SOURCE: PetroSun, Inc.

November 25, 2008 14:27 ET

PetroSun Issues Update on Operations in China

SCOTTSDALE, AZ--(Marketwire - November 25, 2008) - PetroSun, Inc. (PINKSHEETS: PSUD) announced today the following updates on business activity related to its operations in China.

PetroSun CEO Gordon LeBlanc, Jr. will meet with Shanghai Jun Ya Yan Development Company, Ltd during the first week of December in Shanghai to finalize agreements related to the proposed commercial operations in YanCheng, Xiangshui County and New Zone Cixi, Zhejiang. The Company and Shanghai Jun Ya Yan have agreed to establish algae-to-biofuel farm systems within these designated economic development zones, subject to final approvals from the governing bodies.

The Company will also be engaged in meetings relating to the establishment of algae farm systems in the Pearl River Delta and South China Sea regions. These meetings will also address the harvesting of open water algae blooms along the coastline as a source of feedstock for conversion to biofuels, animal feed, fertilizer or other products.

About PetroSun

PetroSun, Inc. is a diversified energy company with technology and operations in the commercialization of algae-to-biofuels, microbial enhanced oil recovery, oil and gas exploration and development and oilfield pipe and supply.

For more information about PetroSun visit the company's website at www.petrosuninc.com.

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

  • Contact:
    Investor Relations
    Osprey Partners
    732-292-0982
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