NEWS! Preliminary Discussions On BG100
Sustainable Power Corp. Commences Preliminary Discussions on Commercialization of Biogasoline
Thursday October 4, 12:44 pm ET
Topics Include Potential Financing Structures for Plants and Equipment, Geographic Plant Locations, and Sale Contracts for Sustainable Power Corp's Product Lines
NATCHEZ, MS--(MARKET WIRE)--Oct 4, 2007 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News), an international green energy service provider focused on environmentally safe power generation, today announced that it is engaged in preliminary discussions with undisclosed parties focused on the commercialization of its revolutionary biogasoline product (referred to by SSTP as "BG100"). In addition to BG100, preliminary discussions are on-going regarding the Company's other breakthrough "green" products developed and proven to be direct replacements for conventional petroleum products.
AmSpec Services, LLC (www.amspecllc.com) has previously stated that they have witnessed SSTP's production of liquid oil, gas and carbon fertilizer from soybeans in their Natchez, MS facility. AmSpec secured representative samples of these products for its own testing in its Houston laboratory. While maintaining a full chain of custody of the products, AmSpec tested our "biogasoline" (BG100), marine fuel, and a replacement for gasoline-E85 flex fuel from SSTP's oil. It is these results that have led SSTP to feel confident in making the statement that they do in fact have "green" replacements for many conventional petroleum-based products currently in use today.
Discussions to date have been comprehensive, entailing potential financing structures for the plants and equipment, geographic plant locations, and the ultimate sale contracts for Sustainable Power Corp's product lines. While the discussions should be considered preliminary, initial feedback is encouraging and talks remain ongoing.
Keith Mazer, President of Sustainable Power Corp., stated, "We're pleased to have attracted the attention of what we view as some very credible parties displaying interest in our planned commercialization of what we believe is the only environmentally safe biogasoline (BG100). We believe this product has the potential to prove revolutionary, as a truly cost effective and environmentally friendly alternative to traditional fossil fuels."
Mazer further commented, "We are cautiously optimistic that the discussions are moving forward towards definitive agreements and we will promptly communicate any such progress. In the interim, we will continue to work diligently at laying the groundwork for future growth.
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