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U.S. Sustainable Energy Corp., A Mississippi Corporation, Announces Reverse Merger With Laforza Automobiles Inc. Oct 11, 2006 8:30:00 AM NATCHEZ, MS -- (MARKET WIRE) -- 10/11/06 -- 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" (PINKSHEETS: LFZA). 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.usPosts: 632 | From: Midwest | Registered: Aug 2005
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wheres the dip??? its been climbing all morning i saw it at .04 and i was like man this is up big LOL
Posts: 2794 | From: nyc | Registered: Aug 2005
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Where did you get that PR? Did you research it yourself on let's say Yahoo Finance or do you have access to an updated news source for Pinks? Cause I'm looking for that... a kind of news service like businesswire but for pinks only.
If anyone can provide me with that info it would be appreciated.
Posts: 819 | Registered: Apr 2006
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Where did you get that PR? Did you research it yourself on let's say Yahoo Finance or do you have access to an updated news source for Pinks? Cause I'm looking for that... a kind of news service like businesswire but for pinks only.
If anyone can provide me with that info it would be appreciated.
Caught the PR through Alphatrade...more luck than anything. Bought some at .035 and sold at .10
Posts: 632 | From: Midwest | Registered: Aug 2005
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From another site: "Just got a call back from Marlin, a VP at Redwood Consultants, the IR firm for USSEC. He told me the merger is DONE. Finished. He emphasized that. He said the final share structure would put 500 million in the O/S with 80 million in the float. I asked about financials and he stated they should be up on the website by this weekend.
He said to feel free to call back at any time."
Posts: 632 | From: Midwest | Registered: Aug 2005
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Where did you get that PR? Did you research it yourself on let's say Yahoo Finance or do you have access to an updated news source for Pinks? Cause I'm looking for that... a kind of news service like businesswire but for pinks only.
If anyone can provide me with that info it would be appreciated.
Caught the PR through Alphatrade...more luck than anything. Bought some at .035 and sold at .10
Posted by: mhinsea In reply to: None Date:10/11/2006 11:45:24 AM Post #of 7
***MUST READ NOW***
I just spoke with John Rivera regarding the current Reverse Merger.
The reverse merger is complete. Mr. Rivera is the CEO and majority shareholder for USSEC, therefore it has been approved by the shareholders (per the Oct. 11 PR) Per Mr. Rivera, this is just the beginning and there will be MAJOR, MAJOR news coming that will put this stock over $10 (not RS) by mid-December. IN ADDITION, there is going to be a VERY LARGE DIVY paid before mid December. He also stated that with the news, he anticipates giving Google a run for their money. He stated to watch CNN, HN, and FoxNews for major developments about the company very soon. He did state keep an eye out starting this week for all of this to unfold. (He doesn't seem to be a big wire PR fan, he prefers global audiences via TV, CNN, etc.)
He stated they are waiting RIGHT NOW for the SEC to approve a PR that will be ENORMOUS!!!
He is very busy and stated they have received many calls and will they can not put them all through b/c there are far too many, but feel free to contact their firm.
I will keep everyone updated as I become aware of any changes and I am scheduling a meeting to sit down with him in the near future.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Hows that mhinsea guys reputation on IHUB? This sounds interesting, but how many times have things like this? Will keep this on radar.
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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Let’s put $10 in perspective. 500 million shares outstanding. That would be a market cap of $5 Billion!!!! Good luck with that.
Posts: 4381 | From: houston | Registered: Mar 2006
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It's like a CSHD situation, a company who wants to use some joke company to get onto the market. Depending on the worth of USSEC, this stock could explode, when we hear financials or more information!
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.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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