posted
U.S. Sustainable Energy Corporation Announces Definitive Merger Terms With CyberCare Wednesday May 3, 12:29 pm ET
CyberCare to Effect 1:10 Reverse Split
TAMPA, FL--(MARKET WIRE)--May 3, 2006 -- U.S. Sustainable Energy Corporation ("U.S. Sustainable" or "the Company") (Other OTC:CYBR.PK - News) announced today that it has agreed to definitive terms for a merger agreement with CyberCare, Inc. "We are very pleased to announce these definitive terms," stated John Stanton, Chairman. "We are very excited by the breakthrough developments that have been announced at U.S. Sustainable. With a global focus on finding alternative renewable environmentally friendly fuels, we will have the potential to revolutionize the way fuels are produced and consumed by mankind. We are now able to produce in our fully operational facility Bio Fuels, including fuels for diesel, gasoline, and natural gas engines, from readily available agricultural feedstocks such as soy and corn. Furthermore, we think these fuels can be produced at a fraction of historical costs without waste by-products. In addition our patent pending 100% soy pigment qualifies under the 1994 Vegetable Oil Act for government printing. U.S. Sustainable Energy comprises a family of technologies that focus on the development of energy from sustainable sources, and the conversion of waste into energy or other usable products." The Company's technologies will include the rights to the certain patents and intellectual property rights currently contained in EarthFirst Technologies, Inc. (OTC BB:EFTI.OB - News). Under EarthFirst's previously announced planned merger with Cast-Crete Corporation, EarthFirst/Cast-Crete will become the co-proponent of the Plan of Reorganization of CyberCare, Inc. ("CyberCare") (Other OTC:CYBR.PK - News). After the merger with Cast-Crete and CyberCare's emergence from reorganization, EarthFirst/Cast-Crete intends to combine the existing energy technologies with CyberCare's technology assets. The surviving entity will be known as U.S. Sustainable Energy Corporation.
Under the terms of the agreement, CyberCare will effect a 1:10 reverse split of its stock in connection with its Plan of Reorganization. CyberCare will then issue approximately 100 million restricted shares to U.S. Sustainable to complete the merger transaction. Closing is expected within the next 60 days.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
Contact: Contact: U.S. SUSTAINABLE ENERGY CORPORATION TAMPA http://www.ussec.us John Stanton 813-621-4641
-------------------------------------------------------------------------------- Source: U.S. Sustainable Energy
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
| IP: Logged |
posted
Anyone know what happened to this one, disappeared from my watch list now just a number?
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
