BlueFire Ethanol Presents Joint Venture Opportunities at Northwest Energy Angels Investment Forum
Posted on: Monday, 20 November 2006, 09:00 CST
BlueFire Ethanol Fuels, Inc.'s (PINKSHEETS: BFRE) CEO and President Arnold R. Klann announced today that BlueFire Ethanol was invited to the Northwest Energy Angels Investment Forum and presented its technology and deployment plans to business leaders in the Pacific Northwest, who provide investment capital, strategic advice and mentoring to early-stage companies or companies embarking on major expansion efforts to help them achieve market leadership.
With focus on the energy industry, the Northwest Energy Angels(TM) is a membership organization of successful entrepreneurs, venture capital firms, members of other angel groups, and other business leaders in the Pacific Northwest. BlueFire was selected to present to its membership on November 9, 2006. The Northwest Energy Angels(TM) is a program of the Northwest Energy Technology Collaborative (NWETC), a joint effort of industry and government, working together to accelerate the emergence and growth of the energy technology industry in the Pacific Northwest region of North America. NWETC spans five U.S. states (Washington, Oregon, Idaho, Alaska, Montana) and two Canadian provinces (B.C. and Alberta).
"We are pleased to have been invited to present BlueFire's business opportunities to a group committed to support the development of sustainable economic businesses in the Pacific Northwest," stated Mr. Klann. "The Northwest has extensive logging and agricultural industries and a growing ethanol market making the region a good candidate for cellulose to ethanol production. The region could transition to becoming a global leader in cellulose to ethanol production utilizing its existing biomass supply infrastructure. We believe that BlueFire's proven technology is ideal for various joint ventures and financing opportunities as the region transitions to the forefront of the cellulose to ethanol industry."
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About us:
BlueFire Ethanol Fuels, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com
FORWARD-LOOKING STATEMENTS
Statements about BlueFire Ethanol, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. BlueFire's actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.
Investment Banker: Tom Rubin President/CEO Westcap Securities, Inc. 18201 Von Karman Ave., Suite 550 Irvine, CA 92612 800-805-3334 www.WestcapSecurities.com Investor Relations Contact: Gerald Kieft or Ryan Audin Wall Street Resources, Inc. 2646 SW Mapp Road, Suite 303 Palm City, Florida 34990 772-219-7525 http://www.wallstreetresources.net
SOURCE: BlueFire Ethanol
Source: MARKET WIRE
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