BRKM FRIDAYZZZ SUBBY RUNNER// NEWZZZEXTREME BIODIESEL INC

New Post Public Reply Private Reply Replies (0) Message Board

Mar 22, 2013 at 9:31 AM

BRKM >> FRIDAYZZZ SUBBY RUNNER// NEWZZZEXTREME BIODIESEL INC (U-BRKM) - News Release
Extreme Biodiesel Advances Negotiations for Acquisition of Southern California Biofuels, Established Oil Recycling Company, in Preparation for Letter of Intent

2013-03-22 09:00 ET - News Release

Company Continues Discussions Expecting to Conclude with Agreement Eminently

CORONA, Calif., March 22, 2013 /PRNewswire/ -- Extreme Biodiesel (OTC Pink: BRKM) is pleased to announce that the Company continues to progress in its discussions with an existing client, a profitable 25 year old oil recycling company, Southern California (SoCal) Biofuels; to develop plans to acquire the Company in an effort to expand its corporate scope of operations. A Letter of Intent is expected shortly.

SoCal Biofuels is a profitable, well-established, Southern California based oil recycling company who has been in business for a quarter of a century. The Company specializes in the recycling of used cooking oil by processing and converting the collected used oil into biofuel. SoCal is licensed and certified with all required state and federal agencies.

SoCal is noted as one of the largest most respected companies in its territory; maintaining over 1000 accounts from Ventura County, to San Diego near the Mexican Border, and maintains a fleet of 35 trucks servicing numerous major restaurant chains including Disneyland, which facilitates 7 runs per week alone.

Extreme Biodiesel's website is being renovated to better represent current projects, and to reflect the Company's new potential acquisition candidates. The updated site is on track to go live within the range of a week.

"We are very pleased with the direction and progress of the negotiations with SoCal. The synergies of our Companies make this a very exciting venture. We anticipate that a Letter of Intent should be ready to announce very soon. We will be swift to announce further details as terms are established and solidified." 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.

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: 949-280-1557 or joe@extremebiodiesel.com

SOURCE Extreme Biodiesel

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Amplifon Data Breach Spurs Legal Scrutiny for Millions

Data Breach Fallout: Amplifon Under Fire When a big player like Amplifon gets hit with a data breach, it's like a wake-up call across the board. This one’s no small spill—over 1.3 million folks left wondering whether their personal information is fluttering around cyberspace for all who dare to peek. If you’ve missed the memo, Edelson Lechtzin LLP, the savvy cats in...

TCL's Display Future: AI Meets Screens at DTC 2026

Exploring New Horizons in Display Technology There's something brewing in Wuhan: a conference that’s shaping up like a tech enthusiast’s dream. This year, it's all about the symbiosis of cutting-edge tech and dazzling visuals as TCL CSOT gears up to unveil advancements at the Global Display Tech-Ecosystem Conference (DTC) 2026. If you're wondering whether this event...

Novo's Semaglutide Shows Promise in MASH Study

Semaglutide, a name on the lips of many investors looking for breakthroughs, is making waves again. This time, the stir comes from recent findings in the MASH field, and it's got folks in white coats quite excited. Revolutionary Results from Novo Novo Nordisk has announced promising results from their phase 3 ESSENCE trial that looks into semaglutide's effects on a...

Fibocom LTE Modules Test Drive Satellite Connectivity

Boosting IoT with Satellite Connectivity Here's a good one for folks watching the edge of wireless innovation. Fibocom's LTE Cat.1 bis modules, the LE270-EU and LE271-GL, just stretched their legs in New Zealand, connecting seamlessly with SpaceX's Direct to Cell (DTC) satellite system. No fancy hardware swaps, just standard firmware strutting its stuff across satellite...

MWC26 Doha: Bridging Standards for MENA's Future

MWC26 Doha Launches with a Connectivity Mission Forget corporate boardrooms; the real action this week is unfolding in Doha's bustling exhibition halls. Kicked off with the fanfare you'd expect from such a key event, MWC26 Doha has drawn a crowd that's got both tech geeks and policy wonks nodding with interest. This ain’t your average trade show: it’s the melting pot...

CureGene's Evategrel Aims for Breakthrough in Stroke Care

Revolutionizing Stroke Care: Enter Evategrel When it comes to strokes, time is money—and I'm telling you, this ain't an area where you can afford to twiddle your thumbs. The faster you can get that blood flowing again, the better the chance you've got of walking away with less damage. That's where CureGene's new investigational drug, Evategrel, comes in. Why Evategrel...

Cleaner Air in Bedroom May Stabilize Blood Sugar Levels

Imagine a world where simply sleeping in cleaner air could affect your blood sugar. Seems far-fetched, I know. But that's where we're at with this new study out of NYU Langone Health. They're talking about using plain ol' portable air filters to help steady blood sugar levels for folks dealing with prediabetes. Turns out a cleaner bedroom might just hold the key to taming...

Allergan Aesthetics Study Shows Rising Patient Satisfaction

Enhanced Patient Satisfaction with Aesthetic Treatments Dive into the latest studies from Allergan Aesthetics—AbbVie's heavyweight in the beauty battleground. If you've got an ounce of optimism left in this market, their recent findings might just lift your spirits. Phase 4 studies, namely HARMONY IN DIVERSITY and HALO, are showing highly positive results among patients...

Intelligent Communication Forum Eyes Global Ecosystem Shift

China's Grand Vision for Intelligent Communication You know what they say about big ideas—they start in the most bustling of places. And here we are in Wuxi, a city's pulse pounding with ambition, hosting the 2026 China International Intelligent Communication Forum. Picture it: From November 8th to 10th, movers, shakers, and visionaries are scribbling new blueprints for...

Gildan's Crisis: Investors Face Losses Amid Lawsuit

Gildan Investors, Brace Yourself Poor old Gildan Activewear finds itself in hot water again, with a class action lawsuit cropping up like an unexpected storm on farmers' day. Any traders remotely involved with NYSE:GIL should pay damn close attention, because with a December 14, 2026 deadline looming, it's crunch time. The Root of the Lawsuit The plot thickens here,...