Zenergy International, Inc. Announces the Securing of Substantial Feedstock for Production
November 17 2009 - 8:59AM
Marketwired
Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to
announce that the Company has secured feedstock from two different
suppliers to continue operations and facilitate extensive
production in Littlefield, Texas.
Zenergy International has recently embarked on a Biodiesel
facility acquisition strategy. Greenlight Biofuels, the first of
Zenergy's acquired facilities, is a sizable Texas operation
currently capable of producing five million gallons per year, with
the potential for substantial expansion.
Greenlight Biofuels employs a robust, proprietary, and proven
technology capable of processing a variety of different feedstock.
In alignment with the corporate strategy, having technology that
can use flexible feedstock is particularly advantageous in
switching to lower cost feedstock or use of potential new feedstock
like algae oil.
"We are very pleased to have achieved the second milestone in
our development plan, as we continue to search for idled and
underutilized facilities to add to our Zenergy International
production platform. We are striving to create further shareholder
value by using our network and relationships to maximize the
potential of our facilities. We believe this unit will strengthen
our position and we are ready to restart Littlefield with low-cost
feedstock," 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.
For more information visit our website at www.ZenergyIntl.com or
Contact Investor Relations: Gibraltan Financial (407) 830-9777
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