Radar Acquisitions Corp.

Radar Acquisitions Corp.

December 11, 2007 09:00 ET

Radar Acquisitions Appoints Larry Householder to Board of Directors

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2007) - Timothy Bergen, President and CEO of Radar Acquisitions Corp. ("Radar") (TSX VENTURE:RAC), is pleased to announce that Speaker Larry Householder has been appointed a director of the company.

Speaker Householder has had 25 years of successful experience in both private and public administration. From 1996 to 2005, he served the citizens of Ohio as a county commissioner, state legislator and county auditor. He was first elected to the Ohio House of Representatives in 1996, and served two terms before being elected Speaker of the House in 2001. Prior to entering politics, Speaker Householder was involved in the insurance and finance industry. He was a founder and president of L.L. Householder Insurance Agency, Inc.; a founder and officer of Ohio Equipment Company, LLC; and an officer of Agri-Tech International, LLC, an international agricultural production firm. Larry has received hundreds of awards for his work in both public and private service over the years and has a vast network of business associates and contacts to draw upon as he pursues his future outside of politics. In addition to his directorship of Radar, he is a managing member of New Energy USA, LLC. His appointment to the Board of Radar is subject to regulatory approval.

Speaker Householder has been issued 100,000 stock options at a strike price of $0.30. The options, issued in accordance with Radar's stock option plan, are valid for five years, with one sixth of them (16,667) vesting each quarter.

Radar will continue to update shareholders on corporate news, financings and project developments. Management welcomes the opportunity to present detailed project information to shareholders or other interested parties.

About Radar Acquisitions Corp.

Radar is a diversified natural resource development company focused on growth through the acquisition, exploration and development of resources and resource related technologies. The company is focused on a joint venture agreement it has with New Energy USA, LLC, to develop engineered solid fuel products (Re-Fuel) using a combination of coal slurry pond waste and biomass.

Re-Fuel will benefit the environment through the reclamation of coal slurry and other bio-refuse in the production phase and cleaner stack and ash emissions in the power generation phase. Production of Re-Fuel can qualify the producing joint venture company for a variety of tax credits while providing coal waste owners/suppliers with a significant benefit by decreasing site reclamation costs. Users of Re-Fuel will benefit from a competitively priced, cleaner, more efficient product that may also make them eligible for substantial carbon credits.

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the Alberta Securities Commission, and the British Columbia Securities Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Radar Acquisitions Corp.
    Timothy J. Bergen
    (403) 262-3797 or Toll Free: 1-877-262-5888
    Email: tbergen@radar.ab.ca
    Ascenta Capital Partners Inc.
    Bryson Goodwin
    Investor Relations
    (604) 684-4743 ext 239 or Toll Free: 1-866-684-4209
    Email: bryson@ascentacapital.com