Company Establishes First Facility for Management and Bio-Diesel Production

Renew Energy Resources today announced that it has entered into an agreement for the consulting and management of a mid-sized Bio-Diesel facility which will produce "Fatty Acid Methel Esters" (FAME). This is the first in a series of consulting/management/acquisition agreements that the company intends to execute which will allow the company to create a vertically integrated solution for the Bio-Diesel industry.

The Company’s project management team will commence work at this facility immediately and anticipates ramping up production capacity as process improvements are implemented. RENEW anticipates bio-diesel sales in mid to late June with recurring sales monthly thereafter.

This facility is a proven operating asset and should allow the Company to execute previously negotiated sales contracts for the delivery of Bio-Diesel which will be a blend of “Soy Methel Esters” and FAME.

“Our team has worked diligently to develop a highly focused business direction with regards to Bio-Diesel production and sales. This facility represents the initial positive step towards implementing and executing our stated plan. We believe it should lead to revenue in the near term,” stated Alex H. Edwards III the Company’s CEO. “We remain focused on delivering quality products via our vertical integration model with a long term goal of creating sustainable shareholder value.”