Blue Diamond Ventures, Inc. Implements Business Strategy by Expanding on Alternative Energy Projects in the U.S. and Africa
17 Février 2009 - 2:30PM
Marketwired
Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV) recently announced
it has implemented its business strategy by expanding on the
alternative energy projects it is currently undertaking in the
United States and Africa.
One of the Company's main goals for 2009 is to increase its land
agreements to 10 million acres in Africa. Through these land
agreements, Blue Diamond Ventures will establish feed stock
agreements within the United States and other countries.
Blue Diamond Ventures has other business ventures in Africa,
including the planting of non-food crops, building its own
waste-to-energy facilities and constructing biodiesel facilities.
The Company has secured the rights to develop several hundred
thousand hectares of land in Africa and Central America, for the
control and diversification of non-food crops, which Blue Diamond
Ventures plans to begin the development of this year.
The Company also is currently working to complete the
acquisition of a biodiesel facility and port in the Gulf Coast.
Once ownership is finalized, Blue Diamond Ventures, through its
subsidiary Blue Diamond Ventures Biofuels, LLC, will work towards
expanding its operating capacity from 12 million gallons per year
(GPY) to 24 million GPY -- with little or no downtime -- so the
facility can immediately begin generating revenue.
The Company, in 2009, will also strive to implement its
renewable generation portfolio -- the foundation of which is the
development of basic infrastructure to facilitate timely
transmission, substation and wind turbine generator installations
in the Midwestern United States. Blue Diamond Ventures and its
joint venture partners are currently seeking to secure power
purchase and utility ownership agreements in that region.
"Blue Diamond Ventures has developed a strong infrastructure to
meet its goals in 2009," said CEO John Quincey Moaning. "We look
forward to expanding our business both in the United States and
abroad, while increasing shareholder value."
About Blue Diamond Ventures, Inc.:
Blue Diamond Ventures, Inc. is an agricultural company, and
through its affiliate, Blue Diamond Ventures Biofuels, LLC,
conducts business as a biofuels company with operations in the U.S.
and future endeavors in Belize and Ethiopia. The Company is working
with an American Company to design and construct its facilities in
the U.S. and abroad, with a focus on making biodiesel using
non-food crops.
This press release contains forward-looking statements involving
risks and uncertainties including statements regarding the
Company's future performance. Such statements are based on
management's current expectations and are subject to certain
factors, risks and uncertainties that may cause actual results,
events and performance to differ materially from those referred to
or implied by such statements. In addition, actual future results
may differ materially from those anticipated, depending on a
variety of factors which include, but are not limited to, our
ability to leverage our technology, manage our growth, protect our
intellectual property rights, attract new customers and general
economic conditions affecting consumer spending. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The Company
does not intend to update any of the forward-looking statements
after the date of this release to conform these statements to
actual results or to changes in its expectations, except as may be
required by law.
Contact: Investor Relations For Blue Diamond Ventures,Inc.
1-866-THE-APPL(E) www.bluediamondventures.com
Blue Diamond Ventures (PK) (USOTC:BLDV)
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