SOURCE: Zenergy International, Inc. (Paradigm Tactical Products, Inc.)

October 29, 2009 18:03 ET

Zenergy International, Inc. Announces the Acquisition of Greenlight Biofuels Ltd., a Biodiesel Facility With the Current Capacity of Producing Five Million Gallons per Year

CHICAGO, IL--(Marketwire - October 29, 2009) - Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to announce that the company is concluding its first acquisition of Greenlight Biofuels Ltd., a biodiesel company situated on 40 Acres of productive land based out of Lubbock, Texas, and currently in production in Littlefield, Texas. The transaction will be completed within a few weeks and funded internally, as not to cause significant dilution to shareholders.

Greenlight Biofuels Ltd. has developed a robust, proprietary, and proven technology capable of processing a variety of feedstock. In alignment with the corporate strategy, having technology that can use flexible feedstock is particularly advantageous, as upon market pricing fluctuation the feedstock sources can be changed in accordance with where the best value lies.

Zenergy International has recently embarked on a biodiesel facility acquisition strategy. With Greenlight Biofuels Ltd. the company has invested in an operation capable of producing five million gallons per year, with 40 acres of land, providing considerable room for expansion.

Greenlight Biofuels Ltd. is strategically located on the transport corridor, close to a number of transport fueling depots, providing a favorable environment for significant local revenues.

"We are very optimistic about the acquisition of Greenlight Biofuels Ltd. by Zenergy International. As new Zenergy shareholders, we look forward to the opportunities for this biodiesel facility to prosper under the guiding hands of Robert and his team, especially in the area of feedstock procurement. Furthermore, we will enjoy watching the development and growth of Zenergy International through acquisition and the expansion of this plant along with others," stated Mitch Elliot, CEO of Greenlight Biofuels Ltd.

"This is the first milestone of our acquisition model as we continue to search for idled and underutilized facilities that would benefit from expertise in feedstock procurement and market access, allowing us to bring the operation from restart to full capacity and profitability in short order. The current biodiesel environment has given us a unique advantage to continue to leverage our efforts around the globe and bring value to our shareholders," stated Robert Luiten, Founder & Chairman of Zenergy International.

As recently announced, the Company's management has refined the initial capital structure, enabling Zenergy to maximize the growth potential of its shareholder value. It is, and will continue to be, of paramount importance to Zenergy International; that as the Company evolves through new business development and acquisitions, that Zenergy International's shareholders are given an opportunity to grow with the Company through an established favorable environment for profitability.

About Zenergy International, Inc.

Zenergy International, Inc. is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws. The Company strives to minimize overall environmental impact. Zenergy is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants. Please visit our website at www.ZenergyIntl.com for more information.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC.

Contact: For more information visit our website at www.zenfuels.com or contact Investor Relations: Gibraltan Financial, (407) 830-9777

Contact Information

  • Contact:
    Investor Relations
    Gibraltan Financial
    (407) 830-9777