Gulf Ethanol Evolves to Gulf Alternative Energy Corporation
March 24 2009 - 7:56AM
Business Wire
Gulf Alternative Energy Corporation (PinkSheets:GAEC) announced
today that it has completed the process of changing its name from
Gulf Ethanol Corp. The change is indicative of the Company�s move
to advance its biomass processing technology beyond the ethanol
industry. As the technology has developed, the company realized
that there could be other alternative energy applications that
would fit within the parameters of the technology platform.
Gulf Alternative Energy Corp. is developing a system that
processes biomass, such as sorghum or switchgrass, into a fine
powder. The Company expects this to increase the speed and
efficiency of processing biomass into ethanol and other fuels. Only
simple sugars can be fermented into ethanol so efficient conversion
of the materials is essential to cellulosic ethanol production.
About Gulf Alternative Energy Corporation
Gulf Alternative Energy is an alternative energy company focused
on the development of the cellulosic ethanol industry with a
particular emphasis on Texas and the Gulf Coast.
For more information, visit www.gulfethanolcorp.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
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