Vision Plasma Systems, Inc. Announces the Acceptance of Terms for a Financing Agreement of $1,000,000 USD With Fairhills Capital of White Plains, New York

Marketwired

RENO, NV--(Marketwire - Sep 26, 2012) - Vision Plasma Systems, Inc. (PINKSHEETS: VLNX) announces the acceptance of terms of a financing agreement with Fairhills Capital of White Plains, New York, in the amount of One Million Dollars, USD. Use of proceeds from first round financing will be applied to working capital needs only, including, but not limited to, completion of engineering requirements, incurred legal fees, and/or manufacturing costs.

Chief Financial Officer Garett Parsons of Vision Plasma Systems, Inc. stated, "We are very excited to receive this financial commitment and believe that not only will it allow us to reach benchmarks in production, it also further ensures the integrity of our company by having a reputable finance partner moving forward." 

The Arc Master I mobile unit, the first of its kind, was designed to deploy a clean and green remediation solution to various worldwide corporations, military, government, and municipal customers. The unit is capable of converting up to 5 tons per day of hazardous wastes and other matter into syngas, net electricity, and recyclable metal ingot, without any air emissions or ash from the gasification process. The Arc Master I can be easily transported by truck, rail, ship, or plane worldwide to provide a fast and mobile solution to the remediation of all forms of waste. The Arc Master I mobile unit is entirely self-powering, creating its own energy from the waste that it processes, and creating up to 240KW of usable electricity at the site.

About Vision Plasma Systems, Inc.

Vision Plasma Systems, Inc. is a designer, developer, and marketer of its proprietary mobile plasma arc gasification unit called the Arc Master I. The company is committed to providing affordable energy resource management for federal and commercial clients through sustainable and renewable energy technologies, land reclamation, products and services.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

Contact:
CONTACT:
Media Relations
Email Contact
www.visionplasma.com

View Comments (0)