CHICAGO, IL -- 10/29/09 --
Zenergy
International, Inc. (PINKSHEETS: ZENG) is pleased to announce that the
company is concluding its first acquisition of Greenlight Biofuels Ltd., a
biodiesel company situated on 40 Acres of productive land based out of
Lubbock, Texas, and currently in production in Littlefield, Texas. The
transaction will be completed within a few weeks and funded internally, as
not to cause significant dilution to shareholders.
Greenlight Biofuels Ltd. has developed a robust, proprietary, and proven
technology capable of processing a variety of feedstock. In alignment with
the corporate strategy, having technology that can use flexible feedstock
is particularly advantageous, as upon market pricing fluctuation the
feedstock sources can be changed in accordance with where the best value
lies.
Zenergy International has recently embarked on a biodiesel facility
acquisition strategy. With Greenlight Biofuels Ltd. the company has
invested in an operation capable of producing five million gallons per
year, with 40 acres of land, providing considerable room for expansion.
Greenlight Biofuels Ltd. is strategically located on the transport
corridor, close to a number of transport fueling depots, providing a
favorable environment for significant local revenues.
"We are very optimistic about the acquisition of Greenlight Biofuels Ltd.
by Zenergy International. As new Zenergy shareholders, we look forward to
the opportunities for this biodiesel facility to prosper under the guiding
hands of Robert and his team, especially in the area of feedstock
procurement. Furthermore, we will enjoy watching the development and
growth of Zenergy International through acquisition and the expansion of
this plant along with others," stated Mitch Elliot, CEO of Greenlight
Biofuels Ltd.
"This is the first milestone of our acquisition model as we continue to
search for idled and underutilized facilities that would benefit from
expertise in feedstock procurement and market access, allowing us to bring
the operation from restart to full capacity and profitability in short
order. The current biodiesel environment has given us a unique advantage
to continue to leverage our efforts around the globe and bring value to our
shareholders," 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.zenfuels.com or
contact Investor Relations: Gibraltan Financial, (407) 830-9777
Contact:
Investor Relations
Gibraltan Financial
(407) 830-9777
