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Tuesday, June 26, 2007 4:10:17 PM
Treasury
NATCHEZ, MS, Jun 26, 2007 (MARKET WIRE via COMTEX) -- U.S. Sustainable Energy
Corp. (PINKSHEETS: USSE) announced today that the Company is retiring 225 million
shares of restricted common stock. The rescinding of the stock was adopted by a
written board resolution dated June 22, 2007.
John Rivera, CEO, stated, "The retiring of the shares is a major benefit for our
shareholders and the Company. The shares had been issued in expectation of
certain duties and services required under an agreement. The agreement became in
breach, and we moved quickly to protect our shareholders' interest."
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary new energy process that creates
three times more fuel per feedstock unit than any other biofuel process. The
company has engineered the first bio-renewable fuel able to serve as a
replacement to diesel, with none of the negative traits associated with
competitive green fuels. The USSEC biofuel is furthermore created at a nominal
cost as the byproduct of producing organic fertilizer from recycled waste
products, a discovery made during research into agricultural biomass now known as
the "Rivera Process." The technology offers a solution to foreign oil dependence,
significant reduction to the cost of electricity and ethanol production, and the
eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior
performance and low cost of the fertilizer, biogas and biofuel within bundled
plant operations, turnkey energy contracts, ethanol production, and other
critical applications that rely on energy as a major cost component. For more
information please visit http://www.ussec.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. When used in
this press release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking statements
contained herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks and
uncertainties. These include, but are not limited to, risks and uncertainties
associated with: the impact of economic, competitive and other factors affecting
the Company and its operations, markets, product, and distributor performance,
the impact on the national and local economies resulting from terrorist actions,
and U.S. actions subsequently; and other factors available from the Company.
Investor Contact:
Redwood Consultants, LLC
415-884-0348
SOURCE: U.S. Sustainable Energy Corp.
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