THE RENEWABLE CORPORATION COMMENTS ON CURRENT ECONOMIC CRISIS
Company is well positioned to create US jobs and decrease dependence upon foreign oil utilizing renewable resources and alternative energy solutions.
Sarasota, FL. December 15, 2008 - The Renewable Corporation (OTCIQ PINKSHEETS SYMBOL: RNWB), developer of the proprietary ALCHEMx™ production platform designed to provide eco-efficient products, services and technologies that leverage renewable resources and alternative energy solutions, comments on the impact of the economic crisis on its business strategy and future business development.
CEO, Andy Badolato stated, “The United States continues to suffer from an enduring economic crisis; including job losses, bank failures and across the board corporate layoffs. There is a common prevalent unified theme emerging from top nationally recognized economists, both the Republican and Democratic parties and the grass roots consumer level. One of the best ways to recover from this crisis and create jobs, grow the economy and decrease our dependence upon foreign oil is to implement and shift the United States to alternative energy solutions, renewable sustainable practices and clean energy technologies.
According to an outline of Barack Obama’s proposed economic stimulus and budget plans, investing in a clean energy future will put America at the forefront of renewable energy industry in the 21st century and create the jobs that will form a new foundation for the middle class. Obama’s plan is to create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future via federal programs designed to help manufacturing centers modernize and help Americans learn new skills to produce green products.
Badolato commented further, “Our Company is well positioned to capitalize on this shift that will be taking place. We utilize renewable resources such as sugarcane ethanol for alternative fuel use, as well as conversion into plastics and other chemicals by utilizing our ALCHEMx™ ethanol production platform technologies as an alternative to foreign petroleum. We are targeting the development of a project in the gulf coast for annual production of 250,000 Metric tons of renewable plastics. This will create jobs, reduce negative impacts on our environment and provide sustainable, clean renewable plastics for use in consumer packaging and other products.”
About The Renewable Corporation
The Renewable Corporation, (TRC) provides products, services and technologies using renewable resources and alternative energy solutions. TRC’s processes are eco-efficient and apply and adhere to sustainable practices and standards. TRC accomplishes this with the ALCHEMx Production Platforms™, which integrates technologies, sustainable manufacturing, installation and distribution with our supply chain partners to meet customer needs, pricing requirements and provide an alternative energy economic advantage. TRC provides these competitive solutions to meet market demand via its operating subsidiaries:
Renewable Chemicals Corporation, (RCC) provides plastics and other chemicals from renewable resources as an alternative to petroleum or petrochemicals. RCC utilizes intellectual property and proprietary engineering systems customized to the specific sustainability and pricing requirements of the consumer packaging and polymer material industries. RCC’s renewable resource provider and joint venture projects partner is COSAN; one of the world’s largest sugarcane processors and ethanol producers with annual crushing capacity of over 44 million tons. Sugarcane is considered the most efficient renewable resource and when compared to corn; has an energy balance 7 times greater, does not rely on a competing food source, yields more than twice as much energy per acre, and has 3 times greater reduction in greenhouse gas emissions.
Renewable Products and Services Corporation, (RPS) provides renewable and alternative energy products, services and solutions for residential, commercial, and municipal installation applications. RPS leverages a national network of company authorized Renewable Technician™ distributors that provide and retrofit products and services in geographical exclusive territories. RPS provides technology products, customized software, marketing tools and resources, training and certification, back office administration, call center support, and web based product information and order fulfillment. RPS oversees and provides its distributors and customers’ access to available financing alternatives, government backed loans, and tax credits under the newly enacted Renewable and alternative energy government spending programs.
Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Exchange Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Corporate Headquarters:
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The Renewable Corporation 2033 Main Street Suite 400 Sarasota, Florida 34237 Telephone: 941-487-7560 Facsimile: 941-487-7625 |
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Email Contacts:
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info@therenewablecorp.com bd@therenewablecorp.com ir@therenewablecorp.com media@therenewablecorp.com careers@therenewablecorp.com |
