This is to any new people to the BLDV board. BLDV has NOT followed through on much of any of their plans. I'll post below where they said they are going to buy a sugar factory in Belize in 2006 and did nothing after making the announcement towards the actual buying of the plant. Every so often someone from BLDV will put out a post saying they are buying this or that. It's all fluff as they have followed through on none of it. Some might like you to believe that this company has legs but the company itself won't put out any pr's saying anything of the sort. They've not had an update since march of this year and as of today, they have followed through on none of that pr. Yet there are those on here that would have you believe that BLDV is going to do something very soon and have had that opinion since god knows when. Mind you though that BLDV has done nothing to support anyone's theories or idea's of how BLDV will act. And, according to previous posts, some say they have made contact with some people in BLDV but yet others can't make any kind of contact. Please take note that the only news about BLDV have come from individuals and nothing from the company at all. If you keep this in mind, about the company not putting out any kind of post in 4 months and that they have done nothing in 2 years to build any kind of plant or take one over, and if you keep in mind that the only info about the company, doesn't come from the company at all but comes from those that would like you to believe that BLDV will ever be anythiing other than a dog, then you too might save your money from this disaster of a company in my opinion and invest in one that really does respect it's stock holders.
To those that know me, good luck and God Bless.
Blue Diamond Ventures Inc. Initiates Purchase Negotiations of Libertad Sugar Factory Preceding Ethanol Facility Conversion
By: Aaron Reed
May. 1, 2006 11:20 AM
Digg This!
HOUSTON, TX -- (MARKET WIRE) -- 05/01/06 -- Blue Diamond Ventures Inc. (OTC: BLDV) announced today it has entered negotiations with the Belizean Government to purchase the closed Libertad Sugar Factory, with plans of converting it into an ethanol facility within a year.
Libertad Sugar Factory is located on the New River about 2 miles from the mouth of the Corozal Bay leading directly out to the Caribbean Sea. The factory resides in the center of the country's sugar cane production and was designed to accommodate both sugar cane juice and molasses prior to closing in 1985.
"The location will allow easy barging of our ethanol to the Port of Belize for overseas shipment," said Blue Diamond Ventures Chairman and CEO John Quincey Moaning, noting that ethanol can be imported to the United States duty free from the Caribbean under the Caribbean Basin Initiative (CBI). "Our engineers have indicated that it will be relatively simple to convert the plant to an ethanol production facility."
Blue Diamond plans to initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year (MGY) bio-diesel facility in Belize. The company anticipates using sugar cane and molasses as the main stock for the ethanol. The bio-diesel will be manufactured from vegetable oils such as soy beans, canola and palm and from animal fats processed at Blue Diamond facilities. As Belizean farmers grow more sugar cane in anticipation of selling it to the ethanol facility, Moaning envisions expanding to a 50 million gallon per year (MGY) facility.
Located in an economically depressed zone, Moaning said the Government of Belize would provide huge indirect subsidies such as tax abatements, customs, and duty exemptions for renovating and re-opening the Libertad facility.
About Blue Diamond Venutres, Inc.:
Blue Diamond Ventures, Inc. is an agriculture, bio fuels and commercial development company with operations in Belize and the U.S. The company recently announced plans to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world's most eaten meat throughout the U.S., Central America and the Caribbean. Blue Diamond will utilize 3,000 acres in Belize and 1,200 acres in Oklahoma for a goat ranch, research center and processing facility. Local farmers in Belize and Oklahoma, under a cooperative agreement with Blue Diamond Ventures, will raise the goats and process them at the company's facilities. Blue Diamond's business plan includes ethanol production, tilapia and shrimp aqua farming and raising thousands of acres of soybeans. The company is currently completing an audit to get listed on the NASDAQ Bulletin Board.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Blue Diamond Ventures, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Blue Diamond Ventures, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Blue Diamond Ventures, Inc.
Shareholders Contact Info:
MARKET IDEAS, INC.
ROBERT GASICH
1.877.295.3981 - EXT 1
MARTIN MCINTYRE
1.877.295.3981 - EXT 2
AI
