SOURCE: Sustainable Power Corp.
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March 24, 2008 09:55 ET
Parlacen President Julio Gonzalez-Gamarra Joins Sustainable Power Corp.'s Board of Directors
BAYTOWN, TX--(Marketwire - March 24, 2008) - Sustainable Power Corp. (PINKSHEETS: SSTP)
today announced that Parlacen President Julio Gonzalez-Gamarra was elected
to Sustainable Power Corp.'s Board of Directors.
President Gonzalez-Gamarra recently visited the Sustainable Power plant in
Baytown, Texas and after reviewing plant operations and assessing the
results of the Rivera Process, he fully endorsed the company operations in
a press conference given in Baytown. At that conference, Ricardo Luna
Waldheim from the Parlacen Department of Engineering, speaking for the
Parlacen delegation, noted, "[Underdeveloped] countries don't have crude
oil, but the do have the agriculture to make a joint venture... instead of
being energy dependent, they could be exporting crude oil. It's a great
opportunity for the democratic countries."
Mr. Gonzalez-Gamarra is the incumbent President of Parlacen for the State
of Guatemala for the 2007-2008 term. Mr. Gonzalez-Gamarra served as a
Deputy in the Guatemalan Congress (1994-96), President of the Agriculture,
Livestock and Fisheries Commission (1995-96) and Vice-President of Parlacen
for the State of Guatemala (2006-07).
John Rivera, CEO of Sustainable Power Corp, stated, "We are happy to have
President Gonzalez-Gamarra join our board at such an important time in our
company's development. He will be a valuable asset in our expanding
operations in Central and South America; President Gonzalez-Gamarra will be
in a position to provide significant help in Guatemala where initial steps
have been taken to produce up to 1 Giga-watt of green power to the private
sector of the country."
About the PARLACEN
The PARLACEN, or Parliament of Central America, was created by the
agreements "Esquipulas II," signed in 1987 by the presidents of the region,
but did not start its operation until October 28, 1991. The forum is
composed of representatives Guatemala, El Salvador, Honduras, Nicaragua,
Panama, and the Dominican Republic. Mexico attends meetings of the
PARLACEN as an observer.
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider
focused on environmentally safe power generation. The company has the
exclusive rights to develop and manage a portfolio of green power plants
utilizing the USSEC biocrude discovery, a renewable fuel source that uses
cellulosic biomass from various sources. For more information please visit
www.sstp.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect," and similar expressions identify
such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the Company
and its operations, markets, product, and distributor performance, the
impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors available from
the Company.