Buffalo Biodiesel Inc. Signs Spot Contract With Midwest Broker
June 09 2009 - 7:00AM
Marketwired
HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce today
that Buffalo Biodiesel Inc. (BBD), a wholly owned subsidiary of
HydroGenetics Inc., entered into a delivery contract of 100,000 lbs
of high quality blended recycled biodiesel feedstock with a Midwest
Biodiesel Broker.
The contract requires BBD to deliver 100,000 lbs of high quality
recycled biodiesel feedstock in June.
BBD has delivered a contract of 750,000 lbs of high quality
recycled biodiesel feedstock in April, 1,150,000 lbs in May and is
in the process of fulfilling June and July contracts of 1,000,000
lbs per month. The 100,000 lbs contract is a blend of high quality
yellow and brown grease feedstock that is less expensive to the
customer while providing higher profit margins to the company.
BBD will continue to update our shareholders as events
unfold.
About HydroGenetics, Inc.
HydroGenetics, Inc. is an alternative energy company. The
company's mission is to acquire and develop alternative 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)
Historical Stock Chart
From Sep 2024 to Oct 2024
Hydrogenetics (CE) (USOTC:HYGN)
Historical Stock Chart
From Oct 2023 to Oct 2024