Buffalo Biodiesel Inc. Signs 3rd Contract With Major Biodiesel Manufacturer
May 11 2009 - 5:18AM
Marketwired
HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce today
that on May 4th, 2009, Buffalo Biodiesel Inc. (BBD), a wholly owned
subsidiary of HydroGenetics Inc., entered into a delivery contract
of 1,000,000 lbs of high quality recycled biodiesel feedstock in
June with one of the largest biodiesel producers in the North East.
The contract will gross BBD in excess of $220,000.
BBD completed the first contract of 750,000 lbs of high quality
recycled biodiesel feedstock in April and the second contract
1,000,000 lbs of high quality recycled biodiesel feedstock in
May.
CEO Charles Hansen commented, "BBD delivers a superior product
that is competitively priced." The animal fat markets have changed
direction and have begun to rally as the surrounding markets such
as crude oil, heating oil and world vegetable oils have all moved
sharply higher in price over the past couple of weeks*.
We anticipate BBD to secure additional contracts and will
continue to update our shareholders as events unfold.
* Source: The Jacobsen, May 10, 2009
About HydroGenetics, Inc.
HydroGenetics, Inc. is an alternative energy company. The
company's mission is to acquire and develop alternative "green"
technology and "green" technology companies into revenue producing,
profitable businesses, utilizing investment capital and other
resources including management and strategic planning to increase
shareholder value. HydroGenetics, Inc.'s wholly owned subsidiary,
HydroAxis Technologies, Inc., is currently developing "green
hydrogen generating technology systems for any internal combustion
engine," which will significantly reduce gasoline consumption in
existing and new vehicles.
Forward-Looking Statements
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include but are not limited to,
risk factors inherent in doing business. Forward-looking statements
may be identified by terms such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue,"
or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The company has no
obligation to update these forward-looking statements.
Contact: Mark Balbirer 305-573-0821
Hydrogenetics (CE) (USOTC:HYGN)
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