• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Renew Energy Resources, Inc. Announces Joining the "Alternative Fuels Renewable Energies Council"

Posted on: Wednesday, 10 September 2008, 12:00 CDT

Renew Energy Resources, Inc. (Pink Sheets:REER) is pleased to announce that the company has joined The Alternative Fuels Renewable Energies Council, "AFREC".

Al Ringhoffer, President of AFREC, commented, "We are pleased to welcome Renew Energy Resources, Inc. as our newest President's Circle member to AFREC. Renew's commitment and reputation for advancing energy initiatives and economic growth is well known and respected. In a leadership position, Renew will help provide the guidance for identifying situations where alternative fuel technologies and renewable energies can be applied immediately. Most importantly, Renew's innovative business model will help us move closer to energy independence and provide a much safer environment. We believe AFREC is one of the most highly recognized energy groups, and we are glad that Renew Energy Resources, Inc. is part of it."

Alex H. Edwards III, Renew Energy Resources CEO stated, "We are excited to be a part of this diverse group of companies which are focused on the delivery of Alternative Fuels and Renewable Energy. In keeping with our Business Plan, this council serves as a forum for partnership opportunities which we believe will be integral to executing our long term vision of right sized, well located, vertically integrated energy production."

About Alternatives Fuels Renewable Energies Council

AFREC is an alliance of Mid Atlantic-based and National companies that are setting a trend for new economic development in the alternative fuels and renewable energy industries. AFREC provides business roundtable forums where our members meet, discuss, market their products and collaborate for new business. Many new alliances are formed that advocate for implementing initiatives for domestic natural resources. For more information please visit: http://www.afrec.net/

About Renew Energy Resources, Inc.

Renewable Energy Resources, Inc ("RENEW" or "the Company") is an alternative energy development company focused on converting non food based feed stocks into renewable energy. Non food based feed stocks include waste vegetable oil, corn oil, brown grease, animal fats, recycled plastics, and discarded tires. Renew is focusing on plants that are both origination and destination based. "Origination" plants are built near the feed stock source whereas "destination" plants are built near the point of use. Having a plant that functions as both an origination and destination plant simplifies logistics and creates a competitive market advantage in pricing and improved operating margins. RENEW vertically integrates renewable energy markets such as biodiesel, ethanol, solar and wind. Vertical integration will include facility ownership as well as facility management, off take contracts for the primary product produced, value added refinement of derivative products, distribution, sales, marketing and financing of export sales contracts. Management functions will include, marketing the fuels and other bi-products, maintaining a trained operational staff, OSHA compliance, quality control and all accounting functions. In return for the above functions Renew Energy, retains an equity ownership position in each project.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate,""believe,""estimate,""may,""intend,""expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.

Source: Business Wire

More News in this Category