Monday, December 10, 2007

Former Clinton Administration Climate Change Advisor Joins Stratos’ Board of Directors

Stratos Renewables Corporation Welcomes Former Clinton Administration Climate Change Advisor to Its Advisory Board
Monday December 10, 6:00 am ET

LOS ANGELES & LIMA, Peru--(BUSINESS WIRE)--Stratos Renewables Corporation (OTC BB: SRNW.OB), an emerging South American sugarcane ethanol producer, today announced that former Clinton administration climate change advisor Roger Ballentine has joined the company?s Advisory Board. Ballentine brings one of the most respected resumes in the battle against climate change to Stratos.

Welcoming Mr. Ballentine to the company's Advisory Board, Stratos' CEO, Tony Salas, stated, "We're honored to have such a highly regarded veteran of the renewable energy movement joining our Advisory Board, and we're looking forward to the guidance and leadership Roger can help provide. Roger elevates what is already a well-respected management team and we?re looking forward to his contributions toward building one of South America's leading renewable fuel companies."

As Chairman in the 1990s of the Clinton/Gore Climate Change Task Force and Deputy Assistant to the President for Environmental Initiatives, Mr. Ballentine was a leading proponent for policy change toward the global climate crisis. His experience and guidance on a global level brings Stratos an advisor who?s also consulting some of the largest energy companies in the world.

"I believe that Stratos is positioned nicely to become a meaningful player in Latin American sugar cane ethanol segment due to their vertical integration strategy and lower cost production capability," said Roger Ballentine. "The combination of the ability to harvest year-round, and with an attractive logistical capability on the coast of Peru, gives Stratos an edge."

Roger Ballentine bio.

Mr. Ballentine is the President of Green Strategies, Inc. and a Visiting Professor at Harvard Law School, teaching in the area of energy and climate change. Previously, he was Chairman of the Clinton/Gore White House Climate Change Task Force and Deputy Assistant to the President for Environmental Initiatives. Prior to serving in the White House, he was a partner at the Washington law firm of Patton Boggs L.L.P. and Adjunct Professor of Law at the Georgetown University Law Center. Mr. Ballentine is a graduate of Harvard Law School. Past and current clients of Green Strategies, a consulting firm focused on renewable energy and the environmental markets, include Wal-Mart, General Electric, Chevron/Texaco and private equity firms KKR & Texas Pacific Group.

About Stratos Renewables

Stratos Renewables is committed to becoming a leader in Latin America's rapidly emerging sugarcane ethanol industry, a growing segment of the larger renewable fuel industry. The company believes Peru's economic growth and expansion, illustrated by recent exponential growth in foreign direct investment, and GDP growth over the last five years, adds to Peru's promise as an attractive geographical location for the cultivation, processing, distribution and use of alternative fuels. In addition, rating agency DBRS has recently assigned investment-grade credit ratings to Peru's long-term foreign and local currency debt. For more information about Stratos Renewables, please visit: www.stratosrenewablesenergy.com.

About Ethanol

Ethanol is a clean burning, high octane biofuel produced from grain, which is a renewable source, and can be grown year after year. In its most basic sense, ethanol is a grain alcohol produced from sources such as corn and sugar. Pure 100% ethanol is normally not used as a replacement for gasoline, but the integration of up to 20% ethanol into a gasoline supply can cut down on not only the amount of oil consumed, but also on the emissions generated by the burning of that fuel. Ethanol significantly reduces harmful exhaust emissions, which contribute to global warming. The United Nations expects all biofuels to account for a full 25% of world energy needs by 2025.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and the Company and Stratos assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com

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