SOURCE: PetroSun, Inc.

June 12, 2007 06:00 ET

PetroSun Announces Algae-to-Biodiesel Demonstration

PHOENIX, AZ--(Marketwire - June 12, 2007) - PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that it will conduct a three-day algae-to-biodiesel demonstration at its facilities near Auburn, Alabama. The event is currently being scheduled for early August 2007 and will be by invitation only. Participants will be required to execute Secrecy / Nondisclosure Agreements prior to admittance to the demonstration site.

The purpose of this event will be to demonstrate to the alternative energy and transportation fuel industries that the cultivation of algae, extraction of algal oil and the conversion to a biofuel are possible on a commercial scale. As the supply of feedstock for the alternative fuels industry is becoming a major issue worldwide, algae-to-biofuels can be the solution to this problem.

PetroSun will provide algal oil samples and analysis to participants prior to the event for their independent studies. A diesel truck engine will be operated during the three-day demonstration from algae biodiesel produced by the Company.

PetroSun will contact all invited parties at least three weeks prior to the demonstration. All requests should be directed via email to petrosun@cox.net.

About PetroSun

PetroSun's current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. PetroSun is headquartered in Phoenix, Arizona with field offices in Shreveport, Louisiana and Opelika, Alabama. For more information about PetroSun visit the company's website at http://www.petrosuninc.com.

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

  • Contact:
    PetroSun, Inc.
    Investor Relations
    Email Contact
    (602)-487-6486