Over The Counter Stocks

[Mick Dodge]

$XTRM
TEMECULA, CA / ACCESSWIRE / April 10, 2015 / Extreme Biodiesel Inc. (XTRM) announced that California Governor Jerry Brown recently imposed mandatory water restrictions for the first time on residents, businesses and farms, ordering cities and towns in California to reduce usage by 25%.

"We're in a new era," Brown stated. "The idea of your nice little green grass getting lots of water every day, that's going to be a thing of the past."

The 25% cut in usage amounts to roughly 1.5 million acre-feet of water over the next nine months, state officials said.

"This historic drought demands unprecedented action," Brown said, standing on a patch of dry, brown grass in the Sierra Nevada mountains that is typically blanketed by up to 5 feet of snow.

The reduction in water use does not apply to the agriculture industry, except for the requirement that it report more information on its groundwater use. The exclusion prompted some criticism, as agriculture uses about 80% of California's developed water supply.

The action comes as the Sierra Nevada snowpack, which Californians rely on heavily during the summer for their water needs, is at record lows.

Joeseph Spadafore, President of Extreme Biodiesel stated, "Extreme has been preparing for the drought for sometime now. XTRM has been on a waiting list for a well for several months and restrictions to drilling stalled the Company's development of its Hemp to Biodiesel project, but we have just turned a corner. The Drilling Company "Daugherty Pump and Drilling" has recently been able to pull the required permit to start the well and we anticipate being able to ramp up construction efforts on our land project very soon. Because of our early efforts to seek a well, the Company feels it should not be affected by the restrictions recently imposed by Gov. Brown."