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Wednesday, January 22, 2020 9:44:30 AM
"As we complete our current reorganization, we have been in discussions with potential acquisition partners that would help the Company move forward and bring added value to our shareholders," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "Current discussions center on companies within our industry that have existing operations and revenue. We will provide updates as this process continues."
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal and a soil enhancement cailed Biochar, both made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions. For more information, please visit the Company's website at vegabiofuels.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 2lE of the Securities Exchange Act of 1934, as amended. In some cases, you can identififorward-looking statements by thefollowingwords: "anticipate," "believe," "continue," "coltld," "estimate," "expect," "intend," "ma/," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminologt, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee offuture performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved- ForwardJooking statements are based on information avsilable at the time the statements are made and involve lcnown and unknown risks, uncertainty and other .factors that may cause our results, levels of activity, performance or achievements to be materially dffirentfrom the information expressed or implied by theforward-looking statements in tltis press release
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