SCAM STARTED WITH Shareholder Update 2011
NORCROSS, GA, JULY 23, 2013 – VEGA BIOFUELS, INC. (Pink Sheets VGPR) provides the following update to its shareholders.
The first half of the year has been a very busy, yet exciting time for the Company. I am proud to report that the Company is stronger than ever. We have been concentrating on several projects and I want to give you a brief update on the progress we’ve made and let you know what we are doing now and where we are headed. I also want to thank everyone for their continued support. I know it is difficult when there is little news coming out, but I assure you that we are moving forward and reaching our short-term goals. By meeting these goals, we are now in a position to maximize the importance these things play in the Company’s long-term success. Please remember that “no” news, does not mean there is “bad” news. It just means that we are not in a position to make an announcement at that time.
We are in the process of forming an Investor Relations Department within the Company. We tried to utilize an outside source and it just didn’t work. I apologize for any inconvenience this may have caused anyone and I look forward to having you communicate directly with the Company as we move forward. The Company is the “only” true source for information.
While we continue to move forward with our South Georgia manufacturing plant, we are also working with a Joint Venture partner to build a pilot-type torrefaction plant in South Carolina that would compliment the plant in Georgia. We are very excited about this project and what it will mean to the Company. In addition to bio-coal, there are other applications for torrefied products and the South Carolina plant would concentrate on those applications. We will have more information about this project as we move forward.
Testing on our bio-coal product has gone very well. We are now producing a larger quantity of product to be tested directly in our client’s coal-fired power plant. We look forward to the results of that testing and will share that information with you once it’s completed. Bio-coal made from black torrefied wood chips proved that bio-coal could be co-fired together with fossil coal in an existing coal-fired power plant with no need for modification or investment to the existing power plant. Torrefaction is gaining popularity and this is why we believe that our bio-coal product will help revolutionize the energy business around the world.
We have entertained international clients and demonstrated the torrefaction machine and process. They have been able to see green wood chips being fed into the machine and torrefied chips coming out the other end. It is exciting to watch the entire process, knowing that it could one day change the way the world produces energy. I have a few samples and would be happy to share them with you if you contact me through our website and give me your address.
Europe continues to be the focus of
Item I Exact name of the issuer and the address of its principal executive office Vega Biofuels, Inc. 6-10 to present Vega Promotional Systems, Inc. 9-09 to 6-10 Natural Fuels Industries, Inc. 2-09 to 9-09
The address of the company’s principal executive offices. P.O. Box 922395, Norcross, GA 30010 Phone: 800-481-0186 Fax: 866-421-1216 Website: www.vegabiofuels.com
Person responsible for the company’s investor relations: The management staff
Item 2 Shares Outstanding
Common Shares Authorized: 50,000,000,000 Common Shares outstanding: 6,354,522,195 Public Float: 4,352,465,800 Common Shareholders of Record: 781 Preferred A Authorized: 10,000,000 Preferred A Outstanding: 1 Preferred B Authorized: 90,000,000 Preferred B Outstanding: 779,221 Preferred C Authorized: 20,000,000 Preferred C Outstanding: 0
