Dallas, TX (PRWEB) July 25, 2012
Savanna East Africa, Inc. announced today it has signed a Letter of Intent (LOI) to acquire Algae International Group, Inc. (AIGI) http://www.algaeplanet.com a private Nevada Corporation that's business plan is to produce high grade Biofuel from Algae. The LOI is a non-binding agreement allocating an exclusive period for the parties to negotiate towards a definitive transaction terms.
AIGI has developed a new generation of biodiesel feedstock that will minimize pressure on food supplies, help reduce greenhouse gas emissions and increase energy efficiency. The company expects to participate in a larger partnership to acquire an initial interest in an intense biofuel manufacturing operation adjacent to a fuel cell and wastewater treatment facility California.
AIGI is working to develop an ongoing symbiotic relationship with fuel cell locations across California. AIGI is dedicated to the development and manufacture of advanced biofuels using algae cultivation adjacent to waste water and fuel cell facilities to capitalize on free methane, carbon dioxide, nitrates and phosphates for the exploitation of advanced alternative fuel energy technologies.
The plan to acquire AIGI is the first step in an overall plan to reposition Savanna East Africa for renewed growth. The Company will release further updates as plans progress.
The transaction is represented by Regus Advisors Inc., a private global Investment Banking firm that provides strategic and financial advisory services to private and public companies to include; structure, documentation, financing and exit strategies as well as listing on domestic or foreign exchanges
For more information please contact Regus President, Mervyn Price – mprice(at)regusadvisors(dot)com.
About Algae International Group Inc.
Algae International Group Inc. (AIGI) is a development stage renewable energy company that is seeking to develop Biofuel from Algae utilizing a Trademark process of “InSym” that combines; methane, CO2, fuel cells, nitrates, phosphates, sunlight and a specialized press to remove biomass and create HRD and HRJ fuel. For more info visit http://www.algaeplanet.com
About Regus Advisors Inc:
Regus Advisors is a private global Investment Banking firm that provides strategic and financial advisory services to private and public companies to include; structure, documentation, financing and exit strategies as well as listing on domestic or foreign exchanges. Regus Advisors is not a FINRA/FSA licensed broker/dealer and does not buy/sell securities.
For More Info: http://www.regusadvisors.com
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