| CHARLOTTE, N.C., Jan. 19, 2012 (GLOBE NEWSWIRE) -- Remodel Auction (Pink Sheets:REMD), announced today FINRA approved its name and symbol change to North Carolina Natural Energy, Inc. (Pink Sheets:NCNE) to reflect the company's expansion into the alternative renewable energy business. North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy, agriculture, and livestock. Forward Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events. CONTACT: Clinton F. Walker CEO (704) 965-7520 Fax: (208) 545-9663
Source: North Carolina Natural Energy, Inc.
Date: March 29, 2012 10:49 ET | North Carolina Natural Energy, Inc. Enters Into Agreement With Specialty Chemical Advisor | | CHARLOTTE, N.C., March 29, 2012 (GLOBE NEWSWIRE) -- North Carolina Natural Energy, Inc. (OTC:NCNE), announced today it entered into an agreement with Howard Virkler, owner of Process Innovation, a 170,000 square foot chemical factory on 20 acres owned by Virkler Realty Company. Under the agreement, Mr. Virkler will assist North Carolina Natural Energy with research and development for a separate manufacturing agreement with Process Innovation to make biofuels and develop other markets for biomass materials. Mr. Virkler has 50 years of experience in manufacturing specialty chemicals, located at 12345 Steele Creek Road in Charlotte, North Carolina. The US Environmental Protection Agency is responsible for developing and implementing regulations to ensure that transportation fuel sold in the US contains a minimum of renewable fuel. The Renewable Fuel Standard (RFS) program increased the volume of renewable fuel required to be blended into transportation fuel from 9 billion gallons in 2008 to 36 billion gallons by 2022. Process Innovation (PI) has capacity to manufacture more than 200,000,000 pounds of chemistry annually. All reactors are 316 stainless steel and all storage tanks, weigh tanks, transfer lines and blending vessels are 304 stainless steel. Process Innovation has 600 HP of steam power and 4,000,000 BTU's of hot oil capacity as well as cooling tower and chiller for cooling and ample instrument quality air to operate automated air valves, positive displacement air pumps air reservoirs for cleaning production equipment and product transfer lines. PI has six reactors ranging in size from 15 gallons to 10,000 gallons. Four of these reactors are rated for 100 lbs of internal pressure and equipped with condensers and vacuum. The 5,000 and 10,000 gallon reactors are rated for 5 pounds internal pressure. All reactors are equipped with reflux columns, condensers and collectors. PI has 23 mixing vessels ranging in size from 5 gallons to 6,000 gallons, 75 bulk storage tanks and a 70,000 lb truck scale for efficient weighing of incoming and outgoing bulk shipments. PI has 5 large machines for powder blending and 120,000 square feet of heated warehouse space. PI has a 10,000 pound per square inch homogenizer and other particle size reduction apparatuses. All productions areas are wired Class 1, Div 1 explosion proof and the total facility is constructed as a Highly Protected Risk, all construction materials are non combustible, which enables insurance coverage at 20% of industry standards for Chemical factories. http://www.proinnovate.us North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy and innovative green products for agriculture, and livestock. Forward Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events. CONTACT: Clinton F. Walker CEO PHONE: (704) 965-7520 | Source: North Carolina Natural Energy, Inc.
Date: March 30, 2012 09:00 ET | North Carolina Natural Energy, Inc. Appoints New Accountants | | CHARLOTTE, N.C., March 30, 2012 (GLOBE NEWSWIRE) -- North Carolina Natural Energy, Inc. (OTC:NCNE), announced today it appointed Brad Hacker and Company, P.A., a firm of accountants and CPAs located in Ft. Lauderdale, Florida, providing industry-focused tax, audit, accounting, CFO/Controllership and consulting services. Mr. Hacker has facilitated over $60,000,000 in funding for small to mid size corporations like North Carolina Natural Energy. Mr. Brad Hacker, founder of the accounting firm, will be advising NCNE on internal controls and accounting procedures as well as assisting preparation of the financial statements required to report to investors. Currently Mr. Hacker serves as in house accountant and Chief Financial Officer for Sierra Resource Group Inc. Previously he was a partner at Kramer Weisman & Associates from 2005 until 2009. During this period of time he also served as chief financial officer of XTX Energy Inc., as interim principal accounting officer of Imperiali, Inc., and as both chief financial officer and a director of Brampton Crest International Inc. From 2002-2004 he served as chief financial officer of Charter Schools USA. Mr. Hacker received his BA in Business from the University of Texas at Austin (the Red McCombs School of Business) in 1981. Brad Hacker and Company, P.A. is an accounting firm specializing in CFO services and financial consulting for small and mid-size businesses both public and private. Their services are designed to help executives run their business and provide solutions for accounting, finance, controller services, audit preparation, taxes, analytical financial review, investor presentations, Securities Act Filings, Sarbanes Oxley Compliance, mergers, cost controls analysis, internal audits, and litigation support. North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy, agriculture, and livestock. www.ncnaturalenergy.com Forward Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events. CONTACT: Clinton F. Walker CEO PHONE: (704) 965-7520 | Source: North Carolina Natural Energy, Inc.
Date: June 11, 2012 06:00 ET | North Carolina Natural Energy, Inc. Enters Into Agreement to Acquire Stake in Biomass Distributor | | CHARLOTTE, N.C., June 11, 2012 (GLOBE NEWSWIRE) -- North Carolina Natural Energy, Inc. (OTC:NCNE), announced today it executed a letter of intent to acquire 40% ownership interest in Construction Management Institute ("CMI") of Belfast, Maine to participate in and help manage distribution of biomass wood chip materials. Closing of the acquisition is subject to completion of final due diligence with terms and conditions being agreed upon by both parties. Of the $174,000,000 in wood biomass being sold initially under the three year contract, CMI will receive revenue of $7,200,000 and NCNE will receive revenue of $2,900,000 over three years or $984,000 per year. In addition to CMI negotiations with forest owners in Maine and Florida, according to the US Department of Agriculture, catastrophic events such as hurricanes can damage tens of billions of board feet of timber in a single storm that is left to rot or dumped in landfills. Direct Combustion of the unprocessed mix of coarse chips of bark and wood fiber called "Hog Fuel" is being utilized for wood biomass and even exported under contract. Construction Management Institute is a US based corporation credited with successful business development and facilitation of both US domestic and internationally based commercial transactions including a $1.5 BB reconstruction program for rebuilding Haiti, construction management and general construction contracts in excess of $1 BB and involved in multi-national aggregating and wholesale activity, associated with Biomass materials harvested in the US and abroad, for electricity and power generation clientele in the European market. www.constructionmanagementinstitute.org North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy and innovative green products for agriculture, and livestock. www.ncnaturalenergy.com Forward Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events. CONTACT: Clinton F. Walker CEO PHONE: (704) 965-7520 | Source: North Carolina Natural Energy, Inc.
Date: June 11, 2012 11:00 ET | North Carolina Natural Energy Announces Shareholder Update | | CHARLOTTE, N.C., June 11, 2012 (GLOBE NEWSWIRE) -- North Carolina Natural Energy, Inc. (OTC: NCNE), announced today in furtherance of its business plan to strategically diversify into clean energy, it is in active negotiations with several established companies to provide a foundation for growth in key alternative energy sectors. Numerous transactions are in various stages of development, negotiations, closing and integration that we anticipate would have significant positive contributions to the Company's bottom line. The U.S. Government is trying to meet the challenge of growing energy needs by promoting renewable energy resources with incentives and mandates including federal Renewable Fuel Standards, production and tax credits and state government Renewable Portfolio Standards. According to Boulder, CO based Pike Research, due to energy security, climate shifts, and economic change, at least 38 national governments throughout the world have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. Pike Research further indicates that wind energy installation costs in the United States will total more than $125 billion between 2011 and 2017, capturing 15% of the global market during that period. North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy, agriculture, and livestock. Forward Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events CONTACT: Clinton F. Walker CEO PHONE: (704) 965-7520 FAX: (208) 545-9663 | |