Zenergy International, Inc. Anticipates 2010 Annual Revenues to Exceed $12 Million
January 06 2010 - 12:09PM
Marketwired
Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to
announce that its anticipated revenues have increased to $12
Million for the fiscal year of 2010. These projections have been
calculated based on the current capacity of 5 Million Gallons per
year; with updated projections expected as further negotiations
materialize, and the plant expands to facilitate the doubling of
capacity as recently announced.
By leveraging corporate relationships, the Company has
successfully acquired a contracted rate for its feedstock at
approximately $1.20 per gallon, factually a fraction of the
wholesale standard. This factor, in combination with the increase
in production based on the anticipated acquisition of an additional
biofuel reactor, puts the Company in a very favorable position.
These revenues generated will be announced on a disclosed date
every quarter, for the purpose of keeping the financial community
abreast of the Company's financial position, in consideration of
the exponential nature of the growth potential.
Zenergy International announced on December 15th, 2009 that the
Company intends to expand the current facility, recently acquired
Greenlight Biofuels Ltd. from its current capacity of 5 MGPY to 10
MGPY, literally doubling the facility's production capacity.
The Company's roll up strategy has gone into full swing.
Zenergy's business model is encompassed in the duplication of this
process of the development and acquisition of biofuel sites.
Expansion includes the acquiring of existing facilities and
operating fuel-grade biodiesel and ethanol plants such as this one.
The revenue generating capability of Zenergy International by
duplication of this process is expected to accordingly grow the
Company exponentially.
The Company has acquired the property situated on 40 Acres of
productive land, additional to a 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.
"The acquisition of Greenlight Biofuels is only a small foot
print of our business model and we expect more acquisitions that
will come on line in the near future as we diligently continue
discussions with potential prospects. Economies of scale will play
an integral part in enhancing shareholder value," stated Robert
Luiten, Founder & Chairman of Zenergy International.
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,
that 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, and other risks identified in a company's annual report on
Form 6-K or 20F and other filings made by such company with the
SEC.
For more information visit our website at www.ZenergyIntl.com
Contact: Investor Relations: Gibraltan Financial (407) 830-9777
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