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Kentec denies funding claims of American Independent Capital Group

Kentec CEO insists that the company has not received ANY funding from AICG in over a year since paying $50,000 in up-front fees

PRLog - Dec. 22, 2009 - BEIJING, China -- Beijing - Today CEO Sung Kim announced that Kentec has not received any funding to date from AICG and further remarked that AICG's recent press release are grossly misleading. "Although we did apply for a loan with AICG on November 22, of 2008, we are still waiting for the funding and AICG has not been cooperative in providing us accurate nor timely information about the status of our loan. For example, both their President John Vickers and their CEO, Sam Arnold refuse to say where the money is supposedly coming from, and they are not able to identify any other client who can say that they were successfully funded by AICG. We are very much disappointed that AICG cannot be more transparent with us."

Kim also said that Kentec would never grant ANY exclusive rights to AICG unless and until they completed their funding obligations. Kentec has been waiting over a year for AICG to perform as per their contract.  More information about AICG and their funding program can be found at: http://www.fraudwatchers.org/forums/showthread.php?t=34886

Kentec is a pioneer in Korea's green waste biomass industry and is now expanding world-wide. They currently have nine plants operating world-wide.

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Kentec is one of Korea's biggest environmental success stories - growing from a small company of nine employees in 2002 to a multi-million dollar operation in nine countries today. Their revolutionary waste to energy technology has the lowest emissions in the world and is top-rated by the EPA and UNEP.

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