GEORGETOWN, S.C., Sept. 28, 2011 /PRNewswire/ -- Aventura Equities,
Inc. (OTC: AVNE) (the "Company) announced that it has acquired RL
Armstrong, Inc., a project systems consulting company. Currently,
RL Armstrong, Inc. has approximately $250,000 to $300,000 in annual revenue and is
consulting international manufacturing companies on manufacturing
systems, industrial plant design and development.
The Company is putting into action a strategic and significantly
changed business plan to directly identify the Company as a
significant player in the green product and renewable energy
industry sector. The Company plans to announce within the next 30
days the details of the plan and the timeline implementation of the
plan. "The Company has been quietly developing and implementing
changes in the corporate structure, management and business
direction which we believe will not only satisfy shareholders but
put the Company squarely in the middle of the green and renewable
energy sector," stated Richard
Armstrong the Company's chief executive officer. "We have a
clear vision of where Aventura is heading and it will include
further development of our proprietary algae technology, patent
development in the industry, renewable fuel development and closed
loop systems utilizing our expertise in algae farming."
Separately, the board of directors of the Company have agreed to
an "unwind and release" agreement related to a previously announced
acquisition of a majority interest in Coastal Capital
Acquisition Corp. Aventura Equities, Inc. will maintain and assume
ownership rights to any and all projects that were going to be
developed through Coastal Capital. The Company does not intend to
comment directly on the reason for the unwind agreement other than
the following statement by Mr. Armstrong, "We believe that under
our current business plan, the management distraction of operating
another publicly traded company was not in the best interest of
Aventura and its shareholders."
ABOUT AVENTURA EQUITIES, INC.
Aventura Equities is pursuing alternative energy solutions to
meet the growing demand for environmentally responsible energy in
world markets through its Alternative Energy Group. The Company's
vision is to become a leader in the development of innovative
gasification projects for the commercial production of energy in
the United States. The Company's
objective for the next decade is to utilize our proven algae
closed-loop and gasification technology to become a leading energy
producer of syn-gas, producing methane for power generation, and
refinery operations for the production of transportation fuels
(diesel, gasoline, etc.), all of which are fundamental products for
the world's growing energy needs.
Safe Harbor Statement
This release includes forward-looking statements intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by phrases
such as AVNE or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. Similarly, statements herein that
describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
Contact:
Investor Relations
Website: www.aventuraequities.com
Phone: 843-647-7464
SOURCE Aventura Equities, Inc.