VGYI news
VISION ENERGY GROUP NEW (U-VGYI) - News Release
Vision Energy Group, Inc. Commissions Biodiesel Feasibility Report
2006-08-01 19:55 ET - News Release
LOS ANGELES -- (Business Wire) -- Aug. 1, 2006
The Board of Vision Energy Group, Inc. (Pink
Sheets:VGYI) has engaged The Affordable Energy Group Inc. of San Diego
to carry out a detailed financial feasibility study on their proposed
Biodiesel Production facility in the Fresno district of the Central
Valley in California.
This final step, before committing substantial capital to the
Project, follows several months of investigation and research into the
market for the high quality B100 that will be produced and to identify
the most suitable plant site that is available.
Initially, plant production will be approximately 7,000,000
gallons per annum with an ultimate annual target of 50,000,000 gallons
from this site.
Various sources of plant oil feedstock for the expanded production
are being considered including soybean oil, cottonseed oil, rapeseed
oil and residue pulp from winemaking.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release that are
not historical, are forward-looking statements that are subject to
risks and uncertainties that could cause results to differ materially
from those expressed in the forward-looking statements, including but
not limited to, certain delays and risks detailed from time to time in
the company's filings with the Securities and Exchange Commission.
Contacts:
Vision Energy Group, Inc.
Matt Wyrick, 310-821-2244
