Marketing Mobiltext Inc. Enters into LOI to Acquire 100% of Blue Sky Biomass (NV) Inc.
June 21 2013 - 8:00AM
Marketwired
Marketing Mobiltext Inc. (OTCBB:MMTX) is pleased to announce it has
entered into an LOI to acquire 100% of Blue Sky Biomass (NV) Inc.,
a company based out Denver, Colorado. The company is currently
undertaking due diligence and will announce the signing of a
definitive agreement in the event that one is signed.
The company will be changing its name to Blue Sky Biomass (USA)
Inc.
ABOUT THE COMPANY
The Company is a development stage company, and is seeking to
focus in 2013 on the growth of sustainable forests located in the
USA and the production of woody biomass pellets for export to
European markets for use in power production. The European market
is a strong advocate in the use of woody biomass pellets for the
generation of clean heat and energy as part of the "202020" targets
set by the European Commission; "202020" targets: by the year 2020,
greenhouse gas emissions should be reduced by 20 percent, renewable
energy sources should represent 20 percent of Europe's final energy
consumption and energy efficiency should increase by 20 percent.
Blue Sky Biomass (USA) is executing its strategy to become a
leading US exporter of wood biomass pellets to fulfill demand in
the European markets.
As part of its afforestation strategy for growing sustainably
managed forests for the production of woody biomass pellets, Blue
Sky Biomass intends to become an active participant in the North
American carbon markets. This year, North American carbon markets
will more than double in value to $2.5 billion, according to market
intelligence firm Thomson Reuters Point Carbon. The growth will be
driven by activity in California, whose market will increase over
four-fold year-on-year to 186 Mt. Strong demand for California
carbon allowances (CCAs), driven by hedging by power suppliers,
should push the Californian market as a whole to $2.3bn this year.
Blue Sky's carbon strategy is simple, through its afforestation
projects that absorb carbon dioxide, the company intends to work
with carbon certifiers and traders to add additional revenue
streams to the company through the sale of Climate Reserve Tonnes,
or carbon credits.
For more in depth information please visit the company website:
www.blueskybiomass.com.
ON BEHALF OF THE BOARD
Marketing Mobiltext Inc.
Contacts: Blue Sky Biomass Martin Tindallmartin@kronosii.com
www.blueskybiomass.com
Progressive Green Soluti... (CE) (USOTC:PGSC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Progressive Green Soluti... (CE) (USOTC:PGSC)
Historical Stock Chart
From Nov 2023 to Nov 2024
