SOURCE: Aventura Equities, Inc.

March 10, 2010 10:46 ET

Aventura Equities, Inc. Finalizes Acquisition of Majority Control in Renewed World Energy

MCHENRY, IL--(Marketwire - March 10, 2010) -  Aventura Equities, Inc. (PINKSHEETS: AVNE) has acquired a majority interest in Renewed World Energies, Inc. of Georgetown, South Carolina, thereby shifting its focus to the alternative energy sector in a very significant corporate move. Directly related to the acquisition, Richard Armstrong, Tim Tompkins and Richard von Gnechten, have replaced the Board of Directors of Aventura Equities. Mr. Armstrong will assume the Chief Executive Officer position, while Mr. Francis Manzo will operate Wintree Corporation. A company 49% controlled by Aventura Equities, Inc.

Renewed World Energies, Inc. ("RWE") is launching one of the world's first commercially-viable, closed systems, automated microalgae production facility. RWE's efforts are pioneering a new era of mass adoption of bio-fuel manufacturing and algae production for food and Nutraceutical consumption over the past six years. RWE has developed a scalable closed system bioreactor that not only grows algae but will make RWE the low cost vertically integrated harvester and extractor of oil from microalgae, as well. RWE's proprietary and patent pending process has been engineered to utilize carbon via Flue Gas or bottled CO2 but foster a new approach to reducing industrial greenhouse gas emissions by capturing such emissions as an input to its bio-reactor.

In the short term, RWE's mission is to be the leader in the manufacturing and sale of algae oil and a lead supplier of products and services associated with such manufacturing and sales. As evidence, RWE has recently announced a Joint Venture with BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL). Through the Joint Venture the Company will begin offering algae products that range from algae cake for livestock feed to raw materials for use in the pharmaceutical, natural food and cosmetics industries. Longer term, RWE intends to continue its research related to the discovery of many other profitable and viable uses of RWE's core technology, including the cost effective production and refining of commercial quantities of "green fuel."

Francis Manzo, III, Former Chief Executive Officer of Aventura Equities commented,
"As a result of this acquisition, I will now focus on Aventura Beverages and Holihan/Van Houten, Inc. wholly owned subsidiaries of Wintree Corporation to develop, existing, former and new brands of beverages and functional foods. As a result of the transaction, Aventura Equities, Inc. will apply to change its name to Renewed World Energies International, Inc."

To view this release in video format:
http://www.vodnewswire.com/vodnewswire/news/aventura-20100310/

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as AVNE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Website: www.rwenergies.com
Website: www.biocentricenergy.com

Contact Information

  • Aventura Equities Investor Relations
    Jeff Berkowitz:
    561-348-0524