CORONA, Calif., March 11, 2013 /PRNewswire/ -- Extreme
Biodiesel (OTC Pink: BRKM) is pleased to announce that the Company
has initiated discussions with an existing client to develop plans
to acquire the Company in an effort to expand its corporate scope
of operations.
The acquisition candidate is a profitable well-established
Southern California based oil
recycling company who has been in business for a quarter of a
century, maintaining a skilled staff of 25 employees, and runs a
fleet of 35 trucks.
"This Company will be an excellent fit for our corporate
expansion strategy. We believe that this will add consistent
revenues and solid growth opportunities to gain a more substantial
foothold in the industry." stated Joe
Spadafore, Corporate Secretary of Extreme Biodiesel.
These negotiations are consistent with the Company's strategic
objectives of expanding its reach in the Biofuels industry. The
Company being considered has developed a business model which is
built on the successful conversion of used cooking oil. Biodiesel
is produced from vegetable oils, yellow grease, and tallow. The
production process converts oils and fats into chemicals called
long-chain mono alkyl esters, or biodiesel.
Further Details will be forthcoming as negotiation terms are
established and solidified.
The Company recently announced that its Proprietary
Biodegradable glycerin based form and asphalt release product is
successfully concluding its initial real world testing, with
positive results.
About Extreme Biodiesel: Extreme Biodiesel is a Company
dedicated to the production of ecologically friendly biodiesel
energy products. The Company's state-of-the-art solutions are
designed to provide a realistic means for dramatically reducing
the United States' dependence on
foreign oil. Extreme Biodiesel entered the industry in 2003 with
the creation of biodiesel processors designed chiefly for
individual end-users. Extreme Biodiesel is further expanding its
scope by increasing biodiesel production and also creating a Co-Op
for both individual members and fleet accounts throughout
Southern California.
Forward-Looking Statements are included within the meaning of
Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
regarding our expected future financial position, results of
operations, cash flows, financing plans, business strategy,
products and services, competitive positions, growth opportunities,
plans and objectives of management for future operations, including
words such as "anticipate," "if," "believe," "plan," "estimate,"
"expect," "intend," "may," "could," "should," "will," and other
similar expressions are forward-looking statements and involve
risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information please visit our website at:
www.extremebiodiesel.com
Contact Joe Spadafore,
Corporate Secretary at: joe@extremebiodiesel.com
SOURCE Extreme Biodiesel