SOURCE: Alliance Media Group Holdings, Inc

Alliance Media Group Holdings, Inc

February 06, 2014 09:36 ET

Alliance Media Group Holdings, Inc Acquires Controlling Interest in AMG Energy Group, LLC

WEST PALM BEACH, FL--(Marketwired - Feb 6, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") -- The Company announced today that its wholly owned subsidiary AMG Renewables, LLC (www.amgrenewables.com) has entered into an agreement with AMG Energy Group, LLC to acquire a controlling interest of its outstanding membership units, as reported in the Company's 8K filing of February 4, 2014. 

AMG Energy Group, LLC controls the license to a new Patented technology for converting cellulose to sugar and other fine chemicals, known as CTS™, through its subsidiary Carbolosic, LLC. AMG Energy Group's goal is to develop the CTS™ technology through the construction of a full-scale pilot facility and then to work with the bio fuels industry for the implementation of the commercialized process.

AMG Energy Group is the first acquisition for the Company and represents the type of targeted technologies the Company is interested in. The Company's President and CEO Daniel de Liege said, "The CTS technology could change the way the world processes biomass and sugar." He went on to say, "We looked at several competing technologies and felt that the CTS process could be far superior in yield, energy efficiency and cost per pound of fermentable sugar, if optimized to its full potential."

About CTS™:

CTS™ was invented by Dr. Richard Blair at the University of Central Florida and patented by the University in 2012. Carbolosic obtained the exclusive, worldwide license to the patent in 2013. The patented CTS™ technology is the only known mechanical/chemical, dry process for converting cellulose material into sugar for use in the bio fuels industry as well as other fine chemical manufacturing without the use of enzymes, bacteria or liquid acids.  CTS™ is poised to become the preferred method for cellulose conversion due to its lack of harsh liquid acids, applied heat or pressure, enormous capital requirements as well as the absence of any hazardous byproduct materials. 

AMG Energy Group's goal is to develop the CTS™ technology (www.CarbolosicEnergy.com) to a commercial scale, build full scale Cellulose to Sugar plants both domestically and abroad as well as to license the technology to relevant organizations and governments. AMG Energy Group, a subsidiary of AMG Renewables, is working with some of the top industry professionals on the design, construction and implementation of a full-scale pilot plant. AMG Energy Group has also begun discussions with several ethanol producers, local municipalities and international government representatives. 

About AMG:

Alliance Media Group Holdings, Inc. (OTCQB: ALLM) is a Florida based public holding company focusing on investments in strong, proven markets while staying flexible enough to take advantage of emerging trends in a variety of industries. Alliance Media Group Holdings, Inc (or "AMG") currently operates two wholly owned subsidiaries: AMG Entertainment. LLC and AMG Renewables, LLC. Each division is independent of the other and is managed by seasoned professionals in their respective fields. AMG Entertainment is an all-inclusive "Mini Major" style Hollywood Studio (as that term is used in the industry) with development, production, promotion and distribution capabilities of not only feature films but television and music as well. AMG Renewables is focusing on the "Green Energy" sector and has identified several emerging technologies for development and possible acquisition. AMG Renewables management team and Board of Advisors is made up of highly experienced professionals from the bio-fuels, petroleum and bio-science industries.

Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance Media Group Holdings, Inc actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance Media Group Holdings, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance Media Group Holdings, Inc disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

Contact Information

  • Public Relations and Media Contact:

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    Constellation Asset Advisors, Inc
    (775)771-5808