Eco Ventures Group Announces Update on Purchase O

GROVELAND, Fla. , Feb. 8, 2012 /PRNewswire/ -- Eco Ventures Group, Inc. (OTCBB: EVGI) announced today that it has a production update regarding its Blanket Purchase Order from Agri Liquid Products of Sandy Hook , Mississippi. The purchase order agrees to purchase all of EVGI's initial 3.6 million gallon per year production for 120 days following the plants first fuel production. The purchase order is for ASTM Fuel only and EVGI must now begin production by April 1 , 2012. EVGI is in the process of completing its bio fuel production facility in Groveland , Florida. ASTM Fuel is currently selling at an average price of $3.35 per gallon. At current market prices, the purchase order is valued at approximately $12 million dollars .