AlgoDyne Ethanol Signs Non Disclosure Agreement with Asian Investors.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- AlgoDyne Ethanol Energy Inc. ('AlgoDyne' or the 'Company') (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADYN) is pleased to announce that it has been contacted by a consortium of Asian investors who have shown a strong interest in the Company's proprietary mico-algae-based (phytoplankton phytoplankton Flora of freely floating, often minute organisms that drift with water currents. Like land vegetation, phytoplankton uses carbon dioxide, releases oxygen, and converts minerals to a form animals can use. ) process. AlgoDyne's technology provides a powerful means to produce clean, renewable energy from the continual harvest of bio-mass from Photo-Bioreactors. The end result is the production of ethanol from the fermentation of the algae algae (ăl`jē) [plural of Lat. alga=seaweed], a large and diverse group of primarily aquatic plantlike organisms. These organisms were previously classified as a primitive subkingdom of the plant kingdom, the thallophytes (plants that , methanol from the anaerobic digestion of the algae, biodiesel from the extraction and transesterification of the algae, high-quality coal from hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. carbonization car·bon·i·za·tion n. 1. The process of carbonizing. 2. The destructive distillation of bituminous coal, done in the absence of air in order to obtain coke and other fractions having a greater percentage of carbon than the of the algae residue, electricity by converting ethanol and methanol to electrical energy, coal from hydrothermal carbonization and animal feed from the remaining protein residue - all in a carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. neutral way. A Non Disclosure Agreement has been signed between the two parties so no further details can be given at this time. Notice Regarding Forward Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and AlgoDyne assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although AlgoDyne believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in AlgoDyne's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov. |
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