Algae International Group Signs Contract with Green Giant Venture Fund for Carbon Credit Program
Dallas, Texas (PRWEB) July 10, 2013 -- Algae International Group Inc. (OTCBB: ALGA) announced today that the Company has signed a contract with Green Giant Ventures Fund http://www.greengiantventurefund.com (GGVF) to validate, compile, certify and present for trade the carbon credits available from the Algae site. ALGA is also exploring a number of other such sites they intend to mobilize during the next three years in the State of California.
John Potter, President of Algae International Group Inc. stated, “We completed our scientific analysis, and believe we have validated the potential volume and value of carbon credits available. We searched for a company which offered the experience and known track record of success in compiling, validating, registering and applying to the respective banks, brokers and trading platforms for the exchange of these credits for cash. With hundreds of millions of dollars of successful credit recovery having already been achieved for other companies, GGVF should be able to navigate this complex world of tradable commodities and funds.”
Potter added, “The basis is that we believe the value of these credits over the next ten years is in the millions of dollars. It makes sense to validate them, certify them and then trade them for cash which will become an immediate and tangible asset on the balance sheet. This could bolster investor confidence, as we seek assets which can be then used for future growth and expansion, mitigating need to borrow in order to replicate this pioneering project on any or all of the many potential future sites we have identified, on which to establish our algae to bio fuel system.
ALGA plans to be involved in the development of the propagation of specific algae species, for the extraction of oils and other valuable lipids and products, for a variety of industries ranging from bio-diesel and jet fuel, fuel additives, lubricants, pharmaceuticals, nutritional products and even cosmetics.
With the pioneering of their first location, the company envisions this carbon credit initiative as being one of the most advantageous programs of its kind for the deployment of available cash, as well as the huge regional economic stimulus it can create, which in turn will attract an increasing number of visionary partners and investors who not only care about the economy but also the ecological future of our planet.
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About Algae International Group Inc:
Algae International Group Inc. (OTCBB: ALGA) is a public company in the development stage of renewable energy 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 Green Giant Ventures Fund Inc:
Green Giant Venture Fund (“GGVF”) acts as its broker on a sole and exclusive agency basis with respect to the marketing and sale of Carbon Credits. These will then be modeled forward to the current date using the estimates in order to estimate net annual emission abatement levels over the projection periods designated for the VER-PIN and PID. For more info, visit: http://www.greengiantventurefund.com
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ALGA does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Mervyn Price, Regus Advisors Inc, http://www.regusadvisors.com, 9727648000 104, [email protected]
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