Aventura Equities, Inc. Finalizes Acquisition of Majority Control in Renewed World Energy
March 10 2010 - 9:46AM
Marketwired
Aventura Equities, Inc. (PINKSHEETS: AVNE)
has acquired a majority interest in Renewed World Energies, Inc. of
Georgetown, South Carolina, thereby shifting its focus to the
alternative energy sector in a very significant corporate move.
Directly related to the acquisition, Richard Armstrong, Tim
Tompkins and Richard von Gnechten, have replaced the Board of
Directors of Aventura Equities. Mr. Armstrong will assume the Chief
Executive Officer position, while Mr. Francis Manzo will operate
Wintree Corporation. A company 49% controlled by Aventura Equities,
Inc.
Renewed World Energies, Inc. ("RWE") is launching one of the
world's first commercially-viable, closed systems, automated
microalgae production facility. RWE's efforts are pioneering a new
era of mass adoption of bio-fuel manufacturing and algae production
for food and Nutraceutical consumption over the past six years. RWE
has developed a scalable closed system bioreactor that not only
grows algae but will make RWE the low cost vertically integrated
harvester and extractor of oil from microalgae, as well. RWE's
proprietary and patent pending process has been engineered to
utilize carbon via Flue Gas or bottled CO2 but foster a new
approach to reducing industrial greenhouse gas emissions by
capturing such emissions as an input to its bio-reactor.
In the short term, RWE's mission is to be the leader in the
manufacturing and sale of algae oil and a lead supplier of products
and services associated with such manufacturing and sales. As
evidence, RWE has recently announced a Joint Venture with
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL). Through the
Joint Venture the Company will begin offering algae products that
range from algae cake for livestock feed to raw materials for use
in the pharmaceutical, natural food and cosmetics industries.
Longer term, RWE intends to continue its research related to the
discovery of many other profitable and viable uses of RWE's core
technology, including the cost effective production and refining of
commercial quantities of "green fuel."
Francis Manzo, III, Former Chief Executive Officer of Aventura
Equities commented, "As a result of this acquisition, I will now
focus on Aventura Beverages and Holihan/Van Houten, Inc. wholly
owned subsidiaries of Wintree Corporation to develop, existing,
former and new brands of beverages and functional foods. As a
result of the transaction, Aventura Equities, Inc. will apply to
change its name to Renewed World Energies International, Inc."
To view this release in video format:
http://www.vodnewswire.com/vodnewswire/news/aventura-20100310/
Safe Harbor Statement: This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as AVNE or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
Website: www.rwenergies.com Website:
www.biocentricenergy.com
Aventura Equities Investor Relations Jeff Berkowitz:
561-348-0524
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