SOURCE: SNRG Corp.

March 25, 2010 10:00 ET

SNRG Corporation Announces Rubber Marketing Initiatives

HOUSTON, TX--(Marketwire - March 25, 2010) -  SNRG Corporation (PINKSHEETS: SNRG) announced this morning that the Company is launching a wholly owned subsidiary, DRC Elastomers, LLC ("DRC"), for the global marketing of a variety of devulcanized rubber compounds to be manufactured by the company.

The Company also announced the appointment of Steven J. Renegar as Vice President, Sales and Marketing for DRC. Mr. Renegar is a senior rubber industry sales and marketing executive with an extensive career in various sectors of the rubber industry. This experience includes new product development, product branding, product packaging, laboratory management, quality control, logistics, distribution networks, technical services, customer service and structuring of global agent networks. Mr. Renegar has an MBA from the University of Texas, an MS Degree from Pittsburg State University and a BA Degree (Chemistry) from Southwestern College.

"We are very fortunate to have Steven join our team," stated Mr. Elroy Fimrite, President of SNRG. "His long time and extensive relationships in the industry, coupled with his training and knowledge of the solutions customers are looking for, will maximize the market benefits of our devulcanization technology."

"I am excited by the properties delivered by the company's devulcanization technologies," stated Mr. Renegar. "With the coming shortage of virgin rubber and the record high prices customers are facing, the ability to offer customers a good quality, cost-effective replacement material is an opportunity I am pleased to be part of."

The company has launched this marketing initiative in anticipation of production of marketable quantities of product by or before the third quarter of this year.

FORWARD-LOOKING STATEMENTS AND SAFE HARBOR STATEMENT:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "plans," "hopes," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the Company's business focus; the Company's ability to acquire its target facilities and raise needed funding; the potential productivity of our proposed properties; changes in the operating costs and changes in economic conditions and conditions in the recycling and de-manufacturing industry and the unproven nature of such technologies and its commercial viability. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. SNRG Corporation takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

Contact Information

  • Investor Relations Contact:

    Mr. Jim Elbert
    Destiny Focus Consulting Inc.
    630-847-4255

    Authorized by:
    D. Elroy Fimrite
    President & CEO
    Contact: Email Contact