Wednesday July 2, 8:30 am ET
HOUSTON, July 2 /PRNewswire-FirstCall/ -- New Generation Biofuels Holdings, Inc. (AMEX: GNB). The segment will provide an overview of New Generation Biofuels and the Company's new class of biofuel.
Mr. Gillespie stated, "We believe that our renewable New Generation Biofuel can improve air quality and significantly reduce our customers' overall emissions when compared to burning traditional fossil fuels. Our unique new blending process provides the opportunity for our customers to switch to our fuel without significant expense or modification to their facilities. We are finding that the low levels of NOx, sulphur and particulate emission from our product are sought after requirements from facility owners in a next generation biofuel. We recently announced our first commercial contract with a large independent power producer. We see this as a significant development, and we are looking forward to further validation of our New Generation Biofuels technology."
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.
CONTACT:
David Gillespie, President & CEO
New Generation Biofuels, Inc.
713-973-5720
Rob Schatz
Wolfe Axelrod Weinberger Associates, LLC
212-370-4500
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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