From the Wires
Global Clean Energy, Inc. to Aggregate Mid-Sized Waste-to-Energy Conversion Solutions
By: Marketwired .
Jan. 31, 2013 02:37 PM
HOUSTON, TX -- (Marketwire) -- 01/31/13 -- Global Clean Energy, Inc. (PINKSHEETS: GCEI) (the "Company"), an alternative fuels company focusing on waste-to-energy conversion announced its alternative fuels aggregation model for mid-sized waste-to-energy conversion solutions.
GCEI has developed a stringent investment, oversight model for the alternative fuels industry which includes: Control of diversified high-value feedstock, Off take agreements in place, EPC Wrap or Performance guarantees for each business unit, commercialized conversion technologies, equity investments from vested operating partner, cash flow and IRR requirements with each being accretive to GCEI's stated objectives.
GCEI is working closely with NY advisory and renewable energy investment funds in order to establish a matching funds facility for GCEI to roll out its thirty-six month program.
Earl Azimov, President of GCEI, stated, "It was encouraging to hear the consensus that the waste to energy time is now in the US and an operation/aggregation model/strategy like ours is the future."
GCEI built its fuels model based on the deal flow it was seeing in the alternative energy sector from companies looking to pledge marketable securities to complete their sites.
The Company has received a commitment of twenty million ($20,000,000.00) dollars of marketable securities from a target company, to support the first tranche of its financial raise.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on using available and developing technologies to convert waste into commercially viable energy, a process the company refers to as Reforming Environmental Salvage into Clean Usable Energy (R.E.S.C.U.E.).
Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting GCEI. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. GCEI will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
Global Clean Energy, Inc.
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