November 12, 2008
New Generation Biofuels’ CEO Featured in Latest Issue of Electric Perspectives
LAKE MARY, Fla., Nov. 12 /PRNewswire-FirstCall/ -- New Generation Biofuels Holdings, Inc. , a renewable fuels provider, today announced that Mr. David Gillespie, President & CEO, and Ms. Kim Johnson, President of eBarton LLC, co-authored an article titled 'A Test of Fuel Switching with Biofuels' that was recently published in the November/December 2008 issue of Electric Perspectives, a magazine for executives and managers in investor-owned utilities. The piece focused on the emergence of biofuels as a low cost, simple fuel switch for power utility companies in North America to achieve their Renewable Portfolio Standards. Biofuels represent a timely alternative to other more capital intensive renewable energy sources like wind or solar. As capital markets continue to be constrained, utilities may seek low capital biofuel solutions to meet their renewable requirements.
Mr. David Gillespie commented, "We are grateful to the EEI and the editorial staff at Electric Perspectives for publishing our piece on how making the switch to biofuels can provide EEI's members with an attractive renewable solution. New Generation offers the perfect solution for utility companies seeking to achieve their Renewable Portfolio Standards in a timely fashion without the intensive capital requirements of other alternatives."To review the article, please use the following link:
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. Our business model calls for establishing direct sales from manufacturing plants that we may purchase or build and sublicensing our technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2008.
New Generation Biofuels Holdings, Inc.
CONTACT: Rob Schatz of Wolfe Axelrod Weinberger Associates, LLC,+1-212-370-4500, for New Generation Biofuels Holdings, Inc.