LIGHTNING RELEASES (12/17/2013) - Algae International Group, Inc. (OTC: ALGA) announced today their strategic goals for 2014 and released a statement from the new Chairman and Chief Executive Officer Mr. Edward Bollen.
The alternative clean energy industry and the use of waste byproducts or natural occurring substance like algae continue to be feasible alternatives to fossil fuel consumption. The United States Department of Energy (DOE) estimates that if algae fuel replaced all the petroleum fuel in the United States, it would require only 15,000 square miles, which is about half size of the State of Maine. While the infrastructure for such a complete overhaul of the North American energy production and distribution cycle is at least a decade s away; Governments, domestic and foreign are increasingly offering new and different incentives to develop and utilize alternative clean energy solutions.
The ALGA team has spent the last six weeks analyzing and researching the most amenable markets to begin an aggressive outreach to U.S. corporations, local, county, state and federal government entities who are involved in energy acquisition for their projects while overseeing mandated long term cost reduction requirements that remain environmentally friendly. A key marketing tool to date for ALGA has been how harvested algae is collected from naturally reproduced environments or by using land that is not suitable for human or livestock agricultural production. The new marketing plan will now include algal fuels’ other attractive characteristics, i.e. they are grown with minimal impact on fresh water resources, they can be produced with fresh, ocean or wastewater, and they are biodegradable and relatively harmless to the environment if spilled.
As noted in its last press release dated October 24 2013, ALGA will continue in its efforts to fund the previously announced Algae Bio Diesel initiative in California and focus on other international clean energy initiatives and technologies. An investment funding drive is underway to develop the California project as well as several partnering opportunities that can provide parallel merger and acquisition industry consolidation. Domestically, the company has entered into a new round of talks with local, state and federal government planners who are legislatively required to develop new alternative clean energy solutions over the next few years. Outside the alternative engergy indsutry, an opportunity has been introduced via the development of a dry cleaning chain. Three foreign opportunities are being researched in Tunisia, Tanzania and Liberia, where fuel is needed to drive industry and economic growth and the development of environmentally friendly dry cleaning operations are being sought.
Mr. Bollen stated, “It has been a quick and fast paced six weeks, and while the sails are not yet completely unfurled, ALGA has left the dock and is underway. I am very happy with the marketing research and targeting strategy, the various levels of discussion with government and corporate officials interested in ALGA and its product, but most importantly the new opportunity to tie agriculture, industry and economic growth into more than one business opportunity. The introduction of our new network of global contacts in a variety of alternative industries has opened several doors, and it’s our job to now keep these doors propped open with our technology, products and our innovativeness. We will provide the best quality product and identify all opportunities to encourage investor confidence and create greater economic value for our shareholders.”
About Algae International Group Inc:
Algae International Group Inc. (ALGA) is a development stage public company to date focusing on renewable energy from the proprietary Biofuel from Algae that combines methane, CO2, fuel cells, nitrates, phosphates, and sunlight to remove biomass and create HRD and HRJ fuel. The Company is now expanding its clean energy market focus both regionally and technologically. For more info visit: www.algaeplanet.com
Safe Harbor Statement – This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ALGA does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Algae International Group Inc.
Ed Bollen, 469-718-5503