For Immediate release
London, UK, November 14,2012:
Compass Energy PLC. and its directors are pleased to announce the company has taken over Algae Fuels PLC. and has changed its name to Algae Fuels PLC and ticker symbol ALGE.
About Algae Fuels PLC.
Algae Fuels Plc. is a London Based Biofuels Producer, traded on GXG Markets (ticker symbol: ALGE) which has developed highly specialized processes and systems to produce high yield, predictable, reliable, scalable, and sustainable algae oil, algal biomass, residual biomass, and biofuels.
Algae Fuels Plc. owns Algae Farm™ and Algapond™ a proprietary (closed) indoor fully-integrated algae development system, which allows for the consistent production of algal biomass, algae oil and residual biomass for commercial use.
Currently, the leading producers of Algal Biomass utilize outdoor systems of ponds each of which can be up to 1,000,000 gallons large, covering almost an entire acre. The most efficient of these outdoor systems are able to produce approximately 150,000 pounds of Algal Biomass per year (per acre). Although effective, these systems are not necessarily consistent or efficient as they rely heavily on water and temperature, which can be difficult to control given the unpredictability of weather. In addition, our indoor Algapond™ system enables us to produce in excess of 10 times the Algal Biomass than the outdoor system using the same amount of space. The average outdoor pond used 1,000,000 gallons of water, while we can achieve this with only 90,000 gallons.
The Algapond™ system is versatile and will also allow us to extract the Algae Oil from the Algal Biomass resulting in both sellable Algal Oil and Residual Biomass.
About GXG Markets UK
GXG Markets UK, London OTC Exchange, is a dedicated UK market operation offering the full range of its market and trading solutions to SMEs within the UK.GXG Markets operates a Regulated Market that delivers an efficient and transparent trading platform specifically designed to meet the needs of small- and micro-cap companies offering “new ways” in IPO’s and Capital Markets.
About Antevorta Capital Partners
Antevorta Capital Partners is a designated corporate advisor on the GXG UK Exchange and offers one-stop financial service solutions. We have experienced professionals with the necessary skills, market exposure and know how about overseas exchange venues to assist potential clients in every aspect of the IPO process, at home and abroad.
Cautionary Note Regarding Forward-looking Statements.
Certain statements contained in this news release may constitute forward-looking information, within the meaning of UK securities laws. Forward-looking information may relate to this news release and other matters identified in the Company’s public filings, Forward-looking information and anticipated events or results and can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.
Neither the GXG Markets UK nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information please go to www.antevortacapital.com
Or contact the company at email@example.com.