SOURCE: HydroGenetics, Inc.

June 09, 2009 07:00 ET

Buffalo Biodiesel Inc. Signs Spot Contract With Midwest Broker

100,000 lbs Contract of Blended Feedstock

MIAMI, FL--(Marketwire - June 9, 2009) - HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce today that Buffalo Biodiesel Inc. (BBD), a wholly owned subsidiary of HydroGenetics Inc., entered into a delivery contract of 100,000 lbs of high quality blended recycled biodiesel feedstock with a Midwest Biodiesel Broker.

The contract requires BBD to deliver 100,000 lbs of high quality recycled biodiesel feedstock in June.

BBD has delivered a contract of 750,000 lbs of high quality recycled biodiesel feedstock in April, 1,150,000 lbs in May and is in the process of fulfilling June and July contracts of 1,000,000 lbs per month. The 100,000 lbs contract is a blend of high quality yellow and brown grease feedstock that is less expensive to the customer while providing higher profit margins to the company.

BBD will continue to update our shareholders as events unfold.

About HydroGenetics, Inc.

HydroGenetics, Inc. is an alternative energy company. The company's mission is to acquire and develop alternative and "green" technology companies into revenue producing, profitable businesses, utilizing investment capital and other resources including management and strategic planning to increase shareholder value. HydroGenetics, Inc.'s wholly owned subsidiary, HydroAxis Technologies, Inc., is currently developing "green hydrogen generating technology systems for any internal combustion engine," which will significantly reduce gasoline consumption in existing and new vehicles.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Mark Balbirer