New Generation Biofuels to List Common Stock on the American Stock Exchange
HOUSTON, April 3, 2008, 2008 /PRNewswire-FirstCall via COMTEX/ -- New Generation Biofuels Holdings, Inc. (OTC Bulletin Board: HTWO) ("New Generation") announced today that its shares of common stock have been approved for listing on the American Stock Exchange (AMEX) under the symbol "GNB". "We believe that moving to the AMEX, along with our recent name change, will not only provide more recognition for New Generation Biofuels in the investment community, but also create a more liquid, efficient market in which to trade, reinforcing our objective of maximizing shareholder value," stated David Gillespie, Chief Executive Officer of New Generation. "We are extremely pleased with the listing of our shares on the AMEX and look forward to working further with the AMEX staff."
This approval is contingent upon New Generation continuing to maintain its current compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if New Generation is not in compliance with such standards. New Generation common stock was previously traded on the OTCBB.
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a development stage renewable fuels provider. We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. Our business model calls for establishing direct sales from manufacturing plants that we may purchase or build and sublicensing our technology to qualified licensees.
Forward Looking Statements |
