Corporate Governance Regimen Established at The Alternative Energy Technology Center, Inc.
In addition, the Company announced today that the venture between recently acquired Meridian Biorefining, Inc. and Gulf Ethanol Corporation was terminated when the parties could not agree to terms on the licensing agreement. The venture would have allowed GFTE to acquire the rights to new cellulose feed-stock processing technology for ethanol.
The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX , is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently addresses the post-petroleum energy needs of the United States.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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|Date:||Feb 18, 2008|
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