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News for 'EXPT' - (Rough ride for bio-fuel options)
NEW DELHI, Jun 16, 2008 (Hindustan Times - McClatchy-Tribune Information Services via COMTEX) -- India's desire to overcome fuel shortage through alternative energy sources may not see a smooth ride.
In a draft report on bio-fuels, a Planning Commission Expert Group has said India does not have adequate quantities of ethanol for blending it with petrol even at 5 per cent levels.
In its draft report to a Group of Minsters (GoM) on biofuels the Plan panel's expert group has said, "While availability of molasses is adequate, surplus ethanol available for blending with petrol is not there. This is primarily because the demand for ethanol to be converted into potable alcohol in the country is very huge."
The government had planned to introduce mandatory 10 per cent ethanol blended petrol from October this year, but both the automobile and oil industry has also expressed reservations about the roadmap.
Presently, 5 per cent ethanol blending is mandatory across the country, except Jammu & Kashmir, northeastern states and island territories. India is the world's second largest producer of sugar after Brazil. Ethanol, India is produced from molasses, a sugar by-product.
The GoM, headed by Agriculture Minister Sharad Pawar, is confabulating on a national biofuels policy and establishing a biofuels mission.
Citing reasons for short supply of ethanol, the Expert Group, which was constituted in 2006, pointed out that states restrict free movement of molasses leading to ethanol shortage to promote potable liquor production within the state.
The other reason for inadequate availability of ethanol is because of the fact that domestic molasses remains the cheapest option for the liquor industry as ethanol imported for potable purposes attracts very high customs duty making imports unviable.
Tata Motors managing director and president of Society of Indian Automobile Manufacturers (SIAM) Ravi Kant had shot of a letter last year to the government indicating that the higher blend would impact vehicles designed before 2002 and reduce fuel efficiency.
"We would like to bring to your notice that a 10 per cent ethanol blended petrol (E10), unlike 5 per cent blend would impact vehicle performance, if the percentage of ethanol varies significantly," Kant said in a letter to the ministry of shipping, road transport and highways.
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Copyright (C) 2008 Hindustan Times, New Delhi
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News for 'EXPT' - (Expert Group, Inc. (EXPT) Obtains Current Information Status With PinkSheets.com)
MIAMI, FL, Jun 18, 2008 (MARKET WIRE via COMTEX) -- Expert Group, Inc. (PINKSHEETS: EXPT) announces today that the company has met the necessary disclosure criterion, receiving a "CURRENT INFORMATION" status with PINKSHEETS.COM.
The company filed necessary financials and other corporate information with PINKSHEETS, which provides transparent information about the Company and its business on-goings. The Company will continue to adhere to these transparency requirements to maintain itself as a "CURRENT INFORMATION" tier quoted entity; see: http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp
Robert Rico, EXPT CEO, stated, "We have achieved our goal of reaching PS status; we will now follow this becoming a reporting issuer with SEC, and moving on to a different exchange. We believe this will help us become a nation lender. This 'CURRENT INFORMATION' Tier quoted status will help the company attract new investors, new vendors and others who can now, with ease, complete due diligence on EXPERT GROUP."
Please visit our website at www.expertfinancing.net
www.expertcreditfixusa.com
ABOUT EXPERT GROUP, INC.
Expert Group, Inc. is a diversified financial service company, which markets a variety of financial products and services through Expert Financing & Investments, Expert Group Title Services and Expert Credit Fix U.S.A. Expert is licensed by the department of Financial Regulations and a member of FAMB, and since inception Expert has originated over 100 million in real estate loans.
ABOUT EXPERT FINANCING
Expert financing offers up to date loan programs tailored to fit all borrowers' needs. The company specializes in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans, jumbo loans, no income verification loans, commercial loans, small business debenture loans, foreign national loans, construction loans for residential and commercial purposes from re-habilitation projects to new construction; the company also offers loans for purchases, refinances, home equity line of credit and line of credit for commercial property. At Expert Financing an Expert Loan Officer can help you in finding the best Loan for your needs. Our group of professional loan experts speaks your language, including, Spanish, Russian, Portuguese, French, Italian, Hebrew and Creole.
ABOUT EXPERT CREDIT FIX U.S.A.
Expert Credit Fix U.S.A. is ahead of the game, assisting borrowers with less then perfect credit to fulfill their dream of home ownership. The company offers different levels of credit restoration service to best fit each borrower's needs. The service packages are tailored to service borrower with minor credit issues like excess inquiries to more challenging credit issues like bankruptcies or even foreclosures. Expert Credit Fix U.S.A. will help borrowers to restore their credit to a level where lenders will grant them credit and at a low interest rate.
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
Real Estate and Construction:Residential Real Estate
Financial Services:Retail Banking
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