H2Diesel Holdings Announces Company Name Change to New Generation Biofuels Holdings, Inc.
28 Mars 2008 - 1:30PM
PR Newswire (US)
HOUSTON, March 28 /PRNewswire-FirstCall/ -- H2Diesel Holdings Inc.
(OTC:HTWO) (BULLETIN BOARD: HTWO) and its subsidiary H2Diesel, Inc.
announced today their new names: New Generation Biofuels Holdings
Inc. and New Generation Biofuels, Inc, respectively, effective
immediately. The Company's ticker symbol will remain "HTWO.OB".
"We're excited to be introducing our new name: New Generation
Biofuels," said David A. Gillespie, President and CEO. "We have
adopted our new name to more accurately reflect the actual
characteristics of our product and customer mix and to move away
from our earlier, more narrow association with traditional on-road
diesels. In fact, our markets are far broader than simple on road
vehicle applications. They also include power generation, process
and space heating, marine, and off-road heavy equipment. 'New
Generation Biofuels' also reflects the second generation nature of
our biofuel technology as a departure from yesterday's complex
refined biofuels." Gillespie continued, "Our new company logo
symbolizes the clean green nature of our products that, in many
respects, are ahead of their time, hence the reference to 'New
Generation.' Our swirling icon incorporates a growing leaf which
represents the renewable emulsification technology we call New
Generation Biofuel." The Company's new website is now available and
we encourage all previous web traffic from our previous site
http://www.h2diesel.net/ to launch their browsers to
http://www.newgenerationbiofuel.com/ 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 This news release contains
forward-looking statements. These forward-looking statements
concern our operations, prospects, plans, economic performance and
financial condition and are based largely on our current beliefs
and expectations. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results expressed or implied
by such forward-looking statements. The risks and uncertainties
related to our business include all the risks attendant a
development stage business in the volatile energy industry,
including, without limitation, the risks set forth under the
caption "Risk Factors" in our Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2006 and our Current Report on Form
8-K filed on October 18, 2007. CONTACT: David Gillespie, President
& CEO Rob Schatz New Generation Biofuels Holdings Inc. Wolfe
Axelrod Weinberger 713-973-5720 Associates, LLC. 212-370-4500
DATASOURCE: H2Diesel Holdings Inc. CONTACT: David Gillespie,
President & CEO of New Generation Biofuels Holdings Inc.,
+1-713-973-5720; or Rob Schatz of Wolfe Axelrod Weinberger
Associates, LLC., +1-212-370-4500 Web site:
http://www.h2diesel.net/ http://www.newgenerationbiofuel.com/
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