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Advanced Plant Pharmaceuticals, Inc. (APPI : announced today the company is in advanced stage negotiations for the necessary financing to construct two biodiesel plants with one plant in Kentucky to provide biofuel to a dedicated and committed customer and the other plant to be constructed in Florida. The pending agreement includes a long-term lease of property for the biodiesel plants. As previously announced, the biodiesel plant in Kentucky is for a coal mine which will require 4-5 thousand gallons a day. The company has forecasted the first plant's revenue run rate at APPI $1 Million quarterly after the plant has completed its first full quarter of operation. An additional site is planned in the State of Florida with similar favorable long-term leasing options and state tax incentives. The company will announce the financing closing and construction start dates in the near future. Advanced Plant Pharmaceuticals, Inc. has previously announced that the company's board of directors had adopted a resolution to change the corporate name to World Health Energy, Inc., to reflect the company's acquisition of World Health Energy, Inc. and the new business plan's focus on biofuels and renewable energy production and distribution. The company anticipates the name change will be completed within sixty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been approved. World Health Energy, Inc. plans to use renewable cost-effective agricultural products both domestically and internationally to develop natural alternative fuels. An 8-K for the merger with World Health Energy will be filed after the satisfaction of the closing conditions which include, without limitation, issuance and receipt of all consideration relating to the transaction and other customary closing conditions.
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Advanced Plant Pharmaceuticals, Inc. in Advanced Stage Negotiations for $1.25 Million in Financing for Construction of Biodiesel Plants 3:24p ET February 6, 2007 (Market Wire) Advanced Plant Pharmaceuticals, Inc. (OTCBB: APPI) announced today the company is in advanced stage negotiations for the necessary financing to construct two biodiesel plants with one plant in Kentucky to provide biofuel to a dedicated and committed customer and the other plant to be constructed in Florida.
The pending agreement includes a long-term lease of property for the biodiesel plants. As previously announced, the biodiesel plant in Kentucky is for a coal mine which will require 4-5 thousand gallons a day. The company has forecasted the first plant's revenue run rate at APPI $1 Million quarterly after the plant has completed its first full quarter of operation. An additional site is planned in the State of Florida with similar favorable long-term leasing options and state tax incentives. The company will announce the financing closing and construction start dates in the near future.
Advanced Plant Pharmaceuticals, Inc. has previously announced that the company's board of directors had adopted a resolution to change the corporate name to World Health Energy, Inc., to reflect the company's acquisition of World Health Energy, Inc. and the new business plan's focus on biofuels and renewable energy production and distribution. The company anticipates the name change will be completed within sixty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been approved. World Health Energy, Inc. plans to use renewable cost-effective agricultural products both domestically and internationally to develop natural alternative fuels.
An 8-K for the merger with World Health Energy will be filed after the satisfaction of the closing conditions which include, without limitation, issuance and receipt of all consideration relating to the transaction and other customary closing conditions.
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Come on now we need to see a good run!Like .007/.008/.009, This thing has got to where it doesn't even hardly move on news!!! Some PR is not doing a very good job at pushing this stock!
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NEW YORK, NY -- (MARKET WIRE) -- 02/06/07 -- Advanced Plant Pharmaceuticals, Inc. (OTCBB: APPI) announced today the company is in advanced stage negotiations for the necessary financing to construct two biodiesel plants with one plant in Kentucky to provide biofuel to a dedicated and committed customer and the other plant to be constructed in Florida.
The pending agreement includes a long-term lease of property for the biodiesel plants. As previously announced, the biodiesel plant in Kentucky is for a coal mine which will require 4-5 thousand gallons a day. The company has forecasted the first plant's revenue run rate at APPI $1 Million quarterly after the plant has completed its first full quarter of operation. An additional site is planned in the State of Florida with similar favorable long-term leasing options and state tax incentives. The company will announce the financing closing and construction start dates in the near future.
Advanced Plant Pharmaceuticals, Inc. has previously announced that the company's board of directors had adopted a resolution to change the corporate name to World Health Energy, Inc., to reflect the company's acquisition of World Health Energy, Inc. and the new business plan's focus on biofuels and renewable energy production and distribution. The company anticipates the name change will be completed within sixty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been approved. World Health Energy, Inc. plans to use renewable cost-effective agricultural products both domestically and internationally to develop natural alternative fuels.
An 8-K for the merger with World Health Energy will be filed after the satisfaction of the closing conditions which include, without limitation, issuance and receipt of all consideration relating to the transaction and other customary closing conditions.
To be added to Advanced Plant Pharmaceutical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*advancedplantpharm.com.
World Health Energy, Inc. is a renewable energy company focused on developing and producing alternative fuels. WHE's proposed biodiesel production plants are designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214, as well as ASTM D6751 specifications.
Advanced Plant Pharmaceuticals, Inc. (APPI) has focused on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(TM) worldwide through various sales distribution channels. The company is currently in the initial stages of shifting its business plan to enter the rapidly growing renewable energy market.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
-------------------------------------------------------------------------------- Contact: Advanced Plant Pharmaceuticals, Inc. Investor Relations LC Group Rick Lutz (404) 261-1196 ir*advancedplantpharm.com
Source: Advanced Plant Pharmaceuticals, Inc.
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Completion of Acquisition or Disposition of Assets, Financial
Item 2.01 Completion of Acquisition or Disposition of Assets. On February 7, 2007, Advanced Plant Pharmaceuticals, Inc., a Delaware corporation, consummated its acquisition of all of the outstanding equity of World Health Energy, Inc., a Delaware corporation pursuant to the terms and conditions of that certain Securities Purchase Agreement and Plan of Reorganization (the "Agreement") dated as of January 9, 2007 by and among APPI, WHE and the stockholders of WHE. Pursuant to the Agreement, APPI agreed to issue 55,000,000 shares of its common stock, par value $0.0007 per share (the "Shares") to Edwin Zhao and David Miedzygorski, the sole stockholders of WHE as follows: (i) 5,000,000 Shares at Closing and (ii) 50,000,000 Shares within 3 days of the filing of an amendment to APPI's Articles of Incorporation with the Delaware Secretary of State to either (A) increase the Company's authorized Common Stock to at least 930,000,000 (a "Capitalization Increase") or (B) to effectuate a reverse split of the Company's Common Stock (the "Reverse Split"). If the Company effects a Reverse Split prior to any Capitalization Increase, the Remaining Shares due Selling Stockholders shall be proportionately reduced to give effect to the Reverse Split. For example, if the Company effects a 1-for-10 Reverse Split, only 5,000,000 Shares would be issued. The Company is under no obligation to take any action to effect either a Capitalization Increase or a Reverse Split.
These issuances were exempt under Section 4(2) of the Securities Act of 1933, as amended.
This description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is incorporated herein by reference.
Section 3 - Securities and Trading Markets
Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired.
In accordance with Item 9(a)(4) of Form 8-K, we will file such financial statements by amendment as soon as possible, but not later than April 25, 2007.
(b) Pro Forma Financial Information.
In accordance with Item 9(b)(2) of Form 8-K, we will file such financial statements by amendment as soon as possible, but not later than April 25, 2007. .
10.1 Securities Purchase Agreement and Plan of Reorganization dated January 9, 2007 by and among Advanced Plant Pharmaceuticals, Inc., World Health Energy, Inc. and the stockholders of World Health Energy, Inc.
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This is definitely one of the things we have been waiting on.
"Advanced Plant Pharmaceuticals, Inc., a Delaware corporation, consummated its acquisition of all of the outstanding equity of World Health Energy, Inc., "
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Company spokesperson alluded to name change for the company. My money is that APPI will become World Health Energy since that is the businees they have aquired.
-------------------- " Cash is King "
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Press Release Source: Advanced Plant Pharmaceuticals, Inc.
Advanced Plant Pharmaceuticals, Inc. Announces Completion of Acquisition of Biodiesel Producer World Health Energy, Inc. Friday February 9, 4:20 pm ET
Company to Be Renamed World Health Energy, Inc. to Reflect New Business Plan Focused on Rapidly Growing Renewable Energy Market
NEW YORK, NY--(MARKET WIRE)--Feb 9, 2007 -- Advanced Plant Pharmaceuticals, Inc. (OTC BB:APPI.OB - News) today announced the closing of its acquisition of World Health Energy, Inc., an emerging energy company focused on biofuels and renewable energy production and distribution. A Current Report on Form 8-K containing details of this transaction will be filed with the Securities and Exchange Commission on or before February 13, 2007.
APPI's board of directors has adopted a resolution to change its corporate name to World Health Energy, Inc., to reflect the acquisition of World Health Energy, Inc. and the new business plan to focus on biofuels and renewable energy production and distribution. APPI anticipates the name change will be completed within thirty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been effected.
World Health Energy, Inc. plans to use renewable, cost-effective agricultural products domestically and around the world to develop natural alternative fuels. World Health Energy's proposed biodiesel production plants are expected to be designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214 as well as ASTM D6751 specifications.
The company plans on utilizing ultrasonic processing to produce its biodiesel, which the company's management believes is more effective (than the conventional batch reactor process). This ultrasonic process can produce biodiesel (with yield in excess of 99%) in under 5 minutes as compared to the conventional batch reactor process which can require an hour or more. The company believes that the higher yielding process should provide the company with production cost advantages.
To be added to Advanced Plant Pharmaceutical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*advancedplantpharm.com.
About World Health Energy, Inc. (http://www.worldhealthenergy.com)
World Health Energy, Inc. is a renewable energy company focused on developing and producing alternative fuels. WHE's proposed biodiesel production plants are designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214, as well as ASTM D6751 specifications.
About Advanced Plant Pharmaceuticals, Inc. (http://www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (OTC BB:APPI.OB - News) has focused on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(TM) worldwide through various sales distribution channels. The company is currently in the initial stages of shifting its business plan to enter the rapidly growing renewable energy market.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact: Contact: Advanced Plant Pharmaceuticals, Inc. Investor Relations LC Group Rick Lutz (404) 261-1196 ir*advancedplantpharm.com
-------------------------------------------------------------------------------- Source: Advanced Plant Pharmaceuticals, Inc.
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Where is the R/S talk coming from? All I have seen is legal talk in the filing. People who don't want this to go up are the ones claiming a R/S.
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Alot of companies put that clause in, but it does not mean that they will do it. Spoke to the company over the weekend, be prepared for more news soon.
-------------------- " Cash is King "
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"If the Company effects a Reverse Split prior to any Capitalization Increase, the Remaining Shares due Selling Stockholders shall be proportionately reduced to give effect to the Reverse Split. For example, if the Company effects a 1-for-10 Reverse Split, only 5,000,000 Shares would be issued. The Company is under no obligation to take any action to effect either a Capitalization Increase or a Reverse Split."
Anyone with just a little common sense knows that this is just a clause added in here for legal purposes. It just states what they will do with the shares given to WHE owners in the case of a reverse split.
Notice this line:
"The Company is under no obligation to take any action to effect either a Capitalization Increase or a Reverse Split."
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Looks like we will run, Burns, Bid is up past the previous close. I would love to see it run, but people get so skeptical here lately! About the R/S, I was just stating what might happen, I got 250,000 shares, I need it to run, run, run!!!
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