SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Sept. 18, 2012 /CNW/ - IBA Green, Inc., a wholly
owned subsidiary of Pioneer Exploration Inc. (PIEX) has been formally
invited by the St. Petersburg, Russia Council of Federation of the
Federal Assembly of the Russian Federation to present their technology
to process incinerator bottom ash (IBA) to government and businesses.
IBA Green has developed a technology to process IBA into a viable
by-product from waste-to-energy production. St. Petersburg, Russia has
eminence coal burning power generation operations which result in
In a formal invitation letter sent to IBA Green by the St. Petersburg
Federal Assembly, V.V. Barkanov Member Spokesman for the Council of
Federation, states their understanding the IBA Green "technology allows
not only to neutralize and smother ash, keeping it from the
environment, but also recycle the ash into ecological construction
materials such as composite and cement products." Mr. Barakanov's
letter goes on to state "This technology is of great interest for
enterprises of the Russian Federation and we are eager to find out more
about your company and its technology."
The formal letter invited IBA Green "to a meeting with local St.
Petersburg authorities and enterprises to discuss the possibility of
using your technology in St. Petersburg and to explore possible forms
"We most certainly accept the invitation from the St. Petersburg Federal
Assembly," said Angelo Scola, President and CEO of IBA Green. "The
solution our technology provides to the problem of ash can be applied
throughout the industrial world. The proactive initiative of the St.
Petersburg federal officials to deal with their ash problem and their
environmental concerns is commendable."
About IBA Green, Inc
IBA Green has developed a process to mitigate the environmental issues
associated with toxic end products of the Waste-to-Energy industry, and
has developed a patented process to safely and economically utilize the
previously toxic end product. The IBA Technology works in synergy with
the waste-to-energy industry, converting the toxic end products into
commercially viable green construction products.
The IBA Technology was specifically developed to address coal ash and
incinerator bottom ash (IBA), which is the resulting residue that is
created after the combustion process of burning coal or solid waste to
generate electric power. Currently, there are approximately 600 coal
burning and 85 waste to energy electric power plants across the USA
creating an aggregate 85 million tons of toxic coal ash or IBA
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects," "estimates,"
"projects," "anticipates," "believes," "could," and other similar
words. All statements addressing operating performance, events, or
developments that IBA Green or Pioneer Exploration expects or
anticipates will occur in the future are forward-looking statements.
Because the statements are forward-looking, they should be evaluated in
light of important risk factors and uncertainties. Should one or more
of these risks or uncertainties materialize, or should any of IBA Green
or Pioneer Exploration's underlying assumptions prove incorrect, actual
results may vary materially from those currently anticipated. In
addition, undue reliance should not be placed on IBA Green or Pioneer
Exploration's forward-looking statements. Except as required by law,
IBA Green or Pioneer Exploration disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this press release. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements. No stock exchange has reviewed nor accepts responsibility
for the adequacy or accuracy of this release.
SOURCE: Pioneer Exploration Inc.
For further information:
For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
On Behalf of the Board of Directors
President & CEO