$XFUL ~ Converde Energy USA, Inc. Shareholder Update
CAMBRIDGE, ON -- (Marketwired) -- 07/16/15 -- Converde Energy USA Inc.
(OTC PINK: XFUL) is pleased to report on company progress.
Rebranding
On
May 28th, 2015 the company announced we had purchased all of the existing shares
of Xfuels LLC. We continue to integrate the brand into our corporate vision and
as of today's date, the company has approved a final corporate action to change
the name of the company to Xfuels Inc. from Converde Energy USA Inc. This will
complete our rebranding strategy and vision and we will move forward as Xfuels
Inc. with Mr. Isaac Voss at the helm. Mr. McLaren will continue to act as CEO
and director but continuing forward Mr. Voss will implement his skills to build
our corporate vision.
Existing Projects
Our existing projects are moving
forward comfortably and are producing revenue for the company. Our growth over
the past has been accelerated to meet our delivery targets and to date we
continue to do so.
Sales
We continue to concentrate our attention on sales
and now we are in the progress of performing various testing on feedstock
samples sent from customers in Europe, Canada and the United States. Once
complete we will move forward with executing Joint Venture agreements and
purchase orders with the various companies.
The company is also focusing on
our core grinder technology and has begun marketing this technology for
stand-alone applications in targeted market sectors. One such application is the
grinding of plant fibers for paper manufacturing. It is our intent to position
the grinder as an independent product that can be sold in quantity rather than
as an engineered system.
The company is also in the final stages of
negotiations for a joint venture using our grinding technology to produce wood
pellets in Ontario Canada for export. The company will contribute a 460 mill and
related engineering and labor to the project and the JV partner will be
supplying land and a building site as well as management and
sales.
Acquisitions
As reported in our last update the company continues
to pursue assets in the green fuel production business as well as traditional
energy assets that fit our corporate vision. Coal tailings, coal waste sites and
stranded or distressed gas assets are still among our target acquisitions. We
are in negotiations with 2 such companies, which will bring asset value and cash
flow to the company.
Government Funding
We continue to work Government
funding to raise the capital necessary to build our own pilot plant in Canada
and to date have been successful in securing funding under several programs. The
goal is to achieve up to 50% of the plant cost in government loans and grants
the balance will be acquired through both debt and equity finance within the
project.
About Converde Energy
Converde Energy USA Inc. develops renewable
energy technologies and applies it to new generation power systems.
Specifically, Converde Energy's plasma assisted bio-mass to energy plants,
utilizing the state of the art technologies to produce green energy in both fuel
(sulfur free diesel) and electricity at the most efficient cost in capital
investment and production per/barrel, per/Megawatt. Converde Energy USA Inc. has
seasoned management, cutting edge technology and owns a large technology
portfolio of patents and know-how that has been extensively validated and ready
for commercial production.
For more information please see
http://www.xfuels.com
Safe Harbor
This release contains statements that
constitute 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, as amended. These statements appear in a number of places in this
release and include all statements that are not statements of historical fact
regarding the intent, belief or current expectations of Converde Energy USA,
Inc., its directors or its officers with respect to, among other things: (i)
financing plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, many
of which are be
yond Converde Energy USA Inc.'s ability to control, and that
actual results may differ materially from those projected in the forward-looking
statements as a result of various factors. More information about the potential
factors that could affect the business and financial results is and will be
included in Converde Energy USA Inc.'s filings with the Securities and Exchange
Commission.
For further information please contact:
Xfuels Public Relations
and Shareholder Information Xfuels Inc.
Phone: (519) 800-7556
Email
info@xfuels.com
Source: Converde Energy USA Inc.
This is Great News
For XFUL and With This Tiny Share Structure We Could See a Nice Move
Here!
XFUL Security Details
Share Structure
Market Value1
$484,854 a/o Jul 15, 2015
Authorized Shares 100,000,000 a/o May 05,
2015
Outstanding Shares 7,236,627 a/o May 29, 2015
-Restricted Not
Available
-Unrestricted Not Available
Held at DTC Not Available
Float
6,717,149 a/o May 05, 2015
Par Value 0.001
http://www.otcmarkets.com/stock/XFUL/profile
CAMBRIDGE, ON -- (Marketwired) -- 07/16/15 -- Converde Energy USA Inc.
(OTC PINK: XFUL) is pleased to report on company progress.
Rebranding
On
May 28th, 2015 the company announced we had purchased all of the existing shares
of Xfuels LLC. We continue to integrate the brand into our corporate vision and
as of today's date, the company has approved a final corporate action to change
the name of the company to Xfuels Inc. from Converde Energy USA Inc. This will
complete our rebranding strategy and vision and we will move forward as Xfuels
Inc. with Mr. Isaac Voss at the helm. Mr. McLaren will continue to act as CEO
and director but continuing forward Mr. Voss will implement his skills to build
our corporate vision.
Existing Projects
Our existing projects are moving
forward comfortably and are producing revenue for the company. Our growth over
the past has been accelerated to meet our delivery targets and to date we
continue to do so.
Sales
We continue to concentrate our attention on sales
and now we are in the progress of performing various testing on feedstock
samples sent from customers in Europe, Canada and the United States. Once
complete we will move forward with executing Joint Venture agreements and
purchase orders with the various companies.
The company is also focusing on
our core grinder technology and has begun marketing this technology for
stand-alone applications in targeted market sectors. One such application is the
grinding of plant fibers for paper manufacturing. It is our intent to position
the grinder as an independent product that can be sold in quantity rather than
as an engineered system.
The company is also in the final stages of
negotiations for a joint venture using our grinding technology to produce wood
pellets in Ontario Canada for export. The company will contribute a 460 mill and
related engineering and labor to the project and the JV partner will be
supplying land and a building site as well as management and
sales.
Acquisitions
As reported in our last update the company continues
to pursue assets in the green fuel production business as well as traditional
energy assets that fit our corporate vision. Coal tailings, coal waste sites and
stranded or distressed gas assets are still among our target acquisitions. We
are in negotiations with 2 such companies, which will bring asset value and cash
flow to the company.
Government Funding
We continue to work Government
funding to raise the capital necessary to build our own pilot plant in Canada
and to date have been successful in securing funding under several programs. The
goal is to achieve up to 50% of the plant cost in government loans and grants
the balance will be acquired through both debt and equity finance within the
project.
About Converde Energy
Converde Energy USA Inc. develops renewable
energy technologies and applies it to new generation power systems.
Specifically, Converde Energy's plasma assisted bio-mass to energy plants,
utilizing the state of the art technologies to produce green energy in both fuel
(sulfur free diesel) and electricity at the most efficient cost in capital
investment and production per/barrel, per/Megawatt. Converde Energy USA Inc. has
seasoned management, cutting edge technology and owns a large technology
portfolio of patents and know-how that has been extensively validated and ready
for commercial production.
For more information please see
http://www.xfuels.com
Safe Harbor
This release contains statements that
constitute 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, as amended. These statements appear in a number of places in this
release and include all statements that are not statements of historical fact
regarding the intent, belief or current expectations of Converde Energy USA,
Inc., its directors or its officers with respect to, among other things: (i)
financing plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, many
of which are be
yond Converde Energy USA Inc.'s ability to control, and that
actual results may differ materially from those projected in the forward-looking
statements as a result of various factors. More information about the potential
factors that could affect the business and financial results is and will be
included in Converde Energy USA Inc.'s filings with the Securities and Exchange
Commission.
For further information please contact:
Xfuels Public Relations
and Shareholder Information Xfuels Inc.
Phone: (519) 800-7556
info@xfuels.com
Source: Converde Energy USA Inc.
This is Great News
For XFUL and With This Tiny Share Structure We Could See a Nice Move
Here!
XFUL Security Details
Share Structure
Market Value1
$484,854 a/o Jul 15, 2015
Authorized Shares 100,000,000 a/o May 05,
2015
Outstanding Shares 7,236,627 a/o May 29, 2015
-Restricted Not
Available
-Unrestricted Not Available
Held at DTC Not Available
Float
6,717,149 a/o May 05, 2015
Par Value 0.001
http://www.otcmarkets.com/stock/XFUL/profile
