SOURCE: U.S. Sustainable Energy Corp.

December 05, 2006 10:21 ET

U.S. Sustainable Energy Corp. Announces Update on Distribution of Sustainable Power Corp. Dividend

Company to Offer Green Power at Substantial Discounts

NATCHEZ, MS -- (MARKET WIRE) -- December 5, 2006 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has requested a beneficial stockholder ownership list at the close of business Friday Dec. 1st, 2006. All owners of USSE stock as of Friday Dec 1st, 2006 will automatically be issued on a one-for-one basis one share of USSE's subsidiary company Sustainable Power Corp. (SPC) USSE has been exploring the numerous various vehicles available to make this distribution as well as regulatory filings needed to register the common shares that will be distributed to the stockholders. USSE will be updating shareholders, brokerage firms, and related entities that hold USSE shares on or about Wednesday January 3, 2007 as to the newly available trading symbol for Sustainable Power Corp., the assigned transfer agent, and other related information pertinent to this issuance.

John Rivera, CEO of USSE, stated, "Sustainable Power Corp. was established earlier this year as a wholly owned subsidiary focused on Green Power generated from the recycled biomass and biofuel waste products from USSE's organic 7-3-7 fertilizer production. We are able to offer Green Power electricity to customers at rates at least 10% less than current market. USSE forecasts an exponential growth in demand for Green Power over the coming years, and maintains the competitive edge of being able to produce extremely low-priced Green Power on demand. Fueling this surging demand for our Green Power is the Resource Conservation and Recovery Act in the US and the Kyoto protocol for the rest of the world. (http://www.eia.doe.gov/oiaf/kyoto/execsum.html)

As previously announced, Mr. Kelmer R. Smith has been appointed as President of Sustainable Power Corp. Mr. Smith formerly served as President of Mississippi operations for IC Thomasson Associates, Inc. (ICT) www.icthomasson.com. Mr. Smith will manage design and construction of future USSEC production and SPC power plants. Mr. Smith is a professional engineer licensed in five states, a Certified Energy Manager (CEM) and Certified Energy Procurement (CEP) Professional. He has over 22 years of diversified engineering and project management experience in the petrochemical, power generation and consulting engineer industries.

About U.S. Sustainable Energy

USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.

For further information on the company, please visit www.ussec.us

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.

Contact Information

  • INVESTOR CONTACT:
    Redwood Consultants, LLC
    415-884-0348

    MEDIA CONTACT:
    Kevin A. Mercuri
    917-346-9386
    kevin@5wpr.com