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
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. NVAE 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.
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.