PetroSun Issues Update on Operations in China
25 Noviembre 2008 - 1:26PM
Marketwired
PetroSun, Inc. (PINKSHEETS: PSUD) announced today the following
updates on business activity related to its operations in China.
PetroSun CEO Gordon LeBlanc, Jr. will meet with Shanghai Jun Ya
Yan Development Company, Ltd during the first week of December in
Shanghai to finalize agreements related to the proposed commercial
operations in YanCheng, Xiangshui County and New Zone Cixi,
Zhejiang. The Company and Shanghai Jun Ya Yan have agreed to
establish algae-to-biofuel farm systems within these designated
economic development zones, subject to final approvals from the
governing bodies.
The Company will also be engaged in meetings relating to the
establishment of algae farm systems in the Pearl River Delta and
South China Sea regions. These meetings will also address the
harvesting of open water algae blooms along the coastline as a
source of feedstock for conversion to biofuels, animal feed,
fertilizer or other products.
About PetroSun
PetroSun, Inc. is a diversified energy company with technology
and operations in the commercialization of algae-to-biofuels,
microbial enhanced oil recovery, oil and gas exploration and
development and oilfield pipe and supply.
For more information about PetroSun visit the company's website
at www.petrosuninc.com.
Except historical matter contained herein, matters discussed in
this news release are forward-looking statements and are made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect assumptions and involve risks and uncertainties, which may
affect the Company's business and prospects and cause actual
results to differ materially from these forward-looking
statements.
Contact: Investor Relations Osprey Partners 732-292-0982 Email
Contact
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