BRKM trading at .0065, waiting to be finalized
press release
March 11, 2013, 9:15 a.m. EDT
Extreme Biodiesel Enters Negotiations for Acquisition of Well Established Oil Recycling Company
Company Initiates Discussions with 25 Year Old Profitable Acquisition Candidate
CORONA, Calif., March 11, 2013 /PRNewswire via COMTEX/ -- Extreme Biodiesel (otc pink:BRKM) is pleased to announce that the Company has initiated discussions with an existing client to develop plans to acquire the Company in an effort to expand its corporate scope of operations.
The acquisition candidate is a profitable well-established Southern California based oil recycling company who has been in business for a quarter of a century, maintaining a skilled staff of 25 employees, and runs a fleet of 35 trucks.
"This Company will be an excellent fit for our corporate expansion strategy. We believe that this will add consistent revenues and solid growth opportunities to gain a more substantial foothold in the industry." stated Joe Spadafore, Corporate Secretary of Extreme Biodiesel.
These negotiations are consistent with the Company's strategic objectives of expanding its reach in the Biofuels industry. The Company being considered has developed a business model which is built on the successful conversion of used cooking oil. Biodiesel is produced from vegetable oils, yellow grease, and tallow. The production process converts oils and fats into chemicals called long-chain mono alkyl esters, or biodiesel.
Further Details will be forthcoming as negotiation terms are established and solidified.
The Company recently announced that its Proprietary Biodegradable glycerin based form and asphalt release product is successfully concluding its initial real world testing, with positive results.
About Extreme Biodiesel: Extreme Biodiesel is a Company dedicated to the production of ecologically friendly biodiesel energy products. The Company's state-of-the-art solutions are designed to provide a realistic means for dramatically reducing the United States' dependence on foreign oil. Extreme Biodiesel entered the industry in 2003 with the creation of biodiesel processors designed chiefly for individual end-users. Extreme Biodiesel is further expanding its scope by increasing biodiesel production and also creating a Co-Op for both individual members and fleet accounts throughout Southern California.
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
For more information please visit our website at: www.extremebiodiesel.com
Contact Joe Spadafore, Corporate Secretary at: joe@extremebiodiesel.com
SOURCE Extreme Biodiesel
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