Zenergy International, Inc. Anticipates 2010 Annual Revenues toExceed $12 Million
Jan 6, 2010 12:10:39 (ET)
CHICAGO, IL, Jan 06, 2010 (MARKETWIRE via COMTEX) -- 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.
About Zenergy International, Inc.
Zenergy International, Inc. is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws. The Company strives to minimize overall environmental impact. Zenergy is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants. Please visit our website at www.ZenergyIntl.com for more information.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC.
For more information visit our website at
www.ZenergyIntl.com
Contact:
Investor Relations:
Gibraltan Financial
(407) 830-9777
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