August 10, 2009 (FinancialWire) — LBO Capital Corp. (OTC: LBOA), a Colorado corporation, signed a pilot project agreement with O2 Energy, a Native American Indian Company, headed by its president, Windell R. King Sr., an entrepreneur on the Sovereign Akwesasne Mohawk Nation Territory, contiguous to northern New York State and Canadian Provinces of Ontario and Quebec.

Windell R. King, Sr., president of O2 Energy, stated: “By adding Ecoplastifuel’s licensed, patented catalyst to mixed plastic waste raw material, greater efficiency will occur during conversion to useable fuels. The resulting fuels are expected to provide a competitive price advantage over gasoline and diesel fuel produced at conventional crude oil refineries.”

LBO Capital chairman, Thomas W. Itin, commented: “The pilot project’s purpose is to combine the patented catalyst technology of Ecoplastifuel, Inc., a Delaware corporation (Ecoplastifuel), and a subsidiary of LBO Capital, with Mohawk’s patent pending technology and developed conversion machinery, and to be able to more efficiently convert mixed plastic wastes and organic material to gasoline, diesel fuel and lubricants. LBO Capital and Ecoplastifuel anticipate a royalty stream from licensing its patented catalyst during years 2009 to 2024.”

Currently, Mohawk is completing construction of a conversion facility on the Sovereign Akwesasne Mohawk Nation Territory in the vicinity of Massena, New York, near both an existing supply of raw material to convert to fuels and near many potential customers for the new fuel output. Recycling will include various types of organic and plastic waste, with different degrees of foreign matter: contaminating, densified or otherwise. The project has the potential to divert great volumes of waste material from near-capacity landfills and noxious incinerators thereby contributing to a cleaner, greener natural environment.

Once the pilot project advances to a stage deemed satisfactory, a joint venture agreement will be negotiated and entered into for a commercialization phase of this “green” recycling technology. Intellectual property developed during the pilot project will be shared equally (50/50) by the parties, specifically O2 Energy president, Windell R. King Sr., and LBO Capital.

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