Yesterday news: Zenergy International, Inc. Anticipates 2010 Annual Revenues to Exceed $12 Million
CHICAGO, IL -- (Marketwire) -- 01/06/10 --
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
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