Replies to post #17903 on Renuen Corp. (RENU)

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News for 'RENU' - (RenuEn Corporation Announces Substantial Retirement of Common Stock)


ST. CLOUD, FL, Nov 06, 2012 (MARKETWIRE via COMTEX) -- RenuEn Corporation
(PINKSHEETS: RENU), a Power Project Development company, announces the
retirement of 301,856,000 shares of common stock that were previously held by
the former CEO James Scott. The stock has been returned to the company and will
go into Treasury.

Don Wood, CEO of RenuEn, states: "James has graciously returned his shares as he
felt that since he was not going to be responsible for the future growth
prospects of the company, he couldn't in good conscious keep his stock."

Mr. Wood further states, "I am adamantly focused on the corporate structure of
RENU and will continue to keep ensuring the shareholders are properly positioned
in our company. James' voluntary relinquishment goes a very long way in
achieving this goal. Now that we are moving the St. Cloud Project rapidly
forward we can set our sights on releasing the financials."

About RenuEn Corporation

RenuEn Corporation is a Power Project Development company. The company focuses
on Landfill Compressed Natural Gas capture and International Renewable Power
projects.

Safe Harbor Statement This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These forward-looking statements are
based on the current plans and expectations of management and are subject to a
number of uncertainties and risks that could significantly affect the company's
current plans and expectations, as well as future results of operations and
financial condition. A more extensive listing of risks and factors that may
affect the company's business prospects and cause actual results to differ
materially from those described in the forward-looking statements can be found
in the reports and other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.





Contact:

Contact and Inquiries for Investor Relations:



Michael Irving

Paramount Advisors, LLC

407-878-5462

[e-mail]





SOURCE: RenuEn Corp




CONTACT: mailto:[e-mail]




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