SOURCE: U.S. Sustainable Energy Corp.

April 20, 2007 08:00 ET

Sustainable Power Corp. Receives Exclusive Worldwide License to Acquire USSEC Bio-Waste Products to Produce and Distribute Biofuel

NATCHEZ, MS -- (MARKET WIRE) -- April 20, 2007 -- Sustainable Power Corp. (PINKSHEETS: SSTP), a single-source provider of renewable energy solutions and green power plant facilities, announced today that the company was granted an exclusive worldwide license to distribute the U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) (USSEC) recycled renewable biofuel engineered from USSEC's bio-waste product derived from its fertilizer process from soy beans. Initially, Sustainable Power Corp. intends to distribute the biofuel within the power generation market.

As the exclusive provider of USSEC biofuel, derived from USSEC's bio-waste by-products, Sustainable Power Corp. (SSTP) will compensate USSEC with restricted shares of SSTP common stock that USSEC will place in the treasury of USSEC.

The shareholders of USSEC potentially will benefit from this transaction through the anticipated appreciation in the SSTP shares as sales of the biofuel commence to the power generation markets. It is expected that the shareholders of SSTP will benefit from the sale of electricity and fuel, as well as the Green Certificates and/or Emission Reduction Credits they may receive from the appropriate state and/or federal governmental agencies for supplying its clean energy solutions.

"Obtaining the license to acquire the bio-waste products from USSEC to produce and distribute recycled renewable biofuel is a monumental step in SSTP's becoming a leading supplier of alternative fuels. Further, by providing environmentally-friendly alternatives to the energy markets, we also enable our country to work toward energy independence," stated John Rivera, Chairman and CEO of Sustainable Power Corp.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel.

SSTP services range from feasibility studies, project financing, and site design, to full scale facility development and turnkey plant construction. The superior performance that is expected to be gained from using the renewable fuel source allows SSTP to offer green energy facilities ranging from 5MW to 500MW and featuring complete turnkey power solutions that potentially offer exceptional value over all other market alternatives. For more information please visit www.sustainablepower.com.

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 subsequent U.S. actions and reactions.

Contact Information

  • Investor Contact:
    Jens Dalsgaard
    Redwood Consultants, LLC
    415-884-0348