CORONA, Calif. / February 3, 2014 / Accesswire / Extreme Biodiesel Inc. (PINK:XTRM) Company President Joseph Spadafore today issued the following company updates.
The Company is pursuing the filing of a S-1 registration statement as part of a transition into a holdings corporation with several subsidiaries in areas of Real Estate, Technology and Biofuel.
This registration statement will enable Extreme Biodiesel Inc. to once again regain fully reporting status with the goal of rejoining the OTCQB.
In the meantime investors may find unaudited financials on otcmarkets.com and the Company will update its shareholders on a regular basis via Press Releases
The company is in direct negotiations with an Indian Reservation located in Southern California to produce needed Biodiesel.
Joseph Spadafore Stated “This is very positive for Extreme, working directly with the Indians should enable more profits for the company as well as expansion into other areas.”
Due to the terms of an NDA Extreme Biodiesel is not able to disclose the name of the Indian party just yet, but we can announce that testing of Extreme Biodiesel equipment is currently being conducted on the reservation. Furthermore we anticipate a joint press announcement upon execution of a formal agreement.
About Extreme Biodiesel
Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently investigating acquisition opportunities related to Bio Diesel and Real Estate
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Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Extreme Biodiesel Inc.