Mannington Mills, Inc., and Alliance Recovery Corporation (OTCBB: ARVY) are pleased to announce that they are exploring an opportunity to locate a technologically advanced alternative energy electrical generation facility on Mannington’s property in New Jersey. If the agreement is completed, Mannington would purchase up to eleven Megawatts of electricity from Alliance, representing the majority of the Company’s New Jersey site electrical demand.
Alliance Recovery Corporation, located in Wilmington, Delaware, has developed a proprietary process system that converts rubber waste into fuel oil for electrical generation. Using “state of the art” pollution technologies, the Alliance system employs a sophisticated thermal chemical process to convert various forms of rubber waste – including waste or scrap tires – to usable fuel oil. The recovered oil is used to fuel reciprocating engines, driving alternators that then make electricity.
Having operational, economic and environmental advantages, this unique process creates a sustainable source of electricity that would be used by Mannington’s manufacturing and support operations; the excess of which would be sold into the local power grid. The Alliance system can contribute to the overall reduction of dependence on fossil fuels while removing tons of rubber and scrap tires from the waste stream each year.
The use of this alternative energy at Mannington’s manufacturing facility and corporate headquarters will underscore the company’s position as a leader in innovation in its industry. Mannington has been located and headquartered in Salem, NJ since its founding in 1915, and continues to explore solutions that will help continue its long history of environmental responsibility and business success.
ABOUT MANNINGTON MILLS:
One of the largest flooring companies in the U.S., Mannington Mills, Inc., based in Salem, NJ, is the only North American company engaged in the manufacturing and marketing of residential and commercial resilient, laminate, hardwood and porcelain tile floors, as well as commercial carpet. Founded in 1915 by John Boston Campbell, the Company is privately held. After 93 years, the Company continues to pursue its commitment to quality, customer satisfaction and the environment through innovative product design and marketing, state-of-the-art technology and industry-leading programs. For more information, visit www.Mannington.com
ABOUT ALLIANCE RECOVERY CORPORATION:
Alliance Recovery Corporation is an innovator in sustainable energy systems. The company plans to construct 10 waste- to-energy facilities at several sites across the country over the next 5 years. These facilities will recover fuel oil as a result of thermal chemical processes that convert rubber waste to oil. This process will contribute to fossil fuel conservation efforts and ultimately help reduce the consumption of America’s energy resources. These facilities can be located, constructed and operated to meet the specific needs of the community or industry and are operated in an environmentally responsible manner. For more information, visit www.AllianceRecoveryCorporation.com
SAFE HARBOR STATEMENT:
This press release contains statements that may constitute forward-looking statements, including the Alliance’s ability to implement its business plan and the future strength of the Company’s business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Alliance Recovery Corporation’s future business and financial results, refer to Alliance Recovery Corporation’s Annual Report on Form 10-KSB for the year ended December 31, 2007 that was filed with the SEC on April 15, 2008. Alliance Recovery Corporation’s amended Q 2008 Report filed with the SEC on September 19, 2008. Corporation undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the Company, whether as a result of new information, future events or otherwise.
Contacts:
Investor Relations, 302-651-0177
