NEWS
Date:
Wednesday, June 11, 2008
| Trading Symbol: OTCBB: RVBF
Raven Engages Eco-Energy for Ethanol Offtake Agreement
Raven Biofuels International Corporation (OTCBB: RVBF) and Eco-Energy have agreed to proceed with an agreement to sell 100% of its ethanol production from its newly announced Washington State cellulosic ethanol plant directly to Eco-Energy. Eco-Energy, a Franklin, TN based business, operates on a foundation to ensure the efficient availability of affordable, renewable and environmentally friendly energy. Eco-Energy provides full marketing and logistical support for ethanol manufacturers like Raven. Eco currently has over 1 Billion gallons per year under contract in North America.
Eco-Energy is willing to make a commitment to Raven to purchase all or substantially all of the cellulosic ethanol produced from the previously announced Washington plant for the next 10 years upon execution of a conclusive agreement. "Companies like Raven are critical to creating alternative energy solutions for America. We believe the partnership between Raven Biofuels and Eco-Energy will be an important part of the advancement of the renewable fuels industry." noted Eco-Energy's Chief Operating Officer, Andy Sallee.
"Ethanol made from biomass is much cleaner and is positioned to become the transportation fuel of choice." said John Sams, Raven's Chief Operating Officer, "We are excited to have Eco-Energy as our partner and look forward to the successful production and distribution of cellulosic ethanol."
Ethanol made from biomass could cut greenhouse gases responsible for global warming by a large margin. Several recent studies conclude that cellulosic biofuels reduce greenhouse gases by over 80%.
Raven Biofuels International Corporation intends to become a global renewable energy company whose principal focus is converting waste biomass in the low cost production of cellulosic ethanol, and derivative chemicals.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to complete the merger or any business combination with Pure Energy Corporation, or that upon completion of the merger the companies will be able to construct any ethanol plants or proceed with the commercialization of Pure Energy 's technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.
Contacts:
Raven Biofuels International Corp.
1-866-433-3356
Website: www.ravenbiofuelsinternational.com
Eco-Energy, Inc.
(615) 778-2898
Website: www.eco-energyinc.com
This website contains historical and archived press releases for Raven Biofuels International Corporation. The information in these press releases is historical in nature, has not been updated, and is current only to the date indicated in the particular press release. This information may no longer be accurate and therefore you should not rely on the information contained in these press releases. To the extent permitted by law, Raven Biofuels International Corporation and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.
Raven Biofuels news releases contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation (“Raven” or the “Company”) to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as “believes,” “expects,” “may,” “intends,” “anticipates,” “plans,” “estimates,” and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.
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