Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to announce that the company has successfully closed on the acquisition of Greenlight Biofuels Ltd. and its assets for total consideration of about $1.5 million. This acquisition considerably expands the revenue generating capability of Zenergy International by way of providing the resources to create the biodiesel planned as well as the existing client base purchasing the fuel. This is the first of numerous planned acquisitions expected that will significantly increase the spectrum of industry verticals and the evolving market it will serve.

Zenergy in its acquisition of Greenlight Biofuels Ltd. has taken ownership of the property situated on 40 acres of productive land, facilitating the biofuel plant currently in production in Littlefield, Texas. With the completion of the acquisition of Greenlight Biofuels, Ltd. the company has invested in an operation capable of producing five million gallons per year, along with a vast amount of land, providing considerable room for expansion.

Greenlight Biofuels Ltd. is strategically located on the transport corridor, close to a number of transport fueling depots, providing a favorable environment for significant local revenues. Zenergy International has developed a robust, proprietary, and proven technology capable of processing a variety of feedstock. In alignment with the corporate strategy, having technology that can use flexible feedstock is particularly advantageous, as upon market pricing fluctuation the feedstock sources can be changed in accordance with where the best value lies.

"Zenergy International's biodiesel facility acquisition strategy is now fully underway. The acquisition of Greenlight Biofuels, along with the other acquisitions anticipated, will serve to considerably broaden our total addressable market from a global industry perspective," stated Robert Luiten, Founder & Chairman of Zenergy International. He continues, "When you consider our significant recent developments including the securing of sufficient feedstock to continue operations and facilitate extensive production for over the next several years and the acquisitions to follow, our growth platform for 2010 and beyond is well established."

As recently announced, the Company's management has refined the initial capital structure, enabling Zenergy to maximize the growth potential of its shareholder value. It is, and will continue to be, of paramount importance to Zenergy International that as the Company evolves through new business development and acquisitions, Zenergy International's shareholders are given an opportunity to grow with the Company through an established favorable environment for profitability.

About Zenergy International, Inc.

Zenergy International, Inc. is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws. The Company strives to minimize overall environmental impact. Zenergy is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants. Please visit our website at www.ZenergyIntl.com for more information.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

For more information visit our website at www.ZenergyIntl.com Contact: Investor Relations Gibraltan Financial (407) 830-9777

Zenergy (CE) (USOTC:ZENG)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Zenergy (CE) Charts.
Zenergy (CE) (USOTC:ZENG)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Zenergy (CE) Charts.