TEMECULA, CA / ACCESSWIRE / April 28, 2014 / Extreme Biodiesel, Inc. (XTRM) today announced a corporate update.
Extreme Biodiesel Inc. is proud to announce the formation of a new wholly owned subsidiary, Extreme Biodegradable Products Inc.
Extreme Biodegradable Products Inc. will be handling all of the sales and promotions for the Sunburst Biofuels and Extreme Biodiesel Joint Venture. Sunburst Biofuels will be responsible for all the manufacturing of the new products being made in their 9,000 foot location, in San Bernardino.
Some of Extreme’s equipment, which was moved out of their Corona location, has already been relocated to Sunburst Biofuels plant. The new ester or glycerin based products can be extremely profitable, and common uses are concrete form release and primary slide release, used on asphalt and concrete trucks prior to material loading.
This is a quickly expanding and emerging market due to new EPA regulations now in place. Joe Spadafore stated "in continuing with our plan to become a holdings company XTRM made the decision to place this development into a subsidiary now rather than later. This product currently sells for as high as $5.15 to $6.00 per gallon and has no road tax like biofuels, making it extremely profitable. It’s a cheaper product to produce as esters are, in fact, unfinished biofuel, saving the finishing fuel cost and glycerin is the free byproduct left over from biodiesel production."
The company has also committed to R&D research under Dr. Busch, which will create more niche products. XTRM will announce more about the additional products as they become available.
About Extreme Biodiesel and XTRM Cannabis Ventures
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 repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.
The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website at http://xtrmcannabisventures.com
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