SOURCE: Alliance Media Group Holdings, Inc

July 16, 2014 09:00 ET

Alliance Media Group Holdings, Inc Partners With the United States Regional Economic Development Authority (USREDA)

WEST PALM BEACH, FL--(Marketwired - Jul 16, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") announced today that through its subsidiary Carbolosic, LLC the Company has entered into an agreement with the United States Regional Economic Development Authority (USREDA) to provide up to $150,000,000 in debt funding for the construction of five (5) Cellulose to Sugar (CTS) plants in South Florida through the South Atlantic Regional Center (SARC).

USREDA is one of the largest and most respected processors of investment-based immigration (EB-5) programs. The agreement calls for the construction of five (5) Carblosic plants over the next several years starting with the first plant in rural Palm Beach County. Each plant costs approximately $30,000,000 in Capital Expenses and Licensing Fees and can produce more than $112,000,000 in revenues each year, at full capacity. USREDA has begun cultivating immigration investment through its offices in both China and South Florida. It is expected that the first plant could come online in by 2015.

"We are extremely excited to be partnered with USREDA on this project," said Company CEO Daniel de Liege. "They have a proven track record and a long history of success with funding EB-5 projects," he went on to say.

About USREDA and SARC:

USREDA (United States Regional Economic Development Authority) is built on maintaining the highest ethical standards, and is committed to serving our clients by helping them to realize their financial goals. This starts and ends with understanding each individual client, their objectives, and how to harness the unique opportunities that will allow them to achieve those objectives.

We are a global team of business experts, international attorneys, immigration specialists and support staff, equipped to provide valuable consulting services to meet your needs. If you're looking for a trusted partner in EB-5 consulting, project management, or wealth accumulation, allow USREDA to put its experience to work for you today.

South Atlantic Regional Center, or SARC, is a Federally approved Regional Center headquartered in prestigious Palm Beach County, Florida. We also have offices in Hong Kong, Macau, Beijing, Shanghai, London, and Dubai to better serve you wherever you reside.

Over the past three years, SARC has established itself as a global leader in investment-based immigration services by striving to exceed the expectations of our clients. Backed by a premier team with unmatched EB5 and business management experience, SARC's knowledge and professionalism will help to ensure that your immigration objectives are met with success

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.

About AMG :

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.

Contact Information

  • Public Relations and Media Contact:

    Steffan Dalsgaard
    Constellation Asset Advisors, Inc
    (775)771-5808