BookMerge Technology, Inc.
OTC Bulletin Board : BRKM

July 19, 2011 08:30 ET

Extreme Biodiesel Receives Approval for Renewable Fuel Standard II (RIN) Credit

CORONA, CALIFORNIA--(Marketwire - July 19, 2011) - BookMerge Technology, Inc. (OTCBB:BRKM), through its wholly owned subsidiary Extreme Biodiesel, is proud to announce that the company`s biodiesel has been approved for the RIN credit. Carbon Solutions Group has agreed to sponsor Extreme Biodiesel for the EPA Renewable Fuel Standard II (RIN) and California Low Carbon Standard (LCFS) registrations. This agreement also include procedures for creating, tracking, auditing and separating RINS and LCFS credits that are sold in the market for $1.86 per RIN and $0.10 LCFS per gallon of biodiesel produced and sold to end users, creating additional cash flow and potential profitability to Extreme Biodiesel. The parties have also agreed for Extreme to produce 125,000 gallons of biodiesel for CSG at a discounted rate.

Extreme Biodiesel CEO, Rick Carter commented "We are extremely pleased to have been approved for the RIN credit. This is a significant milestone for the company and will benefit the bottom line. Carbon Solutions Group is a strong partner and we look forward to a prosperous relationship."

About RIN

RIN is short for Renewable Identification Number and is a renewable fuel credit. A RIN credit is a serial number assigned to each gallon of renewable fuel as it is introduced into U.S. commerce. RIN credits were created by the Environmental Protection Agency (EPA) as part of the Renewable Fuel Standard (RFS) to track our nations progress toward reaching the energy independence goals established by the U.S. Congress. RIN credits are the currency used by obligated parties to certify compliance they are meeting mandated renewable fuel volumes. All gasoline produced for U.S. consumption must contain either adequate renewable fuel in the blend or the equivalent in RIN credits.

Investors are encouraged to visit our IR Hub at http://agoracom.com/ir/ExtremeBiodiesel where they can post questions and receive answers within the same day, review questions and answers posted by other investors, speak with fellow shareholders in a monitored environment and stay current on the development of our company.

About BookMerge Technology, Inc. (OTCBB:BRKM)

BookMerge Technology is an alternative fuel and recycling company. The company's mission is to provide a cost effective, high quality alternative diesel fuel, create Green Jobs, reduce the environmental impact of fossil fuels and diminish U.S. reliance on foreign oil. BookMerge Technology acquired Extreme Green Technologies, dba Extreme Biodiesel to fulfill that mission. Extreme Biodiesel is a fully licensed and permitted Biodiesel producer operating in Corona, Ca. Our facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant brown grease recycling service.

Safe harbor Statement

This press release may contain certain forward-looking statements within the meaning of sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe-harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable there can be no assurance that these statements included in this press release will prove accurate.

Contact Information

  • BookMerge Technology, Inc.
    Rick Carter
    CEO
    951-734-5344