SOURCE: Alliance Media Group Holdings, Inc

November 06, 2014 09:17 ET

Alliance Media Group Holdings, Inc Announces New Name for Its New Direction -- Alliance BioEnergy +

WEST PALM BEACH, FL--(Marketwired - Nov 6, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") announced today that it filed a Pre 14C proxy statement to change the Company name to Alliance BioEnergy +, Inc., in order better reflect the Company's new direction. With a majority of shareholders already on board the new name should take effect in early December 2014.


One of the new initiatives in the works is the Company's Research Institute to be helmed by CTS inventor Dr. Richard Blair. Currently being designed in Orlando, Florida this new subsidiary will focus on optimizing the Company's core CTS technology, exploring alternate pathways such as plastics, carbon fiber and fine chemicals from cellulose while looking to create new intellectual properties in the bio-fuels and renewable industries.


The institute will also be home to the Company's state of the art demonstration plant being designed and built by Dr Blair's CTS team. This demonstration plant should be online in the first quarter of 2015 and allow the Company to demonstrate the CTS in real time at commercial scale for potential licensees.


In other news the Company's first CTS plant which is a subsidiary of the Company's AMG Renewables, has closed on its construction and licensing financing with the United States Regional Economic Development Authority ("USREDA") (previously released news on July 16, 2014). USREDA has begun collecting foreign investment for the Company's first plant and anticipates full funding by the end of the first quarter in 2015, which would allow the Plant to break ground by summer 2015.


In addition, the Company's management is in advanced discussions with several multinational organizations and foreign governments for territory and plant licensing. Under the direction of AMG Renewables CEO Joe McNaney, a Company contingency is joining Dr. Blair and Peter Jermyn, CEO of Carbolosic JV partner Thor Renewable Energy Singapore, from November 13 through November 26th on a tour of bio energy and renewable facilities in China and India in order to introduce the CTS technology to parts of the world that may benefit the most from a low cost, effective waste to energy program and to meet with Senior Asian Government Officials in anticipation of signing an MOU for the first Asian CTS plant

About ALLM :

Alliance Media Group Holdings, Inc. (OTCQB: ALLM) is a Florida based public holding company focusing on investments in renewable energy and emerging technologies while staying flexible enough to take advantage of new energy and technology trends. Alliance Media Group Holdings, Inc (or "AMG") currently operates wholly owned subsidiary AMG Renewables, LLC., which is focusing on the "Green Energy" sector and controls licenses and patents for several revolutionary bio-fuel and fine chemical technologies. AMG Renewables management team and Board of Advisors is made up of highly experienced professionals from the bio-fuels, petroleum and bioscience 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.

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