Zenergy International, Inc. Announces the Completion of the Retirement of 800 Million Shares of Authorized Common Stock
August 11 2009 - 3:58PM
Marketwired
Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to
announce that the Company has completed its retirement of
authorized common shares to 700 Million from 1.5 billion.
"With this reduction in shares we have finalized our capital
structure transition, and can proceed as an organization with the
further development of our business. The Company will continue to
provide complete transparency to our shareholders, as we embark on
negotiations with possible acquisition candidates, potential joint
venture partnerships, and enhance the organic growth of the Company
as we proceed," stated Robert Luiten, Founder & Chairman of
Zenergy International.
As recently announced, the Company's management has refined the
initial capital structure, enabling Zenergy to maximize the growth
potential of its shareholder value. It is, and will continue to be,
of paramount importance to Zenergy International; that as the
Company evolves through new business development and acquisitions,
that Zenergy International's shareholders are given an opportunity
to grow with the Company through an established favorable
environment for profitability.
About Zenergy International, Inc.
Zenergy International, Inc. is a global biofuel solutions
provider which works to deliver biofuels at a competitive price,
focusing on sustainable resources, safe practices, and compliance
with all environmental laws. The Company strives to minimize
overall environmental impact. Zenergy is engaged in the development
and acquisition of biofuel sites, including constructing, acquiring
existing facilities and operating fuel-grade biodiesel and ethanol
plants. Please visit our website at www.ZenergyIntl.com for more
information.
Safe Harbor Act: This release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or
"planned," "will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks identified in a company's annual report on
Form 6-K or 20F and other filings made by such company with the
SEC.
Contact: For more information Visit our website at
www.ZenergyIntl.com Investor Relations: Gibraltan Financial (407)
830-9777
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