SOURCE: Alliance Media Group Holdings, Inc
WEST PALM BEACH, FL--(Marketwired - Feb 11, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") announced today that Joe McNaney of CellMark has been appointed CEO of its wholly owned subsidiary AMG Renewables, LLC (www.amgrenewables.com). As Executive Vice President of CellMark, a privately owned forest paper product and renewable energy company, McNaney leads the organizations sales efforts and has been instrumental in the development of their long-term strategic goals. McNaney has extensive experience in the chemical industry, forest paper products industry as well as the renewable energy industry. In 2010 CellMark acquired Alcan International, adding chemicals and minerals to the CellMark line up and in 2008 McNaney started CellMark Energy, a division of CellMark that is focused on producing green energy. Before joining CellMark McNaney had held senior sales and management positions at Hoechst, Champion International, Ris Paper and Walters Wilcox and Furlong.
Joe McNaney brings a long and distinguished career in executive level management, as well as a proven energy start-up track record, to the Company. "We are excited about the level of professionalism and dedication to renewable energy Joe brings to the Company," said Alliance Media Group Holdings Chairman, Johan Sturm. He went on to say, "Joe's experience and aggressive development plans will fast track our CTS™ development and get our sales force up and running much earlier."
McNaney has already begun applying his vast knowledge and experience to working with subsidiary AMG Energy Group's scientific and engineering teams to implement its plan to develop and commercialization the CTS™ process. He will also begin setting up AMG Energy's sales and marketing departments to begin bringing other "Green" energy technologies to North America through its partnership with Thor Energy (Singapore).
About AMG Energy Group, LLC
AMG Energy Group (the "Company") is a subsidiary of AMG Renewables and its parent Alliance Media Group Holdings, Inc. (OTCQB: ALLM) The Company was established in 2012 to develop and commercialize various renewable or "Green" product pathways. Through its ownership of Carbolosic, LLC and its partnership with Thor Energy (Singapore) the company is currently developing a patented technology known as CTS™ under an exclusive license from the University of Central Florida. The Company is also working with Thor to bring its patented and already commercialized plastics to fuel and biodegradable plastics technologies to North America through licensing and direct sales activities.
About CTS™ and Carbolosic, LLC:
CTS™ was invented by Dr. Richard Blair at the University of Central Florida and patented by the University in 2012. Carbolosic, LLC was created in 2013 and obtained the exclusive, worldwide license to the patent that same year. The patented CTS™ technology is the only known mechanical/chemical, dry process for converting most all cellulose material into fermentable sugars for use in the bio fuels industry as well as other fine chemical manufacturing, without the use of enzymes, bacteria, liquid acids, pressure or applied heat. 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.
Carbolosic's goal is to develop the CTS™ technology 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.
Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (www.AMGholdingsinc.com) 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.
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.