SOURCE: Aventura Equities, Inc.

April 28, 2010 09:00 ET

Renewed World Energy Completes Control System Installation for BioCentric Energy Holdings

GEORGETOWN, SC--(Marketwire - April 28, 2010) - Aventura Equities, Inc. (PINKSHEETS: AVNE) announced today that their majority owned subsidiary, Renewed World Energy, Inc. ("RWE"), has completed their engagement to engineer, build and install a "state of the art," control system for the Bio-reactor unit developed by BioCentric Energy Holdings (PINKSHEETS: BEHL). The combined system, utilizing BioCentric's photobio-reactor and RWE's control system, will be the complete algae growing system to be marketed by their recently formed joint venture, Alta3 Global.

RWE's CEO, Rick Armstrong, and CTO, Tim Tompkins, arrived at the Santa Ana, California site March 25th and completed the start-up operations by March 30th. "The start-up was an unqualified success," stated Rick Armstrong. Mr. Armstrong went on, "This start-up is significant as we begin to market a working algae growing system that will result in significant revenue streams for both AVNE and BEHL through the joint venture enterprise."

"Having an engineered control system keeping a constant eye and monitoring the growth and production of the algae in the closed loop photo bio-reactor system is paramount to the successful production and ultimate harvesting of uncontaminated algae product," stated Dennis Fisher Chairman of BEHL. "We are now confident that we can market a commercially viable algae photo bio-reactor system through Alta3 Global; we are looking forward to a long and profitable relationship with RWE and their professional staff." Mr. Fisher went on to say, "We have already been in discussions with prospective customers, some of whom have already visited our system recently."

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.aventuraequities.com
Website: www.rwenergies.com
Website: www.biocentricenergy.com

Contact Information

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