Advanced Plant Pharmaceuticals, Inc. Announces Acquisition of Biodiesel Producer World Health Energy, Inc.
Tuesday January 9, 4:15 pm ET
Company to Be Renamed World Health Energy, Inc. to Reflect New Business Plan Focused on Rapidly Growing Renewable Energy Market
NEW YORK, NY--(MARKET WIRE)--Jan 9, 2007 -- Advanced Plant Pharmaceuticals, Inc. (OTC BB:APPI.OB - News) today announced the company has completed the acquisition of World Health Energy, Inc., an emerging energy company focused on biofuels and renewable energy production and distribution. A new ticker symbol to reflect the new corporate name of World Health Energy, Inc. will be applied for in the near future.
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World Health Energy, Inc. plans to use renewable, cost-effective agricultural products from around the world to develop natural alternative fuels and marketable agricultural by-products such as feedstock. WHE's proposed biodiesel production plants are designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214 as well as ASTM D6751 specifications.
In addition to renewable energy production, WHE's unique process will create a newly engineered feedstock as a by-product of the biodiesel production. Due to feedstock shortages worldwide, the Company plans to sell the feedstock as a secondary source of revenue, capitalizing on all aspects of the biodiesel production process.
The company is working towards the most immediate goals of merging with World Health Energy, Inc. and closing on the $1.2 million financing previously announced for the construction of two bio-diesel plants. H & H Equipment, Inc., a privately held Kentucky Corporation with major connections in coal mining, washing facilities, loading and blending facilities and marketing of coal for utilities and other large industrial users, which signed a Letter of Intent (LOI) to provide the necessary funding for two biodiesel plants.
As previously announced, the first of the two biodiesel plants will be built in Kentucky and the first customer, a coal mining operation, will require 5 thousand gallons a day. Revenue for the first full quarter of operation in Kentucky is projected at $1 million, or $4 million annually, for the mining operation alone. Another plant is slated for construction in Florida.
To be added to APPI's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@advancedplantpharm.com.
About World Health Energy, Inc. (www.worldhealthenergy.com)
World Health Energy, Inc. is an emerging renewable energy and biofuel company. The company has plans to produce and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels.
About Advanced Plant Pharmaceuticals, Inc. (www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (APPI) has focused on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(TM) worldwide through various sales distribution channels. The company is currently in the initial stages of shifting its business plan to enter the rapidly growing renewable energy market.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
Contact:
Advanced Plant Pharmaceuticals, Inc.
Investor Relations:
LC Group
Rick Lutz
(404) 261-1196
ir@advancedplantpharm.com
