FORT WAYNE, IN--(MARKET WIRE)--Mar 25, 2009 -- Enzyme Environmental Solutions, Inc. (Other OTC:EESO.PK - News) has secured a contract from its recent trip to South Korea. The contract was entered into between Star Towers, Inc. in association with Dow Chemical and Enzyme Environmental Solutions late last week.
The signed contract is a one year term and calls for a total $12M ($12,000,000.00) purchase of EESO's proprietary biotech and product for use in bacterial remediation in Chungju Lake, a man-made reservoir that goes about 100 meters deep with a volume of over 2 billion tons. Chungju Lake is one of Korea's largest man-made lakes and is the main water source for domestic (includes drinking/tap water), agriculture and industrial use in that area. The area also is host to numerous tourist attractions and scenery and stands as an overall revenue source for Korea.
It was found in a 2004 report published in The Journal of Microbiology that two species of Cyanobacteria (the dominant phototropic bacteria in water environments) were found to be prevalent in Chungju and the nearby Dunpo reservoir: Microcystis and Anabaena and the problem has only escalated from there. These bacteria were found to be directly linked to pollution levels, "which is sad," states Star Towers owner, Su Lee. "This (Chungju) reservoir is, at times, boasted as Korea's 'largest and cleanest' man-made reservoir. What does that say to us? The pollution has to stop, and I believe that the recent meetings between government officials and Jared's company (Enzyme Environmental Solutions) will help us to put into place garbage and food waste remediation which is a large part of our pollution problem."
The enzyme solution provided by EESO is unique in that it doesn't attack the bacteria directly, but rather its food source, forcing it to starve to death rather than potentially resurfacing in mutated form over the long term.
Lee goes on to state, "In addition to preventative measures to be taken by Korea as a government and community to eliminate or significantly minimize pollution, we need to take measures to clear the matters at hand. I think this initial contract with EESO should prove highly effective as our testing of this product has produced outstanding results and I am looking forward to its applications in bacterial remediation of our water sources, including bacterial remediation in our reservoirs such as Chungju."
City authorities have already put into place agendas to tighten regulations regarding the management of water pipelines and tanks. "We are taking these measures to build public trust in Seoul's tap water," a spokesman for City Hall told The Korea Herald. Initial product for the deal shipped from Enzyme Environmental Solutions' facilities in Fort Wayne, Indiana this morning. The order is the first of multiple shipments to be sent to Korea for the purposes of the agreement with Star Towers in association with Dow Chemical.
President/CEO Jared Hochstedler feels, "It will be a big step in the right direction for us internationally as I think there's a collective understanding here that our products have several useful, cost-effective applications for countries and municipalities worldwide. If this is what it takes for us to receive domestic recognition, then so be it. The benefits to ecosystems and economies alike are, at this point, obvious, and we look forward to continued increase in sales force, research and development as we progress."
Thursday, March 26, 2009
Tuesday, March 24, 2009
(DKAM.ob) - Drinks America Enters LOI to Purchase Global Beverages Asia Ltd.
WILTON, Conn.--(BUSINESS WIRE)--Drinks Americas Holdings, Ltd. (OTC BB: DKAM - News), a leading owner, developer and marketer of global premium beverages, announced today that it has entered into a non-binding Letter of Intent to purchase, for stock, “Global Beverages Asia Ltd.”, the new name for the combination of Yarraman Winery, Inc. (“Yarraman”) and Asia Distribution Solutions Ltd. (“ADSL”), a combination which has existing distribution operations and large retail stores in China for its proprietary and non-proprietary wines, spirits, beers, mixers, and soft drinks.
The acquisition by Drinks Americas is subject to completion of due diligence, the negotiation of definitive agreements, and the satisfaction of legal requirements. Rodman and Renshaw LLC is acting as financial advisor to Drinks Americas, and Newbridge Securities Corp. is acting as advisor to Yarraman on the transaction.
Drinks Americas is a leading owner and marketer of premium and iconic beverages that include Kid Rock Beer, Willie Nelson’s Old Whiskey River Bourbon, Trump Super Premium Vodka, Newman's Sparkling Juice Drinks, Rheingold Beer, Leyrat Estate Bottled Cognacs, and an additional line of spirits to be introduced in partnership with Interscope and Dr. Dre. The Drinks Americas portfolio will be added to the products currently sold by ADSL in China and Yarraman’s global sales and export arm selling wines in Australia, Europe, and throughout the Pacific Rim.
ADSL currently has Chinese operations in Shanghai, Chengdu, Beijing, and Shenzhen through wholly-owned distributors. The company also sells product in China through its 51% owned chain of “big box” or “WineMall “ stores, which ADSL expects to grow to approximately fifty outlets over the next three years.
In addition to its proprietary labels, ADSL distributes Heineken, Tiger Beer, Pabst, Tsingtao, Sunkist Sodas and Snapple Beverages as well as Yeshu Coconut Juice, Jia Jia Liang Teh Herbal Drinks and Kelsoloch Mixers. The company also provides procurement and logistics in China for the purchase of wine, spirits and beverages for supermarkets, hotels, high-end restaurants, bars and cafes. The company operates nine “store within a store” operations at Times Ltd. Hypermarket with the Pine Group.
The wine market in China is approximately US$4.8 billion, with consumption growing at an estimated 6.5 times faster than the overall global market. The beer market is the largest consuming beer market in the world at US$36.1 billion and growing at an estimated rate of 8.5% per annum. The spirits market is approximately US$6.1 billion and growing at an estimated rate of 1.5% per annum. (SOURCE: Data Monitor) The Drinks Americas portfolio of products will be added to the products sold by ADSL’s distribution and retail operations in China.
ADSL is in the process of being acquired by Yarraman, a successful Australian- based vineyard and winery operation, which, together with its Jugiong Vineyard, has the capacity to produce 160,000 cases of wine per year, giving the company significant capacity to meet the growing demand for wines in China through its WineMall retail outlets. In addition to Yarraman Wines, the company also sells Ironstone, Santa Carolina, Bass Phillip, Vine San Pedro and La Barcia wines. Yarraman has tangible assets of US$45 million.
J. Patrick Kenny, Chairman and CEO of Drinks Americas, stated, "Consumption of beverages and the size and scale of the distribution and retail market in China is something DKAM wants to be a part of. When we met to discuss and review the strategic opportunity, an immediate vision of the scale and scope of this business opportunity for Drinks began to take shape. We see it as an opportunity for the combined companies to grow in the two largest markets in the world, supply profitable and proprietary product, continue to scale our iconic business model and create substantial shareholder value. Assuming a consummation of this acquisition, the entire business enterprise will have more than $20 million in current sales, over $40 million in net tangible assets, accretive earnings, and a growing business infrastructure capable of efficient international distribution of proprietary products.”
Michael Kingshott, the Chairman of ADSL, stated “The bringing together of two very dynamic companies which today are focused on two of the world’s largest markets is very compelling. Drinks Americas has made significant progress in establishing a set of global iconic brands in America. The opportunity to expand and distribute their range of product in addition to those that we already represent in China will create tremendous growth. For the group to access instantly these two markets represents a unique opportunity for growth. The fact that both companies are so complementary in their brand offerings makes for a very exciting future that we intend to capitalize on, both in America and China.”
The combined company will operate from offices in New York, London, Sydney, Australia, and Shanghai. Michael Kingshott is expected to join Drinks Americas as Chairman of the Board, and Patrick Kenny will become President and CEO of the combined operations.
About Drinks Americas
Drinks Americas was founded in 2004 by J. Patrick Kenny, a leading expert in beverage sales and marketing. Mr. Kenny developed his industry expertise in a variety of management positions at the world’s leading beverage companies, including Joseph E. Seagram & Sons and The Coca-Cola Company. He has also acted as advisor to several Fortune 500 beverage marketing companies, and has participated in several major beverage industry transactions.
Drinks Americas' portfolio of premium alcoholic beverages includes, Old Whiskey River Bourbon, Olifant Vodka, Kid Rock Beer, Trump Vodka and a selection of spirits brands in partnership with Interscope. The Company’s non-alcoholic brands include the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice Drinks and Flavored Waters. Other products owned and distributed by Drinks Americas include award-winning Damiana Liqueur, Aguila Tequila, Cognac Leyrat and Rheingold Beer. This is the second acquisition Drinks Americas has pursued this year, having completed the acquisition of Olifant Vodka earlier in the year. Please visit their website at http://drinksamericas.com.
About ADSL
The main country of operation is in the People's Republic of China. ADSL provides distribution for foreign and PRC companies to import and sell their branded beverage and food products in China. The company also provides procurement and logistic solutions to supermarkets, hotels and clubhouses, selected high-street restaurants and bars, cafes and bakeries, together with beverage wholesalers and retailers, generally referred to in the trade industry as on-premises or HORECA (hotel, restaurant and cafe) accounts.
The company distributes a range of branded beverages, including Heineken and Tiger beers and Snapple’s fruit drinks. The business started in 1998 in Shanghai, the largest and fastest growing regional beverage market in China. The company’s management has been able to quickly capture a large share of this rapidly growing market by supporting foreign brands that seek local distribution but are hindered by the range of complex regulations, diverse distribution networks, widely scattered consumer demand centers and a range of local taste preferences. For further information, please see http://www.asiadistributionsolutions.com
About Yarraman
Yarraman Estate P/L. is one of the oldest vineyards and wineries in the Upper Hunter Valley which is Australia’s oldest wine growing region dating back to the early 1800s. Yarraman award winning wines are sold in the Unites States, Australia, Europe and throughout the Pacific Rim. In the United States, there are approximately 30,000 cases of Yarraman’s award- winning wines sold annually that will be added to Drinks Americas’ US portfolio and distribution system.
Yarraman Estate vineyard was established in 1958 and now produces and sells premium (up to US$14 per 75cl bottle), super-premium (up to US$20 per 75cl bottle) and ultra-premium (over US$20 per 75cl bottle) wines. The wines are made at the Yarraman winery in New South Wales, Australia, where grapes are crushed, fermented and made into wine or blended with wines purchased from other vineyards for production of varietals. Wines are sold both in Australia and internationally, principally under the “Yarraman” label. The vineyards from which Yarraman produces wines are located in two regions, Wybong in the Upper Hunter Valley New South Wales, Australia and the Gundagai Region in the Central Highlands of New South Wales.
The Upper Hunter Valley: The Wybong vineyard has a total of approximately 638 acres, of which 187 acres are under vine and approximately 13 acres are utilized for the winery. The Yarraman Winery was opened in 1967 and currently has a 2,300 ton processing facility, 1.5 million litres storage with the capacity to yield 160,000 cases. Only 50% of this capacity is currently being utilized. The winery utilizes current technology in its harvesting, production and packaging of its products. Over US $10 million has been invested since 1994 on capital improvements to the winery and vineyard. For further information, please see http://www.yarramanestate.com
The Jugiong Vineyard property was established by a group of private investors in 1998 and is located over two blocks of land totaling 650 acres comprising the Wirrilla Homestead and Wirrilla Point Block, with 475 acres under vines.
The acquisition by Drinks Americas is subject to completion of due diligence, the negotiation of definitive agreements, and the satisfaction of legal requirements. Rodman and Renshaw LLC is acting as financial advisor to Drinks Americas, and Newbridge Securities Corp. is acting as advisor to Yarraman on the transaction.
Drinks Americas is a leading owner and marketer of premium and iconic beverages that include Kid Rock Beer, Willie Nelson’s Old Whiskey River Bourbon, Trump Super Premium Vodka, Newman's Sparkling Juice Drinks, Rheingold Beer, Leyrat Estate Bottled Cognacs, and an additional line of spirits to be introduced in partnership with Interscope and Dr. Dre. The Drinks Americas portfolio will be added to the products currently sold by ADSL in China and Yarraman’s global sales and export arm selling wines in Australia, Europe, and throughout the Pacific Rim.
ADSL currently has Chinese operations in Shanghai, Chengdu, Beijing, and Shenzhen through wholly-owned distributors. The company also sells product in China through its 51% owned chain of “big box” or “WineMall “ stores, which ADSL expects to grow to approximately fifty outlets over the next three years.
In addition to its proprietary labels, ADSL distributes Heineken, Tiger Beer, Pabst, Tsingtao, Sunkist Sodas and Snapple Beverages as well as Yeshu Coconut Juice, Jia Jia Liang Teh Herbal Drinks and Kelsoloch Mixers. The company also provides procurement and logistics in China for the purchase of wine, spirits and beverages for supermarkets, hotels, high-end restaurants, bars and cafes. The company operates nine “store within a store” operations at Times Ltd. Hypermarket with the Pine Group.
The wine market in China is approximately US$4.8 billion, with consumption growing at an estimated 6.5 times faster than the overall global market. The beer market is the largest consuming beer market in the world at US$36.1 billion and growing at an estimated rate of 8.5% per annum. The spirits market is approximately US$6.1 billion and growing at an estimated rate of 1.5% per annum. (SOURCE: Data Monitor) The Drinks Americas portfolio of products will be added to the products sold by ADSL’s distribution and retail operations in China.
ADSL is in the process of being acquired by Yarraman, a successful Australian- based vineyard and winery operation, which, together with its Jugiong Vineyard, has the capacity to produce 160,000 cases of wine per year, giving the company significant capacity to meet the growing demand for wines in China through its WineMall retail outlets. In addition to Yarraman Wines, the company also sells Ironstone, Santa Carolina, Bass Phillip, Vine San Pedro and La Barcia wines. Yarraman has tangible assets of US$45 million.
J. Patrick Kenny, Chairman and CEO of Drinks Americas, stated, "Consumption of beverages and the size and scale of the distribution and retail market in China is something DKAM wants to be a part of. When we met to discuss and review the strategic opportunity, an immediate vision of the scale and scope of this business opportunity for Drinks began to take shape. We see it as an opportunity for the combined companies to grow in the two largest markets in the world, supply profitable and proprietary product, continue to scale our iconic business model and create substantial shareholder value. Assuming a consummation of this acquisition, the entire business enterprise will have more than $20 million in current sales, over $40 million in net tangible assets, accretive earnings, and a growing business infrastructure capable of efficient international distribution of proprietary products.”
Michael Kingshott, the Chairman of ADSL, stated “The bringing together of two very dynamic companies which today are focused on two of the world’s largest markets is very compelling. Drinks Americas has made significant progress in establishing a set of global iconic brands in America. The opportunity to expand and distribute their range of product in addition to those that we already represent in China will create tremendous growth. For the group to access instantly these two markets represents a unique opportunity for growth. The fact that both companies are so complementary in their brand offerings makes for a very exciting future that we intend to capitalize on, both in America and China.”
The combined company will operate from offices in New York, London, Sydney, Australia, and Shanghai. Michael Kingshott is expected to join Drinks Americas as Chairman of the Board, and Patrick Kenny will become President and CEO of the combined operations.
About Drinks Americas
Drinks Americas was founded in 2004 by J. Patrick Kenny, a leading expert in beverage sales and marketing. Mr. Kenny developed his industry expertise in a variety of management positions at the world’s leading beverage companies, including Joseph E. Seagram & Sons and The Coca-Cola Company. He has also acted as advisor to several Fortune 500 beverage marketing companies, and has participated in several major beverage industry transactions.
Drinks Americas' portfolio of premium alcoholic beverages includes, Old Whiskey River Bourbon, Olifant Vodka, Kid Rock Beer, Trump Vodka and a selection of spirits brands in partnership with Interscope. The Company’s non-alcoholic brands include the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice Drinks and Flavored Waters. Other products owned and distributed by Drinks Americas include award-winning Damiana Liqueur, Aguila Tequila, Cognac Leyrat and Rheingold Beer. This is the second acquisition Drinks Americas has pursued this year, having completed the acquisition of Olifant Vodka earlier in the year. Please visit their website at http://drinksamericas.com.
About ADSL
The main country of operation is in the People's Republic of China. ADSL provides distribution for foreign and PRC companies to import and sell their branded beverage and food products in China. The company also provides procurement and logistic solutions to supermarkets, hotels and clubhouses, selected high-street restaurants and bars, cafes and bakeries, together with beverage wholesalers and retailers, generally referred to in the trade industry as on-premises or HORECA (hotel, restaurant and cafe) accounts.
The company distributes a range of branded beverages, including Heineken and Tiger beers and Snapple’s fruit drinks. The business started in 1998 in Shanghai, the largest and fastest growing regional beverage market in China. The company’s management has been able to quickly capture a large share of this rapidly growing market by supporting foreign brands that seek local distribution but are hindered by the range of complex regulations, diverse distribution networks, widely scattered consumer demand centers and a range of local taste preferences. For further information, please see http://www.asiadistributionsolutions.com
About Yarraman
Yarraman Estate P/L. is one of the oldest vineyards and wineries in the Upper Hunter Valley which is Australia’s oldest wine growing region dating back to the early 1800s. Yarraman award winning wines are sold in the Unites States, Australia, Europe and throughout the Pacific Rim. In the United States, there are approximately 30,000 cases of Yarraman’s award- winning wines sold annually that will be added to Drinks Americas’ US portfolio and distribution system.
Yarraman Estate vineyard was established in 1958 and now produces and sells premium (up to US$14 per 75cl bottle), super-premium (up to US$20 per 75cl bottle) and ultra-premium (over US$20 per 75cl bottle) wines. The wines are made at the Yarraman winery in New South Wales, Australia, where grapes are crushed, fermented and made into wine or blended with wines purchased from other vineyards for production of varietals. Wines are sold both in Australia and internationally, principally under the “Yarraman” label. The vineyards from which Yarraman produces wines are located in two regions, Wybong in the Upper Hunter Valley New South Wales, Australia and the Gundagai Region in the Central Highlands of New South Wales.
The Upper Hunter Valley: The Wybong vineyard has a total of approximately 638 acres, of which 187 acres are under vine and approximately 13 acres are utilized for the winery. The Yarraman Winery was opened in 1967 and currently has a 2,300 ton processing facility, 1.5 million litres storage with the capacity to yield 160,000 cases. Only 50% of this capacity is currently being utilized. The winery utilizes current technology in its harvesting, production and packaging of its products. Over US $10 million has been invested since 1994 on capital improvements to the winery and vineyard. For further information, please see http://www.yarramanestate.com
The Jugiong Vineyard property was established by a group of private investors in 1998 and is located over two blocks of land totaling 650 acres comprising the Wirrilla Homestead and Wirrilla Point Block, with 475 acres under vines.
(SSTP.pk) - Sustainable Power Expects International Contract
BAYTOWN, TX--(MARKET WIRE)--Mar 23, 2009 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) presented the following communication from its President and Chief Executive Officer, M. Richard Cutler:
SHAREHOLDERS AND INVESTORS OF SUSTAINABLE POWER CORP.
Without a doubt it is again time to update our shareholders and investors as to the progress and results for Sustainable Power Corp. During my brief tenor as President and CEO, I have seen SSTP make amazing advancements in both its existing and new technologies and its business relations. I hope you appreciate the work which our team completed in preparing and filing our Form 10 Registration Statement with the SEC, to help make our operations and finances transparent to the investor community and with the objective of making us a fully reporting company. We are currently working through our 2008 year end financials in preparation for our next filing.
We are working around the clock to reach our objectives in our business relations and core technologies.
Dominican Republic
Watch for announcements in the next few days (yes days) on our amazing business relationships with this vibrant and progressive country. Given the ease with which we can implement all of our core technologies with the encouragement of key government officials, and the 100% financing for all ventures which our key business partners will provide, we simply cannot ignore this opportunity. I have visited extensively with key government and business leaders in the Dominican Republic who share our vision for green technologies. Without a doubt, this will be our first major source of revenue and funding.
Vertroleum(TM) Biofuels and Electricity
Our principal focus continues to be the production of Vertroleum(TM) biofuels for the production of electricity. We now possess everything we need to create a revolutionary group of solid, liquid, and gaseous biofuels and enormous amounts of biochar, now acclaimed by scientists as essential to reverse global warming and restore barren lands to agricultural use. The feedstocks used to produce these products include, but are not limited to, agricultural waste, human and animal wastes, numerous types of vegetation or biomass, algae, automotive "fluff" or waste from auto recycling, and municipal solid waste (MSW) for which we receive tipping fees as a waste processor. Generation of electricity from MSW feedstock is our primary goal.
Emissions Remediation Systems
In connection with our research on the improvement of engine and electric generator technology, we have developed a "hydrogen on demand" technology which we have dubbed our "Emission Remediation System." This computerized, cell produces hydrogen from a mixture of catalyst and water. Our testing shows this technology to (i) substantially improve fuel consumption mileage, (ii) substantially improve overall engine horsepower and (iii) essentially remediate the toxic gases in engine exhaust because of overall improved fuel burn. SSTP owns 50% of this technology in conjunction with other joint venture partners who brought us this valuable technology. When implemented in generator engines in conjunction with our biofuels, we can vastly improve the overall cost of production of electricity which provides amazing advantages over current technology. This product is currently in final stages of implementation and SALES both in some key United States markets as well as with our Dominican Republic partners.
Sustainable Produce Corp.
As previously announced, Sustainable Produce has an exclusive license for the Angel Eyes Produce technology throughout the world. SSTP owns 90% of the rights to Sustainable Produce in the United States and is the final stages of construction of our demonstration facility in Baytown, Texas. This technology produces 100% organic produce grown in a pathogen free, highly nutritious, non-GMO vegetables, indoors in living, bioactive soils, 365/24/7, regardless of weather. By creating highly controlled, optimal, environments we can grow unprecedented amounts of food in a fraction of the space required outdoors. This technology can be implemented in the driest desert or the coldest climate. We should begin receiving revenues from our demonstration facility within 90 days and intend to substantially increase production capacity. We have received serious interest in this technology from numerous partners, and as will be announced shortly, is already underway with one of our key Dominican Partners.
With financing at the ready, Sustainable Power Corp. stands prepared to move forward with these key technologies to push our world towards a greener environment while working for our shareholders. We continue to worked to eliminate distractions and focus our energy on the Company's successes and future. Together with you our investors we can help change the world by making energy and dependence on foreign sources a thing of the past.
/s/ M. Richard Cutler, President and Chief Executive Officer
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights in the United States to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.SustainablePowerCorp.us.
SHAREHOLDERS AND INVESTORS OF SUSTAINABLE POWER CORP.
Without a doubt it is again time to update our shareholders and investors as to the progress and results for Sustainable Power Corp. During my brief tenor as President and CEO, I have seen SSTP make amazing advancements in both its existing and new technologies and its business relations. I hope you appreciate the work which our team completed in preparing and filing our Form 10 Registration Statement with the SEC, to help make our operations and finances transparent to the investor community and with the objective of making us a fully reporting company. We are currently working through our 2008 year end financials in preparation for our next filing.
We are working around the clock to reach our objectives in our business relations and core technologies.
Dominican Republic
Watch for announcements in the next few days (yes days) on our amazing business relationships with this vibrant and progressive country. Given the ease with which we can implement all of our core technologies with the encouragement of key government officials, and the 100% financing for all ventures which our key business partners will provide, we simply cannot ignore this opportunity. I have visited extensively with key government and business leaders in the Dominican Republic who share our vision for green technologies. Without a doubt, this will be our first major source of revenue and funding.
Vertroleum(TM) Biofuels and Electricity
Our principal focus continues to be the production of Vertroleum(TM) biofuels for the production of electricity. We now possess everything we need to create a revolutionary group of solid, liquid, and gaseous biofuels and enormous amounts of biochar, now acclaimed by scientists as essential to reverse global warming and restore barren lands to agricultural use. The feedstocks used to produce these products include, but are not limited to, agricultural waste, human and animal wastes, numerous types of vegetation or biomass, algae, automotive "fluff" or waste from auto recycling, and municipal solid waste (MSW) for which we receive tipping fees as a waste processor. Generation of electricity from MSW feedstock is our primary goal.
Emissions Remediation Systems
In connection with our research on the improvement of engine and electric generator technology, we have developed a "hydrogen on demand" technology which we have dubbed our "Emission Remediation System." This computerized, cell produces hydrogen from a mixture of catalyst and water. Our testing shows this technology to (i) substantially improve fuel consumption mileage, (ii) substantially improve overall engine horsepower and (iii) essentially remediate the toxic gases in engine exhaust because of overall improved fuel burn. SSTP owns 50% of this technology in conjunction with other joint venture partners who brought us this valuable technology. When implemented in generator engines in conjunction with our biofuels, we can vastly improve the overall cost of production of electricity which provides amazing advantages over current technology. This product is currently in final stages of implementation and SALES both in some key United States markets as well as with our Dominican Republic partners.
Sustainable Produce Corp.
As previously announced, Sustainable Produce has an exclusive license for the Angel Eyes Produce technology throughout the world. SSTP owns 90% of the rights to Sustainable Produce in the United States and is the final stages of construction of our demonstration facility in Baytown, Texas. This technology produces 100% organic produce grown in a pathogen free, highly nutritious, non-GMO vegetables, indoors in living, bioactive soils, 365/24/7, regardless of weather. By creating highly controlled, optimal, environments we can grow unprecedented amounts of food in a fraction of the space required outdoors. This technology can be implemented in the driest desert or the coldest climate. We should begin receiving revenues from our demonstration facility within 90 days and intend to substantially increase production capacity. We have received serious interest in this technology from numerous partners, and as will be announced shortly, is already underway with one of our key Dominican Partners.
With financing at the ready, Sustainable Power Corp. stands prepared to move forward with these key technologies to push our world towards a greener environment while working for our shareholders. We continue to worked to eliminate distractions and focus our energy on the Company's successes and future. Together with you our investors we can help change the world by making energy and dependence on foreign sources a thing of the past.
/s/ M. Richard Cutler, President and Chief Executive Officer
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights in the United States to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.SustainablePowerCorp.us.
Friday, March 20, 2009
(EESO.pk) - Enzyme Environmental Solutions Receives Intent for Buyout Offer
FORT WAYNE, IN--(MARKET WIRE)--Mar 20, 2009 -- The promise of news from South Korea has attracted positive attention to Enzyme Environmental Solutions (Other OTC:EESO.PK - News) as of late for its products and formulas, including the food and garbage applications inherent to the FG-500. One company has taken particular interest in EESO and came to CEO Jared Hochstedler recently with an offer to purchase the company in its entirety.
One week ago today, the prospective buyer deposited approximately 1% of the total purchase price offered into ESCROW as a sign of its good faith to follow through should Hochstedler accept the offer. On the flip side, the buyer requested that EESO release at least 300 Million of its remaining shares on a restricted basis as part of the overall exchange should both parties come to a mutual agreement; So far so good according to Hochstedler, "The buyer -- who we can't name just yet due to confines of our negotiations -- has taken particular interest in our industrial applications and is positioned very well internationally. I think it (the acquisition) could be a win-win for our prospective buyer and EESO shareholders... Further, as far as the shares are concerned, that puts us at about full capacity as we have 2 billion shares authorized... that said, due to recent occurrences with two different transfer agents, I feel it's in the company's, and its shareholders, best interest, to restrict our TA from releasing any share information at this time. Any due diligence can be done by interested parties through the Nevada Secretary of State website or office as this is a delicate negotiation and one I plan to see through to everyone's benefit; not one that during I can subject the company or its share price to with unnecessary volatility."
The buyer, a U.S. domiciled entity with an interest in progressive green technology, feels the timing is right for this deal, as its principal officer states, "I feel that Enzyme Environmental Solutions is on the cusp of an ever-progressing movement in a world where everyone is going green and carbon credits, not oil, are the new hot-topic commodity talk. It's a sign of the times and these formulas and their applications are effective and efficient. With their (EESO) agreements already in place and the interest from South Korea and even U.S. domestic hog farmers, etc., I think the time is right for a mutually attractive transaction in which we can continue to take this company to the next level."
Details to come on the progress of the negotiations. In the meantime, Hochstedler and staff are organizing notes from the recent South Korea trip for further company updates within the next few days.
One week ago today, the prospective buyer deposited approximately 1% of the total purchase price offered into ESCROW as a sign of its good faith to follow through should Hochstedler accept the offer. On the flip side, the buyer requested that EESO release at least 300 Million of its remaining shares on a restricted basis as part of the overall exchange should both parties come to a mutual agreement; So far so good according to Hochstedler, "The buyer -- who we can't name just yet due to confines of our negotiations -- has taken particular interest in our industrial applications and is positioned very well internationally. I think it (the acquisition) could be a win-win for our prospective buyer and EESO shareholders... Further, as far as the shares are concerned, that puts us at about full capacity as we have 2 billion shares authorized... that said, due to recent occurrences with two different transfer agents, I feel it's in the company's, and its shareholders, best interest, to restrict our TA from releasing any share information at this time. Any due diligence can be done by interested parties through the Nevada Secretary of State website or office as this is a delicate negotiation and one I plan to see through to everyone's benefit; not one that during I can subject the company or its share price to with unnecessary volatility."
The buyer, a U.S. domiciled entity with an interest in progressive green technology, feels the timing is right for this deal, as its principal officer states, "I feel that Enzyme Environmental Solutions is on the cusp of an ever-progressing movement in a world where everyone is going green and carbon credits, not oil, are the new hot-topic commodity talk. It's a sign of the times and these formulas and their applications are effective and efficient. With their (EESO) agreements already in place and the interest from South Korea and even U.S. domestic hog farmers, etc., I think the time is right for a mutually attractive transaction in which we can continue to take this company to the next level."
Details to come on the progress of the negotiations. In the meantime, Hochstedler and staff are organizing notes from the recent South Korea trip for further company updates within the next few days.
Thursday, March 19, 2009
(SPNG.ob) - SpongeTech Lands $10 million in March Deals
NEW YORK, March 18 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc., America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News) would like to inform shareholders of recent developments at your Company.
New orders for SpongeTech® products continue to grow at an impressive pace. From March 1 through March 17, the Company booked orders with a value of $9.6 million from well-known domestic retailers. The order agreements include the usual non-disclosure clauses to protect the competitive positions of our clients, so we are not permitted to announce the names of specific retailers until the SpongeTech® products have been shipped and appear on the store shelves. We will make further announcements when appropriate.
We noted on February 2 that there were roughly 700 million SPNG shares outstanding at that time. There have been no significant changes to date. All rumors to the contrary are unfounded and without merit.
It should be noted that on March 10 we petitioned the State of Delaware to increase the "authorized" common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.
Thank you for your kind attention and loyalty as we continue to create "America's Cleaning Company."
Michael Metter CEO
Steven Moskowitz COO.
New orders for SpongeTech® products continue to grow at an impressive pace. From March 1 through March 17, the Company booked orders with a value of $9.6 million from well-known domestic retailers. The order agreements include the usual non-disclosure clauses to protect the competitive positions of our clients, so we are not permitted to announce the names of specific retailers until the SpongeTech® products have been shipped and appear on the store shelves. We will make further announcements when appropriate.
We noted on February 2 that there were roughly 700 million SPNG shares outstanding at that time. There have been no significant changes to date. All rumors to the contrary are unfounded and without merit.
It should be noted that on March 10 we petitioned the State of Delaware to increase the "authorized" common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.
Thank you for your kind attention and loyalty as we continue to create "America's Cleaning Company."
Michael Metter CEO
Steven Moskowitz COO.
Subscribe to:
Posts (Atom)
