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IMEXHS LIMITED — Capital/Financing Update 2009
May 27, 2009
65120_rns_2009-05-27_7a34a3e8-6fac-4153-9d1f-118f63c648f9.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT ASX: SWW
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Australia
Narangba, Queensland: 28 March 2009 03:00 PM Brisbane Time
SOLVERDI WORLDWIDE, LTD (SWW)
COMPANY UPDATE
Solverdi is pleased to announce commissioning of “Casa Grande” renewable energy processing plant, and Nevada installations.
Solverdi commissioned its Casa Grande plant for delivery of renewable energy in the Southwestern United States. The facility is now at commercial status.
The plant will also commission reactors for thermal water “cracking”, and steam generators for Solverdi customer locations in California, Nevada and Arizona.
Revenues from the plant are expected to exceed US$ 7.6 million in fiscal 2010.
“I am very pleased with quality and delivery time. We are starting to see a little backlog. Demand and interest in Solverdi systems continues to grow. We have also been invited to build reactor products for waste water in Nevada and Colorado, which we will begin in earnest next month”, Dennis M Danzik, CEO.
In addition the company announces the contracting of two long standing Nevada firms as new renewable energy contracts.
Las Vegas Dissemination Company of Las Vegas, will install a Solverdi system in conjunction with it continuous uninterruptable power supply.
Gaughn Gaming of Nevada will also be joining the growing list of Solverdi renewable energy clientele.
John Gaughn CEO, stated, “We are proud that our companies are on the forefront of applying green renewable energy technology, here in Nevada. The Solverdi technology will allow us access to reliable green energy, that includes cooling, heating and recycled water use. The Solverdi system is most impressive, and makes complete economic sense”.
ASX ANNOUNCEMENT ASX: SWW
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Australia
Narangba, Queensland: 28 March 2009 03:00 PM Brisbane Time
All Inquires:
Ian Westbrook Manager - Corporate Information Australian Biodiesel Group Limited ABN 60 096 687 839
Corporate & Registered Office and Production Facility Australian Biodiesel Group Limited 195-199 Potassium Street Narangba QLD 4504 Telephone: +61 04 3058 9556 Fax: +61 02 1231 0131
The Information herein contains forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause ABG results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The potential risks and uncertainties may include, but are not limited to, competition in our target markets; potential capital needs; management of future growth and expansion; risk of third-party claims of infringement; protection of proprietary information, customer acceptance of the company's products and fee structures; the success of ABG brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of international markets for the company's products. ABG assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.