BlueStar Health's Zeon Fuel Subsidiary Forms a Division to Evaluate Providing Biodiesel Fueled Power Plants
Posted on: Tuesday, 12 February 2008, 09:00 CST
HOUSTON, Feb. 12, 2008 (PRIME NEWSWIRE) -- BlueStar Health, Inc., (Pink Sheets:BLSH) announced today that the Company's Zeon Fuels subsidiary has formed a new division to evaluate the economic viability of delivering electricity to the local electricity grid through biodiesel fueled power plants.
BlueStar Chairman, Naved Jaffrey, observed, "The technology is in place now for this to be a reliable and efficient way to assist local communities to address incremental power needs to backup or meet peek load needs." He added, "It is a natural extension of our business objective to increase the awareness and pursue the expanded use of environmentally friendly fuel to meet our everyday needs."
The company anticipates the evaluation phase to be completed in 4 to 6 months at which time it will determine the best structure to implement this new business opportunity.
About BlueStar Health
BlueStar, through its wholly-owned subsidiary, Zeon Fuel, Inc., is engaged in the business of blending purchased biodiesel and petroleum diesel fuels and distributing the blended product through retail outlets. The company intends to expand its distribution through owned and leased facilities as well as fuel contracts with retail outlets. For more information on BlueStar's primary operating entity, Zeon Fuel, Inc., please visit www.zeonglobalenergy.com
Forward-Looking Statements
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events or transactions, sales of products or performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plan, having necessary financing in time to meet contractual obligations and support the business activity, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.
This news release was distributed by PrimeNewswire, www.primenewswire.com
CONTACT: Brass Bulls, Corp. Investor Relations Matthew Lovito 866-342-2700
Source: PrimeNewswire
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