SOURCE: Aventura Equities, Inc.

February 16, 2010 09:15 ET

Aventura Equities, Inc. to Change Focus to Alternative Energy by Acquiring a Majority Interest in Renewed World Energies, Inc.

MCHENRY, IL--(Marketwire - February 16, 2010) - Aventura Equities, Inc. (PINKSHEETS: AVNE) has agreed to acquire a majority interest in Renewed World Energies, Inc. of Georgetown, South Carolina, thereby shifting its focus to the alternative energy sector in a very significant corporate move.

Renewed World Energies, Inc. ("RWE") is launching the world's first commercially-viable, closed system, automated microalgae production facility. RWE's efforts are pioneering a new era of mass adoption of bio-fuel. Over the past six years, Tim Tompkins and Richard Armstrong, RWE's principals, have developed a scalable closed system bioreactor that not only grows algae but will make RWE the low cost vertically integrated harvester and extractor of oil from microalgae, as well. RWE's proprietary process has been engineered to utilize carbon via Flue Gas or bottled CO2 but foster a new approach to reducing industrial greenhouse gas emissions by capturing such emissions as an input to its bio-reactor.

In the short term, RWE's mission is to be the leader in the manufacturing and sale of algae oil and a lead supplier of products and services associated with such manufacturing and sales. As evidence, RWE has recently announced a Joint Venture project with Bio-Centric Energy Holdings, Inc. RWE intends to begin offering algae products that range from algae cake for livestock feed to raw materials for use in the pharmaceutical, natural food and cosmetics industries. Longer term, RWE intends to continue its research related to the discovery of many other profitable and viable uses of RWE's core technology, including the cost effective production of commercial quantities of "green fuel."

"I have worked diligently over the last 2 1/2 years in this challenging business environment, to find complementary businesses for Aventura," stated Francis Manzo, III, Chief Executive Officer of Aventura. "Renewed World Energies will be at the center of our efforts in the development of algae-based "green" product." Mr. Richard Armstrong, President of RWE stated, "... that we are excited about this business relationship and believe that we can effectively execute our plan to become a leader in the algae industry in systems and product development."

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as AVNE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Website: www.rwenergies.com

Website: www.biocentricenergy.com

Contact Information

  • Aventura Equities Investor Relations
    Jeff Berkowitz
    561-348-0524