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Vega Biofuels to Amend Articles to Reduce Authorized Share Total
Datum : 21/04/2011 @ 08h45
Quelle : PR Newswire
Name : Vega Biofuels (VGPR)
Kurs : 0.0004 0.0 (0.00%) @ 08h10

Vega Biofuels to Amend Articles to Reduce Authorized Share Total
Vega Biofuels (USOTC:VGPR)
Intraday Stock Chart

Heute : Thursday 21 April 2011
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VEGA BIOFUELS, INC. (Pink Sheets: VGPR) announced today that the Company will amend its Articles of Incorporation to reduce the total number of Authorized Common Shares that may be issued by the Company.

Article IV of Vega's Articles of Incorporation will be amended to reduce the number of Authorized Common Shares that may be issued by the Company from 50 billion to 10 billion.

"This Amendment is part of our continuing effort to restructure the Company's share structure as we move forward with building our bio-coal manufacturing plant in South Georgia," stated Michael K. Molen, Chairman/CEO of Vega Biofuels. "We will be providing additional details about the South Georgia manufacturing plant in the next few days."

Vega recently announced its plans to build a manufacturing plant in South Georgia that when completed will produce green energy bio-coal for use in existing coal fired power plants around the world.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

CONTACT: Vega Biofuels, Inc.: 800-481-0186

SOURCE Vega Biofuels, Inc.



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Vega recently announced its plans to build a manufacturing plant in South Georgia that when completed will produce green energy bio-coal for use in existing coal fired power plants.

Bio-coal is made from a process called "torrefaction." Torrefaction is a partial carbonization process that takes place at temperatures between 475 - 575 degrees in a low temperature environment which makes the physical and energetic properties of the biomass much more comparable to traditional coal. The biomass is then compressed into briquettes to be sold to the end user. Torrefaction has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides and is considered carbon neutral to the environment. Power providers around the world can use the bio-coal without having to retrofit their existing power plants.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

CONTACT: Vega Biofuels, Inc.: 800-481-0186

SOURCE Vega Biofuels, Inc.
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