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Reducing the burden and impact is the result of the Attis joint venture using JV as the vehicle. MHO.
added the site of Attis posting:
Attis Industries Looks to Expand Production and Add Approximately $160M in Revenues with Recent Acquisition
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March 04, 2019 12:38 ET | Source: Attis Industries, Inc.
Management Aims to Setup a World-Class Green Tech Campus in New York
The Company aims to harness their proprietary technology through multiple biomass processing facilities to cater to the rising demand of ethanol, carbon fibre, and other products.
MILTON, GA, March 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Attis Industries (ATIS) took its first big step in the field of renewable energy when the Company acquired the ethanol production facility of Sunoco LP in Fulton, New York. Through its renewable energy vertical known as Attis Innovations, the company is working towards disrupting the fossil fuel industry by revolutionizing the processing of biomass in order to sustainably produce ethanol and other bi-products. Attis Innovations not only seeks to achieve cost advantage and profitability with their novel technologies, but to also preserve the environment via their ongoing efforts to create shared value for stakeholders. The recently acquired Fulton plant currently has the capability to produce 85 million gallons of ethanol and other products like CO2, dried distilled grains, and corn oil.
The output of the Fulton plant represents Attis potentially adding over $160 million in revenues based on the following projections:
· 85 Million gallons of Ethanol @ ~ $1.39 = $118,150,000
· 350 Million pounds (175,000 TONS) of CO2 @ $10 per ton = $1,750,000
· 480 Million pounds of Dried Distilled Grains @ $0.08 per pound = $38,400,000
· 1.5M Gallons of Corn Oil @ $1.73 per gallon = $2,600,000
Attis’ acquisition journey has just commenced and the management team, led by CEO Jeffery Cosman, intends to purchase additional land of approximately 300 to 400 acres near the current 134-acre Fulton facility with the goal of building a world-class green tech campus. The additional land will be used for setting up a biodiesel plant that can use the corn extract produced as a bi-product from the ethanol facility to create biodiesel. The Company also plans to establish a bio-refinery within the same campus, which will effectively result in the creation of more than 300 jobs. As of today, the management team is working towards streamlining processes and eliminating bottlenecks within the ethanol facility, which is expected to increase the output of the plant by about 20% and enable the plant to produce around 100 million gallons of ethanol each year; an increase of 15 million gallons of ethanol, which represents a projection of an additional $20 million plus of revenue. Over a long-term horizon, the management also plans to add a solar project and a wind energy project near the same site.
The operations facilities of Attis Innovations are expected to be geographically diversified as the management intends to set up or acquire additional ethanol plants in other US states such as Georgia, Florida, and South Carolina over the next two years. The Company is also looking at international expansion through strategic partnerships with companies in various countries such as Malaysia, Indonesia, Philippines, Brazil, UK, Argentina, and Canada.
The research and development activity of Attis is in full swing, as there are a number of potential patents in the development pipeline. The Company anticipates a very strong opportunity in the carbon fibre market, which Attis can enter through the use of its proprietary technology to extract better cellulosic value as well as lignin from biomass. The company is developing the capability to produce high-quality carbon fibre with a good tensile strength through the lignin extracted through biomass processing. Being significantly lighter and stronger than steel, carbon fibre has immense application in the automobile, aeronautical, and aerospace industries.
CEO Jeff Cosman notes, “Having a significant cost advantage with respect to the production of carbon fibre through biomass is not the only benefit of Attis’ technology. We are able to produce high-quality carbon fibre without releasing more carbon into the atmosphere unlike fossil fuels. Our ways are not only more cost-effective but also more beneficial to the environment.”
For more details, please visit https://smallcapsdaily.com/attis-industries-investing-in-a-sustainable-future/
About Attis Industries
Attis Industries Inc. is based in Milton, GA, a suburb of Atlanta. Attis is a holding company focused on advancing businesses that developing technology with the potential to bring about transformative change. The company is run by CEO Jeff Cosman, a former professional baseball player drafted by the New York Mets who has gone on to be a leading executive in the waste management, healthcare, and telecommunications industries. Attis divested its waste management services business to private equity firm Warren Equity at an enterprise value of over $100 million and operates two core business units today: Attis Innovations and Attis Healthcare. Attis Innovations has a highly differentiated approach to biomass processing that is centered around cost-efficiently harnessing the potential of cellulose and lignin for the creation of high value bio-based products. Attis Healthcare offers a suite of laboratory testing and therapeutic solutions provided to more than 200 pharmacies, clinics, hospitals, and healthcare providers across the United States.
Important Cautions Regarding Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release may include statements related to our strategic focus, product verticals, anticipated revenue, and profitability. The Company assumes no obligation to update the cautionary information in this release.
Kevin McGrath
2123899782 ext. 101
When Attis first posted their purchasing of the Sunoco plant it was said to be able to produce ethanol at a cost of $1.39 per gallon. All ethanol plants have different cost bases. The only way to get any idea of profitability is to watch ethanol futures prices. GLTU
App-Swarm ls a small app developers company, but very active in several markets. Could be a promising business venture for RJDG. Give it a year or two see what results from the partnership. GLTA.
Thanks Slash. That was my understanding until I read previous posts. It did have me a bit concerned.
They must have done that recently? I bought my shares through Schwab.
If I remember the procedure properly, you can’t take the laptop into the federal building:).. so a quick jog to the
Parking garage is in order. Well a dead run maybe. GLTU.
Thanks for posting that information, appreciated it.
I have enjoyed the professional approach from several of you young folks. Keep it up! GLTA.
Why is it a scam? Please provide a link!
HW, by chance do you plan to be at the share holders meeting when it occurs?
You’re name will be on a table placard as will ours. Just curious.
“ He didn’t get his cake and eat it too “ His Oregon trial is in November and he has to be at GreenShifts appeal in December. That’s pushing and jamming him for time, gives him his desired schedule to be able to service both clients. He will have to be delegate some responsibilities.
If your so upset HW why don’t sell out and remove the torment and personal suffering?
I have read articles of traders who had psychiatric counseling because of bad trades and lousy business outcomes. Practically all of the therapists recommended the selling out of their position and take a break!
Try it! GLTU.
Actually the suspense and potential of not filing may help the stock price.
Buy the rumor sell the news could work here. Just my humble opinion. GLTA.
The Summer Quarter ends August 31st. I have searched for information on business activity in OK. Construction anyway and have not found anything yet. My assumption is that Silex will have a strong revenue steam again and much better this ending quarter and this November.
Looking for help from the other two business holdings of RJDG. They are due for a positive contribution. The desire for a contributing acquisition is also expected. Ron Brewer has the “ monkey on his back “ to produce.
Good luck to him on coming up with tangibles to complete a great season.
If it takes ten years there will be no ice in Alaska!
Well said young man! The effort put forth is in the balance sheets.
Summer time! Construction at its fullest! This Q2 and Q3 should be good if not great for Silex. Economic conditions still holding well. I’m still positive minded. GLTA
2 Trades 1mm shares, nice!
Thanks for getting back with me Slash. I have a distant family member injured in a motorcycle accident. He was
Taking several different drugs for pain and swelling. CBD oil helped immensely and helped get him off the drugs. With that information I’m more convinced of positive results in some uses of CBD oil. GLTU
check on your use of VWAP as a tool:
https://www.investopedia.com/terms/v/vwap.asp
There maybe more to this than meets the eye. I would wait a short while to see what happens. Like a couple of weeks maybe? Take care and happy 4th of July USA.
Check out this site:
How Patents Impact Share Prices Of Companies.
greyb.com September 13, 2017 GLTU
Is this water extraction method a GERS developed method?
Your example is the only way GERS would escape a catastrophe with its PPS. KK has the correct approach at this. It keeps the hyenas at bay until GERS and ATIS file. Until then hang tight and swat the pesky flies away.
I'm hoping, Since its Summer and construction is busy at this time of year maybe Silex will have good revenues?
Ok! will you sell out when the PPS rests at $0.10? I believe we have been here before.
Slash, your getting slow! Illinois news?
Don't look for the bickering to stop or slow until the Appeals court reaches a conclusion. That hasn't commenced as of yet.GLTU
I strongly suspect Greenshift already has their filings updated, but will wait for the best time to post them. I also believe Greenshift is already in or beginning the entry into Cannabis extraction. There are too many hints and coincidental activities that suggest those facts. GLTA
Well said!
No intent to be a pain, but that is .4% not 4%. Good luck.
In respect to a possible dilution of GERS shares look at what happened to RJDG shares yesterday. A major holder of the shares is accused of selling off their large holdings. Attempting to do so in one day!
I would have to wait to see if the float has jumped up for assurances the CEO has diluted. I’m also looking for an announcement...maybe? This is bizarre as you have said seems somethings up?
He ( Brewer ) May need money for another purchase?
It would have been nice to have gotten in at these prices!
An accusation by a poster awhile back mentioned HW as one of the possible creditors. It is plausible!
Awfully quite on the Appeals court front. Seems ominous hopefully good news coming?
If one of PRs follows through that may open the door for more positive expectations for RJDG? My opinion.
I’m looking for $0.10 for a two day spike? Good luck.