SOURCE: U.S. Sustainable Energy Corp.

June 04, 2007 16:21 ET

BioCentric Energy and Core Ventures (BCEI/Core) Announce Joint Venture Agreement With Sustainable Power Corp. (SSTP)

HUNTINGTON BEACH, CA--(Marketwire - June 4, 2007) - BCEI/Core announces today the signing of a Joint Venture Agreement with Sustainable Power Corp. (PINKSHEETS: SSTP) to capitalize on their unique Rivera Process of Hydrolysis/Pyrolysis which delivers Cellulosic Ethanol. The first negotiated facilities to deliver this revolutionary solution are in Mason City, Iowa with a projected completion date of first phase by October 15, 2007 and Caruthersville, Missouri with a projected completion date of June 1, 2008.

This unique Rivera Process of Hydrolysis/Pyrolysis is a cost-effective paradigm in the biofuels arena utilizing feedstocks considered to be of low to no value biomass. Jack Tortorice, President of BCEI/Core, stated, "Our team is committed to funding, engineering, build out, onsite management, and the delivery protocol to empower our association to be first to market with a Cellulosic Ethanol Facility. As other biofuel companies suffer from the escalating and prohibitive feedstock pricing, we will be delivering the solution."

About Cellulosic Ethanol: The Federal government, with the assistance and prodding of the White House, has allocated funds for the advancement of engineering, science, and entrepreneurial spirit to deliver energy through low or no value biomass. These feedstocks include, but are not limited to, switch grass, slag from ethanol producers, and auto fluff from auto dismantlers.

About BCEI/Core: The BioCentric Energy Incorporated Team has spent considerable time and treasure in the research and development to deliver Cellulosic Ethanol to our country from low, no or negative value feedstocks. The BCEI focus is on the energy business origination and the outsourcing of the actual technological development, design, engineering, and construction functions of the build out of the facility are entrusted to our partners, Core Ventures. Core has earned the right to be referred to as the most seasoned Biofuel professionals with 31 biofuel facilities on their resumes. They are also well staffed and positioned financially to assume the initial and ongoing risks associated with projects of this size and nature. This combined business focus provides the BCEI/Core Alliance with rapid expansion capabilities, mitigating risk while controlling fixed and variable costs.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit www.sustainablepower.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.

Resource: BioCentric Energy Incorporated

Contact Information

  • Investor Contact:
    Vice President of Corporate Strategy
    Kurt Peet
    (949) 903-0013