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

Vega Completes Acquisition of Natural Fuels Industries

Posted on: Thursday, 29 January 2009, 13:36 CST

LONDON, Jan. 29 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (VGPR.PK) today announced it has completed its acquisition of Montana based, alternative energy manufacturer, Natural Fuels Industries in an all stock transaction.

Natural Fuels Industries (NFI) manufactures various products including energy efficient pellet fuel made from organic waste bi-products using unique and innovative ideas combined with proven technology. The Company's current expansion includes building manufacturing plants in various international locations that will produce bio-mass products and bio-diesel products for power generation units. It is estimated that in the next five years the bio mass industry will become a $20 billion industry.

Bill Jacobson, CEO of Natural Fuels Industries stated, "This is a very strategic move for our Company. We are very optimistic that a move to the public market will give us the necessary tools to grow our business in a way that will expand profits and increase shareholder value. Our plans call for a very aggressive international expansion. Having access to worldwide financial markets will provide the necessary capital to help us reach our goals."

Michael Herron, CEO of Vega stated, "We are fortunate to be in a position to make this type of acquisition. During the due diligence process, we got to know the principals of NFI and are very impressed with their knowledge and expertise in the alternative energy industry. Their worldwide expansion will have a tremendous impact on our bottom line and should bring increased value to our shareholders. We appreciate the patience our shareholders have shown during this process and look forward to providing additional information concerning the acquisition and the impact it will have on Vega's reorganization within the next few days."

About Vega Promotional Systems, Inc.:

Vega Promotional Systems, Inc. seeks complementary business opportunities that will allow it to increase its shareholder value. The Company's stock trades under the symbol VGPR on the pinksheets.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

For more information, contact: info@naturalfuelsindustries.com

SOURCE Vega Promotional Systems, Inc.

Source: PR Newswire

More News in this Category