Radar Acquisitions Corp.

Radar Acquisitions Corp.

December 12, 2007 14:04 ET

Radar Acquisitions Corp.: Management Committee Elects Officers to RPS Fuels LLC

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2007) - Timothy Bergen, President and CEO of Radar Acquisitions Corp. (Radar) (TSX VENTURE:RAC) is pleased to announce that the management committee of RPS Fuels, LLC, has approved Linden Swenson (President) and Speaker Larry Householder (Vice President) as officers.

RPS Fuels, LLC, is the joint venture company formed by Radar and New Energy USA, LLC, to utilize New Energy's Re-Fuel™ Technology (the Re-Fuel™ technology) in the production of an engineered solid fuel product (Re-Fuel™). The Re-Fuel™ technology is a patent pending process that combines coal waste with bio-mass to produce an engineered solid fuel product called Re-Fuel™. Re-Fuel™ is a competitively priced product that looks and behaves like coal, but burns much cleaner.

Linden Swensen is an engineer with 25 years of experience in engineering design, project engineering, contract administration and marketing management in the coal mining industry. He is a former vice president of the Kiewit Mining Group and a current director of Radar.

Speaker Householder has 25 years of successful experience in both private and public administration. From 1996 to 2005, he served Ohio as a county commissioner, state legislator and county auditor. He was elected to the Ohio House of Representatives in 1996, and served two terms before being elected Speaker of the House in 2001. He served the maximum allowable time in that office and is now a director of New Energy USA, LLC.

About Radar Acquisitions Corp.

Radar is a diversified natural resource development company focused on growth through the acquisition, exploration and development of resources and resource related technologies. Radar is focused on a joint venture agreement it has with New Energy USA, LLC, to develop engineered solid fuel products (Re-Fuel™) using a combination of coal slurry pond waste and biomass.

Re-Fuel™ will benefit the environment through the reclamation of coal slurry and other bio-refuse in the production phase and cleaner stack and ash emissions in the power generation phase. Production of Re-Fuel can qualify the producing joint venture company for a variety of tax credits while providing coal waste owners/suppliers with a significant benefit by decreasing site reclamation costs. Users of Re-Fuel™ will benefit from a competitively priced, cleaner, more efficient product that may also make them eligible for substantial carbon credits.

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Radar's expectations are disclosed in the Radar's documents filed from time to time with the TSX Venture Exchange, the Alberta Securities Commission, and the British Columbia Securities Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Radar Acquisitions Corp.
    Timothy J. Bergen
    (403) 262-3797 or Toll Free: 1-877-262-5888
    Email: tbergen@radar.ab.ca
    Ascenta Capital Partners Inc.
    Bryson Goodwin
    Investor Relations
    (604) 684-4743 ext 239 or Toll Free: 1-866-684-4209
    Email: bryson@ascentacapital.com