PRESS RELEASE: Dallas TX. (11/17/2013) – Algae International Group’s (OTC: ALGA) today released a statement from Edward Bollen, recently appointed Chairman and Chief Executive Officer (CEO).
Algae International Group recently announced a shift in its Clean Energy Strategy and the Appointment of Edward Bollen as Chairman and Chief Executive Officer (http://bit.ly/ALGA_New_CEO).
CEO Edward Bollen Statement on Next Steps
“Algae International, an entrepreneurial, micro cap public venture that operates in the clean energy market sector, that until recently, has been focused on a single clean energy project is moving forward! While that project remains within the Company’s business plan, Algae International will now pursue a more comprehensive portfolio approach within the clean energy market sector on a more global and diversified strategy. The existing business plan will be only one of a number of ventures being added to our robust portfolio of assessed prior to selection projects. Daily research and analysis of new project development is ongoing. At the same time, the Company is also addressing the basics of redirecting efforts and assets to build a financial strong company. While there has been very little recent financial activity, our first priority has been to address the financial statements which must be updated to satisfy OTC Market disclosure requirements. That effort is underway and will be completed promptly. We asked all investors, current and future to watch for our regular updates as the Company continues to execute the recently announced shift in strategy”.
About Algae International Group Inc:
Algae International Group Inc. (OTC: ALGA) is a development stage public company to date focusing on renewable energy from a proprietary Biofuel from Algae process that combines methane, CO2, fuel cells, nitrates, phosphates and sunlight to remove biomass and create HRD and HRJ fuel. The Company is now expanding its clean energy market focus both regionally and technologically. For more info visit: www.algaeplanet.com
Safe Harbor Statement – This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ALGA does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Algae International Group Inc.