WEST PALM BEACH, Fla., July 21, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc . (OTCQB:ALLM) (the "Company") , is pleased to announce to its Shareholders that in addition to the near term commercialization of the CTS process, the opportunity to enhance Shareholder Value (by doubling the revenue potential) pre-CTS commercialization made itself available. The Alliance Management Team secured (on behalf of the shareholders) 100% of the Revenue-Stream from Licensing-&-Sales related to the CTS process that is derived in the geographical regions of North America (Canada, U.S. & Mexico) as well as Africa, going forward. These regions represent the largest markets worldwide for processing of cellulose in its many forms of biofuels, fine chemicals, bioplastics, industrial sugars and other valuable products, at the present time and the near-term foreseeable future.
The Company originally purchased 51% of AMG Energy Group in December 2013 and on July 21, 2016 Alliance completed the Acquisition of the remaining 49% ownership of the AMG Energy Group, making it a wholly owned subsidiary of the Company.
- AMG owns 100% of EK Laboratories and the CTS Pilot Plant.
- AMG owns 50% of Carbolosic, LLC which holds the master license to the patented CTS process from the University of Central Florida.
- AMG Energy Group exclusively owns the North American (including Canada, U.S. and Mexico) and African territories.
The transaction occurred via a non-cash, 100% stock swap where the shareholders of AMG Energy Solutions, Inc. (“Solutions”), a privately held company, received 8,700,000 restricted ALLM share(s) in exchange for 100% of the shares of Solutions. Additionally, Solutions merged with its wholly owned subsidiary AMG Renewables, LLC (“Renewables”) such that Renewables is the surviving entity.
In a separate but simultaneous transaction, the remaining minority owners of AMG Energy Group (Wellington Assets 5% and CTWC 1%) will receive a total of 1,300,000 restricted shares of ALLM in exchange for their ownership interest in AMG Energy Group while Renewables and AMG Energy Group merge leaving AMG Energy Group as the surviving wholly owned subsidiary.
With the transaction completed, Alliance’s organizational chart is concise and revenue flows through directly to the parent, Alliance BioEnergy Plus, Inc . ( ALLM ) (the "Company"). These transactions have doubled ALLM's Potential Shareholder Value.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
Information in this document 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", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions 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 Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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