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Press Release Source: U.S. Sustainable Energy Corp.
United Ethanol Group Signs Definitive Agreement With U.S. Sustainable Energy Corp. Wednesday February 28, 10:54 am ET
U.S. Sustainable to Receive Nine Hundred Million Common Shares of ONYI as Consideration for Exclusive Distribution Rights Granted
CHICAGO, IL--(MARKET WIRE)--Feb 28, 2007 -- United Ethanol Group, Inc. (OTC BB:ONYI.OB - News) has signed a definitive agreement with U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News), allowing for the formal creation of a new partnership to integrate technology processes for market entrance into the lucrative automotive and transportation fuel sectors. ADVERTISEMENT
The exclusive license allows United Ethanol Group and subsidiary Diversified Ethanol to maximize the value of future ethanol production, by utilizing the USSEC technologies and biofuel processes within the company's own proprietary manufacturing methods. Together the partnership is able to significantly reduce the costs traditionally associated with ethanol production, providing the group with significant competitive advantages for manufacturing contracts and turnkey production facilities.
The United Ethanol Group strategic development plan includes for the design and construction of three hundred turnkey ethanol production facilities over the next four years, providing a total planned production capacity of more than 200 million gallons per annum. The modular plant facilities are designed to be scalable to meet the diverse requirements of emerging producers. United Ethanol Group will also provide new plant owners with easy market access to co-operatively market and sell all ethanol produced direct to fleet and retail buying groups within the automotive and transportation sectors.
United Ethanol Group's Chairman of the Board, John Rivera stated, "This is an exciting step towards utilizing our mutual production strengths and energy processes to enter the transportation markets quickly and efficiently. Our combined technologies and process improvements will give United Ethanol Group significant competitive advantages as a green energy company and worldwide leader in ethanol production."
This definitive agreement between United Ethanol Group and U.S. Sustainable also details the conditions needed to move towards completing the previously announced Memorandum of Understanding outlining the planned merger and corporate restructure. Under terms of the agreement, USSEC stock will be merged into ONYI, and will become a full reporting company trading on the bulletin boards. The surviving entity will be renamed to U.S. Sustainable Energy Corp.
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary and patent pending new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel, with none of the negative traits associated with competitive fuels.
The USSEC biofuel is furthermore created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products, a discovery made during research into agricultural biomass now known as the "Rivera Process." The technology offers a solution to foreign oil dependence, significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior performance and low cost of the carbon, fertilizer and biofuel within bundled plant operations, turnkey energy contracts, ethanol production, and other critical applications that rely on energy as a major cost component.
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U.S. Sustainable Energy Corp. Issues Shareholder Update Monday March 5, 9:40 am ET
NATCHEZ, MS--(MARKET WIRE)--Mar 5, 2007 -- U.S. Sustainable Energy (Other OTC:USSE.PK - News) President & CEO, John H. Rivera, issued today the following letter and update to the shareholders of USSEC. Dear Shareholders,
Our first operating period has seen exceptional positive movement, internal achievements, and company milestones being met as we lay the foundation for our highly anticipated market entrance. The new Natchez bioenergy facility, completion of the first full-sized reactor, process advancements for lower-cost energy production, our expanding and highly talented management team, valued strategic partnerships, global brand visibility -- we've come a long way since presenting the technology at our international demonstration in Vidalia towards the end of last year.
With the last four months bearing witness to more than 6,000 queries for our technology, it has provided a needed framework to better identify and gauge USSEC's value proposition against our original assumptions. The market has been very clear: Our biofuel and energy processes represent a fundamental change in technological capability to do more than just talk about reducing dependence on petroleum and harmful gas emissions. The application of our green energy models are giving legislators, municipalities and utility companies the ability to plan for genuine change -- without compromise from cost or efficiency barriers as typical transition-based obstacles.
This has expectedly put a tremendous amount of responsibility onto our shoulders, as our first production contracts will set clear precedence and a new bar for what is possible within the green energy field. The value proposition of our biofuel yield alone, when combined with large-scale power facilities, redefines everything that academia has past known regarding the feasibility of green power. Subsequently our technology can be matched with the planning of progressive leaders, allowing states and nations to become early adopters of fully renewable energy to meet the inevitable movement towards federally mandated compliance markets for environmental reasons.
Through this process our management team has a clear and important obligation to shareholders: to ensure that the associated value we place on the price of our biofuel, energy reduction processes, fuel and additive byproducts, and ultimately the price per kilowatt of every green energy unit offered matches our role as an emerging leader with the capability to reduce foreign oil dependency and improve our environment.
Our actions should very well determine future subsidies and initiatives offered to accelerate area-based green energy conversions. Even small undertakings of applying our biomass resources and technology to energy production are considerably larger than external achievements of the past, allowing us to quickly open and create new accessible markets for the free trading and application of green energy investments.
A Recap of Our First Days
-- U.S. Sustainable Energy established its base of operation in December 2006 within our first bioenergy facility in Natchez, Mississippi, a 35 acre / 447,800 sq. foot operations center with railcar infrastructure and waterfront loading docks. From this location we've undertaken the final research and process configurations needed to proceed with development of our first 200 green fuel reactors -- for an initial production goal of 1.2 million gallons of USSEC biofuel daily.
-- Including our biofuel demonstration held in October 2006, U.S. Sustainable has entertained and hosted more than 1500 guests, including company shareholders, media and journalists, power companies, officials, universities, and a host of academia working to apply USSEC's discoveries worldwide. Our team has facilitated nearly 300 successful biofuel demonstrations showcasing process refinements, unique fuel properties, and our application to diesel and gasoline engines without the need for motor modifications.
-- February 2007 saw the formal launch of Sustainable Power Corp. (Other OTC:SSTP.PK - News), a USSEC-related company appointed as the official International Green Power Provider for U.S. Sustainable. The company is focused on all aspects of power generation and facility management - ranging from feasibility studies, project financing, and site design, to full scale implementation and turnkey plant construction. Sustainable Power started its operations by receiving interest for more than 60,000 Megawatts (60 Gigawatts) of green power plant facilities in February alone, a clear testament to the worldwide demand for USSEC's energy processes and the focus on creating clean power from renewable energy.
-- USSEC has met with various members of congress, including high profiled meetings with Governors, Senators, Green Energy Lobbyists, the USDA, and a long list of distinguished organizations (Harvard, National Science Foundation, Bank of America, Sovereign, etc.). Our activities have ensured that the USSEC biofuel discovery, our energy processes, and the capabilities of Sustainable Power Corp. are positioned to support state and federally mandated green power initiatives, paving the way for a future filled with green energy plants that offer a superior value proposition to any other alternative energy source available.
-- U.S. Sustainable Energy reached a definitive agreement to acquire 900 million shares of Diversified Ethanol, Inc., and United Ethanol Group, Inc. Utilizing USSEC energy processes and existing technologies within United Ethanol Group, the company will be able to provide turnkey plant solutions that generate ethanol at a significant cost reduction over any alternative production process in the market. This year alone the company has received plant requests totaling more than 15 million gallons of ethanol production daily, and final plant configurations with pricing are being completed for release later this month.
-- Sustainable Power Corp. and U.S. Sustainable Energy have begun the process for providing turnkey engineering, project analysis, and construction costs for more than 6,000 Megawatts of green energy power plant facilities. To date nearly three dozen formal quotes or starting cost projections have been created, including power projects domestically within Massachusetts, Pennsylvania, Maryland, New Hampshire, Connecticut, New Jersey, New York, Mississippi, and Louisiana. On an international level, engineering presentations are being drafted or have been submitted for formal proposal requests in nearly two dozen countries, including Italy, India, Pakistan, China, The Americas, and The Netherlands. U.S. Sustainable Energy Corp. will continue with our commitment to attract and recruit the very best in talent, experience, and innovation, providing a management team capable of achieving extraordinary results from opportunities presented. We see ourselves already positioned as a future leader in the emerging green fuel and clean energy sectors, with opportunities to extend our energy reduction processes to help numerous bioenergy companies gain better access to the market. We believe confidently that USSEC can help pave the way for dozens of innovative organizations and solution providers in the future, adding viable profit centers to our base and future umbrella, along with direct and lateral benefits to our highly valued shareholder base.
We look eagerly forward to sharing all of the upsides associated with 2007 and beyond.
Yours respectfully,
John H. Rivera Chairman and Chief Executive Officer U.S. Sustainable Energy Corp. About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel, with none of the negative traits associated with competitive green fuels. The USSEC biofuel is furthermore created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products, a discovery made during research into agricultural biomass now known as the "Rivera Process." The technology offers a solution to foreign oil dependence, significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior performance and low cost of the fertilizer, biogas and biofuel within bundled plant operations, turnkey energy contracts, ethanol production, and other critical applications that rely on energy as a major cost component. For more information please visit www.ussec.us.
Forward-Looking Statements
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.
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Press Release Source: U.S. Sustainable Energy Corp.
Sustainable Power Corp. Featured in Interview at WallSt.net Thursday March 15, 9:25 am ET
NATCHEZ, MS--(MARKET WIRE)--Mar 15, 2007 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) (Other OTC:USSE.PK - News), a provider of green energy power plants, announced today that the company's SVP of Business Development, Robert Davis, was recently interviewed by WallSt.net, a Financial Media Group, Inc. company. As part of a larger effort to raise awareness of technologies intended to meet or exceed Congressional directives on green energy adoption, Mr. Davis participated in the interview introducing the company's short term milestones and achievements to date. An audio version of the interview is available at www.wallst.net by selecting Interviews from the main menu. ADVERTISEMENT
During the course of the conversation, Mr. Davis discussed the positioning strengths and market advantages of Sustainable Power Corp. "Clearly what we have here goes past the ideology of just investing in alternative energies for the sake of it," stated Davis. "We have a green energy company whose value proposition makes sense, an instantly accessible market with a clear demand, and an experienced management team capable of selling power plants even without the green energy equation. Add in our ability to integrate USSEC's biofuel for performance without compromise to our environment or our economy, and we have a clear route to emerge as a green market leader."
The interview progressed highlighting other key achievements and immediate milestones for the company. Highlights of short term company objectives included:
-- The company's application for formal designation as Green-E certified, a renewable electricity certification program provided by the leading verification organization in the country. The accreditation will support the first two year objectives that SSTP has in providing an estimated 3.6 billion green kilowatt hours, to be generated from the management of six smaller projects in three compliance mandated states -- representing only a partial scope of current opportunities the company is considering.
-- The creation and management of a worldwide coalition of turnkey integration specialists, power plant construction firms, and facility management groups, allowing for easy adoption and integration of sustainable power plants and the USSEC biofuel discovery across multiple markets and countries for a smooth transition. The program also includes licensing foreign territories to develop key partnerships to maximize area- based representation, and presenting the coalition to the Senate Subcommittee on Renewable Energies to help with congressional direction on policy generation involving emissions reduction and adoption rates of alternative fuels.
-- The establishment of a Global Joint Venture and Special Projects Finance Panel, allowing for fund allocation and project financing to be ideally matched on a project to investor basis. The network will include more than two dozen members and project financing specialists, allowing for individual plant opportunities to be matched to the most cost-effective funding source based on project size, region, participation rate, benefactors, and investment charter. Further information on Sustainable Power Corp. can be obtained by visiting them online at www.sustainablepowercorp.com, or by visiting the USSEC Information Bureau by visiting www.maximuscommunications.com.
About Sustainable Power Corp.
Sustainable Power Corp is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one fifth of the soybean acreage traditionally associated with biodiesel.
SSTP services range from feasibility studies, project financing, and site design, to full scale facility development and turnkey plant construction. The superior performance gained from using the renewable fuel source allows the company to offer green energy facilities ranging anywhere from 5MW to 500MW, featuring complete turnkey power solutions that offer exceptional value over all other market alternatives.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
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Does anyone know what happened to the one for one dividend promised way back when? I never received anything. Just wondering. Don’t watch everyday anymore.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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For those who are interested I talked with investor relations today and those who are waiting on the dividend will recieve their shares within 30 days. Per their investor relations people.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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Here is the latest I have been able to dig up on the divi. For those interested.
FD
Dear ****** ******,
Thank you for your email. After checking with S***t****'s dividend department, according to the company counsel, as long as the shares were held in the street name, the restricted shares of SSTP will be delivered directly S***T****. S***T**** would distribute the shares to qualifying account holders. You would only receive the restricted shares in the mail if you held the paper certificates. The paydate for this spinoff is still pending.
Please let us know if you have any other questions.
Sincerely,
Dave A.
S***T****, Inc.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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Yeah this 1 for 1 deal of USSE stock instead of SSTP stock is going to hurt the PPS instead of helping it . I have 5500 share of this crap but only had 2000 on the record date . So I am basically getting 2000 extra shares of a stock thats already tanked over the past few months .
I expect SSTP to rise now that there is not the fear of extra shares being added for the stock div .
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This is looking more like a fubarred 2 for 1 stock split instead of something to benefit the stock holders that have been in this since last year . Not too good in my opinion .........
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I have a gut feeling there are going to be some pissed off investors tomorrow and USSE will come out with some lame azz excuse of what happened .
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quote:Originally posted by minkybodl: Just got off the phone with Scottrade, was told the dividend has been canceled by USSE. He gave me these numbers to confrim it.
Miss 601 446-8007 Ca. 415 884-0348
Nope Still on. I called Rosewood consultants at second number. He told me it will be a dividend not a stock split 1 for 1 so anyone with shares on 12-1 should get shares. Said it will be around 11 am. He also said some received shares early who shouldnt have. sorry I listened to scottrade before calling.
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I think Redwood is just as stupid as J.R is . It says on the OTC site its a 2 for 1 split . You can't have a stock div with a pay and ex date several months after the record date and only give those shares to the people who owned shares on the rec date .
Are we sure J.R isn't related to Dufus Harris ???
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You must have owned on the ex-date. I took The USSE PR for truth on DEC. 01. I should have done my own DD and realized that an EX-date was not filed. They don't have a clue what they are doing or are just crooks IMO. First you are going to recieve shares in the new branch of the company. So you think no dilution. Then, oh that is to hard so we are going to give you one for one of what you already owned. You know the old saying about "a fool and his money are soon parted" They took me twice with the same move. Learned a hard lesson from old JR.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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