»Green Energy Live Terminates Potential Acquisition 5:14p ET

TankerOne · 09.03.2011, 23:45

Green Energy Live Terminates Potential Acquisition 5:14p ET March 09, 2011 (Business Wire)
On September 27, 2010, Green Energy Live, Inc. (OTCBB: GELV) announced it has updated its Letter of Intent to acquire Peck Electric. Green Energy Live was unable to secure financing to complete the acquisition, and the Letter of Intent has expired. At the time that Green Energy Live is able to secure potential financing, it will undertake new discussion with Peck Electric.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.

SOURCE: Green Energy Live, Inc.

Green Energy Live, Inc.
Richelle Kim, 800-557-9752
investorrelations@greenenergylive.com

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TankerOne Beiträge & PNs ignorieren Fortgeschrittener Anmeldedatum: 02.06.2010 Beiträge: 123 Chats: 0	09.03.2011, 23:45 zitieren Green Energy Live Terminates Potential Acquisition 5:14p ET March 09, 2011 (Business Wire) On September 27, 2010, Green Energy Live, Inc. (OTCBB: GELV) announced it has updated its Letter of Intent to acquire Peck Electric. Green Energy Live was unable to secure financing to complete the acquisition, and the Letter of Intent has expired. At the time that Green Energy Live is able to secure potential financing, it will undertake new discussion with Peck Electric. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. SOURCE: Green Energy Live, Inc. Green Energy Live, Inc. Richelle Kim, 800-557-9752 investorrelations@greenenergylive.com Verfasst am: 11.03.2011, 22:06 zitieren Grossartige news $$ Breakthrough Biofuel! $$ 22:25 #18 http://www.myfoxny.com/dpp/your_money/government-scientists-claim-biofuel-breakthrough-20110308-lgf# Government Scientists Claim Biofuel Breakthrough Updated: Tuesday, 08 Mar 2011, 9:11 AM EST Published : Tuesday, 08 Mar 2011, 9:11 AM EST BY LUKE FUNK MYFOXNY.COM - Government scientists claim that they have used a microbe to convert plant matter directly into a fuel that can be used in regular car engines. It's called isobutanol and they say it burns with a heat value higher than ethanol and similar to gasoline. The Department of Energy claims the breakthrough could eventually help to reduce America's dependence on foreign oil. The department is developing biofuels from wheat and rice straw, corn stover, lumber wastes, and plants specifically developed for bio-fuel production that require far less fertilizer and other energy inputs. The work was done at the Department of Energy's BioEnergy Science Center in Oak Ridge, Tenn. Using consolidated bioprocessing, a team led by James Liao of the University of California at Los Angeles for the first time produced isobutanol directly from cellulose. "Unlike ethanol, isobutanol can be blended at any ratio with gasoline and should eliminate the need for dedicated infrastructure in tanks or vehicles," said Liao. "Plus, it may be possible to use isobutanol directly in current engines without modification." Compared to ethanol, higher alcohols such as isobutanol are better candidates for gasoline replacement because they have an energy density, octane value and Reid vapor pressure - a measurement of volatility - that is much closer to gasoline, Liao said. Zuletzt bearbeitet von TankerOne am 11.03.2011, 22:06, insgesamt einmal bearbeitet Verfasst am: 13.03.2011, 20:09 zitieren Winning the Biofuel Future Submitted by Secretary Steven Chu on March 7, 2011 - 5:44pm Today, the Department announced that a research team at our BioEnergy Science Center achieved yet another advance in the drive toward next generation biofuels: using a microbe to convert plant matter directly into isobutanol. Isobutanol can be burned in regular car engines with a heat value higher than ethanol and similar to gasoline. This is part of a broad portfolio of work the Department is doing to reduce America's dependence on foreign oil and create new economic opportunities for rural America. This announcement is yet another sign of the rapid progress we are making in developing the next generation of biofuels that can help reduce our oil dependence. This is a perfect example of the promising opportunity we have to create a major new industry based on bio-material such as wheat and rice straw, corn stover, lumber wastes, and plants specifically developed for bio-fuel production that require far less fertilizer and other energy inputs. But we must continue with an aggressive research and development effort. America's oil dependence -- which leaves hardworking families at the mercy of global oil markets -- won't be solved overnight. But the remarkable advance of science and biotechnology in the past decade puts us on the precipice of a revolution in biofuels. In fact, biotechnologies, and the biological sciences that provide the underlying foundation, are some of the most rapidly developing areas in science and technology today - and the United States is leading the way. In the coming years, we can expect dramatic breakthroughs that will allow us to produce the clean energy we need right here at home. We need to act aggressively to seize this opportunity and win the future. To learn more, visit: http://www.ornl.gov/ornlhome/print/press_release_print.cfm?ReleaseNumber=mr20110307-00 Steven Chu is the Secretary of Energy. http://blog.energy.gov/blog/2011/03/07/winning-biofuel-future Zuletzt bearbeitet von TankerOne am 13.03.2011, 20:09, insgesamt einmal bearbeitet
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