OTTAWA, ONTARIO -- (Marketwire) -- 02/01/12 -- Robert Ireland, CEO of Next Alternative, Inc. (XETRA: N4H), has relayed that the firm has plans to open three additional facilities over the course of 2012.
Next Alternative (NAI) is scouting locations in Vancouver, Northern Alberta and Florida for these new facilities. The Vancouver location is expected to open by next quarter and will be used for the research and manufacture of the company's Emulsion-Fuel. Production will be in excess of 1 million liters per day with the potential of revenues exceeding 100 million dollars per year. Northern Alberta and Florida will also be used for Emulsion-Fuel and are targeted to open by year's end. NAI's Battle Creek, Michigan plant will continue to be used for battery research, testing and production.
According to Ireland, 'Next Alternative foresees a great deal of potential growth this upcoming year and we want to be prepared to meet demands.' He continued, 'After investigating where that demand will most likely come from, we have concluded that British Columbia, Alberta and Florida are the locales that will serve us and our customers the best at this time.'
Next Alternative Inc. is a break-through company paving the way in the global effort to discover alternative means of energy. Understanding the need to reduce the demand for fossil fuels, Next Alternative is pioneering new methods that provide eco-friendly solutions. Poised on the cutting-edge of new green technologies, Next Alternative strives to develop and offer products that meet the challenges of our new economy. Next Alternative stands as an innovator - bringing existing technologies together and melding them to meet future demand.
Next Alternative Inc.