Radar Acquisitions Corp.

Radar Acquisitions Corp.

September 12, 2007 17:33 ET

Radar Acquisitions Joint Venture Unaffected by Cease Trade Order

CALGARY, ALBERTA--(Marketwire - Sept. 12, 2007) - Tim Bergen, President of Radar Acquisitions (TSX VENTURE:RAC) would like to inform investors that a cease trade order placed on the company's securities by the British Columbia Securities Commission is a result of the company's requirement to file a current independent technical report for the Buick Property, located in Limon, Colorado. Management is working diligently to rectify this situation and will provide updates as they become available.

Radar's joint venture with New Energy USA, LLC, is unaffected by the cease trade order. The joint venture is moving forward with securing the necessary lands, off-take agreements and equipment needed to develop engineered solid fuel products using a combination of reclaimed coal slurry pond waste and biomass.

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. The company 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 Company's expectations are disclosed in the Company'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