SOURCE: Raptor Technology Group, Inc.

January 11, 2011 09:28 ET

Raptor Fabrication and Equipment Announces Completion of New Biodiesel Plant

Greenwave Biodiesel Facility in Fort Lauderdale Operational

GROVELAND, FL--(Marketwire - January 11, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT) today announced that the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc. ("Raptor"), has started up its newest biodiesel plant for its customer, Greenwave Biodiesel of Fort Lauderdale, Florida. The facility successfully produced its first batch of ASTM certified biodiesel and will now begin its commercial production of biodiesel fuel.

The Greenwave facility utilizes Raptor's flagship mid-sized, multi-feedstock production system and is capable of producing 3.6 million gallons of biodiesel per year. System production can be remotely monitored by Raptor to insure maximum efficiency and up-time.

"The Greenwave plant is our first launch of the new year and we have introduced exciting new remote monitoring technology in the plant giving us the ability to monitor production and diagnose any problems increasing overall production and customer satisfaction," said Tom Gleason, President and CEO of Raptor Fabrication and Equipment. "With the reinstatement of the federal biodiesel tax-credit and facilities we currently have in production for customers, 2011 is expected to be a strong year for Raptor," added Gleason.

About Raptor Technology Group, Inc.
Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication and Equipment and is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.

Raptor Fabrication and Equipment has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, FE. as a leader in alternative energy and remediation sectors. 

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication and Equipment, Inc. by Raptor Technology Group, Inc. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. to complete the acquisition of Raptor Fabrication and Equipment, Inc.

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