Attached files
| file | filename |
|---|---|
| 8-K - New Generation Biofuels Holdings, Inc | v210599_8-k.htm |
New
Generation Biofuels Announces Rescheduled Special Shareholders
Meeting
Columbia, Maryland – February 9,
2011 – New Generation Biofuels Holdings, Inc. (OTCQB: NGBF.PK) (the
“Company”), a clean energy company deploying novel technologies to produce
cleaner, renewable biofuels, announced today that it has rescheduled the special
shareholders meeting. The action results from the Company’s
determination that it would not have a quorum present for the meeting, scheduled
for February 10, 2011 at the Company’s offices in Columbia,
Maryland. The rescheduled meeting date is March 3,
2011. The Company also announced that it will amend the proxy
statement filed with the Securities and Exchange Commission to restate the
requested increase in authorized common shares and to eliminate the proposed
increase in the Company’s omnibus incentive plan sought at the
meeting. The amended proxy will reflect a requested increase in
authorized of 250,000,000 to a total of 350,000,000. The action was
taken to simplify approval of the one remaining proxy item, an increase in the
authorized common shares.
About
the Company
The
Company is a clean energy company deploying novel technologies to produce
cleaner, renewable biofuels. The Company has rights to a portfolio of patented
and patent pending technology to manufacture alternative biofuels from plant
oils and animal fats that it markets as a new class of biofuel for power
generation, commercial and industrial heating and marine use. The Company
believes that its proprietary biofuel can provide a lower cost, renewable
alternative energy source with significantly lower emissions than traditional
fuels. New Generation Biofuels’ business model calls for establishing direct
sales from manufacturing plants that it may purchase or build and sublicensing
its technology to qualified licensees. Additional information about New
Generation Biofuels is available at http://www.newgenerationbiofuels.com.
Forward-Looking
Statements
This
news release contains forward-looking statements. These forward-looking
statements concern the Company's operations, prospects, plans, economic
performance and financial condition and are based largely on the Company's
beliefs and expectations. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be materially
different from any future results expressed or implied by such forward-looking
statements. The risks and uncertainties related to our business, which include
all the risks attendant an emerging growth company in the volatile energy
industry, including those set forth in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2009, and in subsequent filings with the
Securities and Exchange Commission. These forward-looking statements are made as
of the date of this news release, and the Company assumes no obligation to
update the forward-looking statements or to update the reasons why the actual
results could differ from those projected in the forward-looking
statements.
|
Media
Contact: Bryan McPhee ph: (410) 652-1159
|
IR
Contact: Matthew Haines ph: (212) 710-9686
|
|
bkmcphee@newgenerationbiofuels.com
|
Matt.Haines@mbsvalue.com
|
- 1 -