Press Release Source: AlgoDyne Ethanol Energy Corp.
AlgoDyne Launches its Canadian Bio-Diesel Brand ''AlgoDyne MOPO'' and Retail Partner Tuesday July 10, 4:11 pm ET
LAS VEGAS--(BUSINESS WIRE)--AlgoDyne Ethanol Energy Inc. ("AlgoDyne" or the "Company") (OTCBB:ADYN - News) today launched its retail partnership with Canadian Green Fuels Inc. (an established Canadian Bio-Diesel company) at a ceremony in Regina, Saskatchewan. ADVERTISEMENT "Canadian Green Fuels has the experience in retailing, marketing, branding and manufacturing fuel at its plant in Saskatchewan," says Hans-Jurgen Franke, the Company's CTO. "With their capacity and experience we can now enter the market in a more secure and stable manner."
Canadian Green Fuels (www.cangreenfuels.ca) has established an expertise in manufacturing high quality petroleum based on canola and soy. They currently retail their own brand of fuel conditioners, chain lubes, cutting fluids and penetrating oils, as well as manufacture their own premium brand of bio-diesel.
"We have established ourselves as a key player in the North American bio-diesel market," says Mike Shenher, President of Canadian Green Fuels. "With our expansion plans to build several more manufacturing plants in the western Canadian and pacific northwest regions of North America, we believe we can not only capture a significant portion of the market but enhance our exporting opportunities."
Adds Shenher, "We currently market and export our products to Europe, and with the recent racing team announcements we are definitely a natural fit. We have the expertise and market knowledge and with the capacities of AlgoDyne to move our growth program forward with their retail initiatives we believe that this relationship is destined for a long and healthy partnership."
Canadian Green Fuels will be assuming the role of establishing, launching and operating the retail Bio-Diesel initiatives of AlgoDyne's corporate fueling stations. The first of which is scheduled to launch before the end of July 2007.
About AlgoDyne Ethanol Energy Corp.
AlgoDyne is a corporation committed to developing initiatives in Eco-Energy world wide. Its focus is to create a portfolio of three primary activities (raw materials, wholesale/manufacturing, and retail) in the Ethanol and BioDiesel industries. The business plan envisages being fully engaged in all sectors of its strategic plan by Q4 of 2007.
Legal Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) the Company anticipates it will have access to a broad range of equipment, products and accessories and intends to offer these products through a new e-commerce solution and sales force, with the first market being in Canada and soon, expansion internationally; (ii) the Company is committed to developing initiatives in eco-energy world-wide; (iii) the Company's focus is to create a portfolio of three primary activities in the ethanol and biodiesel industries; and (iv) the Company anticipates that its business plan will be fully engaged in all sectors of its strategic plan by Q4 of 2007.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that the Company does not execute its business plan; (ii) the inability of the Company to keep pace with technological advancements in the field of eco-energy, including the ethanol and biodiesel industries; (iii) the Company's inability to adequately protect its intellectual property or the Company's inadvertent infringement of third party intellectual property; (iv) the Company not being able to retain key employees; (v) competitors providing better or cheaper products and technologies; (vi) markets for the Company's products not developing as expected; (vii) the Company's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals; and (ix) the inability to effectively market and commercialize the Company's technologies, including the establishment of viable relationships with third parties. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
Contact: AlgoDyne Ethanol Energy Corp. Investor Relations: Paul Kuntz, 888-767-5955 http://www.algodyne.com |