"I am extremely excited to be joining the H2Diesel management team," noted Mr. Claiborne. "I believe that the company is at a major inflection point in its history, in an industry that has significant growth potential. I look forward to leveraging my experience and capabilities to help make H2Diesel a leader in this rapidly emerging renewable energy field."
About H2Diesel Holdings, Inc.
H2Diesel is a development stage company that holds an exclusive license for North America, Central America and the Caribbean to exploit proprietary technology to manufacture an alternative biofuel from vegetable oils and animal fats that is intended to be marketed as a new class of renewable fuel or fuel additive for power generation, heavy equipment, marine use or as heating fuel. We believe our biofuel could provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner and more efficient alternative to heating oil. Our business model calls for establishing biofuel production facilities directly and through sublicensing of our technology to qualified licensees.
This news release contains forward-looking statements. These forward-
looking statements concern the Company's operations, prospects, plans,
economic performance and financial condition and are based largely on the
Company's beliefs and expectations. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results to be materially different from any future results expressed or
implied by such forward looking statements. The risks and uncertainties
related to our business include all the risks attendant a development stage
business in the volatile energy industry, including, without limitation,
the risks set forth under the caption "Risk Factors" in the Company's
Annual Report on Form
|SOURCE H2Diesel Holdings, Inc.|
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