SOURCE: Sustainable Power Corp.

Sustainable Power Corp.

December 09, 2009 16:49 ET

Sustainable Power Corp. Implements 2010 Development Strategy

BAYTOWN, TX--(Marketwire - December 9, 2009) - Sustainable Power Corp. (PINKSHEETS: SSTP) presented the following communication from its Chairman, President and Chief Executive Officer, M. Richard Cutler:


Over the previous quarter, we have trimmed our business operations under the current economy and made the cuts required, and poised the company to focus on what I believe will be SSTP's most profitable operation -- the production of alternative biofuels. With that established, our 2010 development strategy is further explored below:

1. Assemble a Technical Advisory Board of credible individuals with credentials and business contacts to present our technology to financing sources which is required to grow our "all-green technology." We have selected a chairman of the technical advisory board and will be selecting additional individuals that have technical experience in our areas of expertise, and thus are able to adapt to and overcome any associated limitations, yet are still able to accomplish our goal of commercializing this technology.

2. With the assistance of this Technical Advisory Board, provide a synopsis for shareholders of the university testing conducted and now completed on the company's process. We will disclose the name of the university, the rationale for our selection of that prestigious university, the university's testing criteria, the goals of the testing, and the results of such.

3. Complete negotiations and a sale of biochar which we currently have on our property and work towards further sales of biochar from future operations. The current discussions in Copenhagen include possible revisions and updates of the global greenhouse treaty -- the Kyoto treaty. Recent legislation and EPA rules have meant that the United States is now in a position to possibly participate in this treaty. As recently as November 4, 2009 the US Senate has introduced legislation for carbon offsets which includes key biochar provisions. The only way to really demonstrate progress in reducing carbon emissions is through utilization of materials such as Sustainable Power's biochar which has the potential to remediate the bad carbon dioxide component from as much as 11,000,000 cubic feet of air for each bushel of soybean used in the process.

4. Work toward submitting a revised version of our Form 10 to the SEC with our current business and opportunities accurately portrayed in an effort to become an SEC "reporting company" which is required to eventually move to a more senior exchange.

5. Introduce our technology to already targeted investors and investment groups with whom we have had ongoing discussions utilizing the experience, presentation skills, and know-how of our Management and Technical Advisory Board. Phase II of our "all-green technology" financing presentations will be principally geared to individual investors, potential joint venture partners, and possibly government organizations.

6. Extend the Investor Relations engagement with Jon Barkman of Riverview Capital Enterprises to maintain a seamless communication exchange between shareholders, potential investors, and a representative who has witnessed the company's technology from the onset of its course to commercialization.

In the coming week, the company will provide its shareholders and the investment community with a series of focused announcements that will help clarify the direction of the company and the role our Technical Advisory Board will play in assisting us with ultimately developing and commercializing this world-changing technology.

About Sustainable Power Corp.

Sustainable Power Corporation (PINKSHEETS: SSTP) is a green energy provider focused on environmentally safe biofuels (Vertroleum®), biogases, and biochar. The company has developed a renewable fuel source able to be produced from non-food organic feed stock.

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.

Contact Information

  • For More Information, Contact:
    Riverview Capital Enterprises
    Jon Barkman
    (866) 845-0105