MEMS USA Inc. Officially Changes Name to Convergence Ethanol(TM) Inc.Emerging Alternative Energy Company Granted New Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors and Releases New Corporate Logo LOS ANGELES -- Nevada Corporation MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. USA Inc. (MEMS.OB) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MEMS) announced today that the company has officially changed its name to CONVERGENCE ETHANOL INC. and that it has been granted the new ticker symbol: CETH CETH Center for Electronic Texts in the Humanities (Rutgers University) .OB (OTCBB:CETH). The company has simultaneously launched its new corporate logo. "Our new name and logo positively reflect the emphasis within the company on clean fuels and biorenewable ethanol," said Dr. James A. Latty, president and chief executive officer, Convergence Ethanol. "We are extremely pleased to now be seen as part of the emerging alternative fuels market. The company is setting off down a clear and exciting path." The Convergence Ethanol mission is to support the energy industry's production of cleaner burning fuels, through the development of profitable, biorenewable energy refineries and through the engineering, fabrication and sale of environmentally focused refinery systems and equipment. Convergence Ethanol is currently developing Hearst Ethanol One Inc. (HEO HEO High Earth Orbit HEO Heavy Equipment Operator HEO Higher Executive Officer HEO Highly-inclined Elliptical Orbit HEO Health Education Officer HEO High Eccentricity Orbit HEO Highly Elliptical Orbit/ Orbiters ), a woodwaste-to-ethanol refinery to be built in Hearst Ontario Canada. The company owns 87% of the project. The refinery will use modern catalytic processing, as used in oil refineries, to synthetically convert cellulosic woodwaste into ethanol. "Given the high and rising price of corn, the conversion of low-cost woodwaste will be important in future ethanol production," said Dr. Latty. According to the Canadian Renewable Fuels Association The Canadian Renewable Fuels Association (CRFA) is a non-profit organization in Canada, created in 1993. Its stated purpose is to "promote renewable fuels for transportation through consumer awareness and government liaison activities", and its membership includes "representatives , more ethanol is needed in Ontario in order to realize a renewable fuels mandate that all gasoline sold in that province contain at least 5% ethanol by 2007, with the goal of 10% by 2010. In concert with its new corporate image, Convergence Ethanol has teamed up with Grass Roots Investor Relations Investor relations The process by which the corporation communicates with its investors. , a firm specializing in the renewable and alternative energy market. "We see a very good future for Convergence Ethanol," said Scott Robbins, Convergence Ethanol's IR representative. Mr. Robbins has followed the alternative energy market for the past nine years and has an extensive background in dealing with companies trading over the counter. Recognizing the need for a web presence to present the company's new focus, Convergence Ethanol and Grass Roots have begun development of a totally revamped Convergence Ethanol website that will focus on reaching the large on-line community concerned with alternative fuels and on improving on-line relations with the company's shareholders. California-based Convergence Ethanol is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified, biorenewable energy project developer and a provider of engineered products and systems to the energy industry. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Disclosure This press release contains certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the reports and filings with the Securities and Exchange Commission may affect results achieved by the Company. For more information visit www.convergenceethanol.com. |
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