U.S. Sustainable Energy Corp., A Mississippi Corporation, Announces Reverse Merger With Laforza Automobiles Inc.
Wednesday October 11, 8:30 am ET
NATCHEZ, MS--(MARKET WIRE)--Oct 11, 2006 -- U.S. Sustainable Energy Corp., A Mississippi Corporation ("US Sustainable," "USSEC" or "the Company") announced today that it has executed and completed a binding definitive agreement providing for USSEC's reverse acquisition of Laforza Automobiles Inc. "LFZA" (Other OTC:LFZA.PK - News). Pending shareholder approvals and customary processes, the company expects to change its name to U.S. Sustainable Energy Corp and immediately request a new ticker symbol reflective of the new business.
John Rivera, CEO of U.S. Sustainable Energy Corp "USSEC," stated, "We are extremely pleased to announce our entry into the public marketplace. After searching for the best vehicle to go public, we ultimately decided to complete this transaction with LFZA. USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/ gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. Our research and development has successfully demonstrated the core technology in our fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations."
Commenting further, Mr. Rivera stated, "Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered."
Andrew S. Austin, interim director of LFZA specializing in corporate turnarounds and management acquisitions, commented that "USSEC's business model and intellectual properties are outstanding opportunities to return value to Laforza's shareholders." Mr. Austin also cited USSEC's intellectual properties and strategic plans as "comprehensive, organized and structurally sound," adding that "the USSEC proprietary processes have revolutionary implications on not just lessening the United States' dependency on fossil fuel, but also providing an efficient energy model for multiple applications facilitating broad positive economic benefits to other sectors of the United States economy like farming."
For further information on the company, please visit www.ussec.us
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
Contact:
For further information please contact:
Redwood Consultants, LLC
415-884-0348
Email Contact
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Source: U.S. Sustainable Energy Corp.
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US Sustainable Energy Corporation Announces Update on CyberCare's Plan of Reorganization
Tuesday July 25, 3:22 pm ET
Shares Halted in Anticipation of Merger & Restructuring Completion
TAMPA, FL--(MARKET WIRE)--Jul 25, 2006 -- In connection with its proposed merger with CyberCare, Inc. ("CyberCare") (Other OTC:CYBR.PK - News), US Sustainable Energy Corporation ("US Sustainable" or "the Company") announced today that CyberCare will apply to resume trading in its stock after completion of its bankruptcy case. Confirmation of CyberCare's Plan of Reorganization ("Plan") is currently scheduled for August 16, 2006, postponed from July 25, 2006, as previously announced on June 27, 2006. Following confirmation of its bankruptcy Plan, CyberCare will change its name and apply for a new trading symbol. The Company expects to close the merger transaction with CyberCare within 10 to 12 business days after confirmation.
As part of its plan, CyberCare also proposes a 1 for 10 reverse split of its outstanding common stock. Under the Plan, CyberCare will also issue 100 million restricted shares for the acquisition of US Sustainable Energy Corporation. Upon effecting the restructuring of CyberCare, the Company will re-issue the reversed CYBR shares, as well as the 100 million shares of restricted stock issued for the acquisition under the new symbol with the new company name, US Sustainable Energy Corporation.
The Company's technologies are expected to include the rights to the certain patents and intellectual property currently contained in EarthFirst Technologies, Inc. (OTC BB:EFTI.OB - News). Under EarthFirst's previously announced planned merger with Cast-Crete Corporation, EarthFirst/Cast-Crete will become the co-proponent of the Plan of Reorganization of CyberCare. After the merger with Cast-Crete and CyberCare's emergence from reorganization, EarthFirst/Cast-Crete intends to combine the existing energy technologies with CyberCare's technology assets. The surviving entity will be known as U.S. Sustainable Energy Corporation (WWW.USSEC.US).
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
Contact:
CONTACT:
Redwood Consultants, LLC
415-884-0348
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Source: U.S. Sustainable Energy Corp |
