Human BioSystems
Human BioSystems Makes Strategic Change to its Bio-Energy Business
Human BioSystems / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Human BioSystems Makes Strategic Change to its Bio-Energy Business Palo Alto, CA – April 23, 2008 - (OTCBB: HBSC)-Human Biosystems ('HBS'), a Silicon Valley-based biotech company has made a strategic decision to change the focus of its bio-energy business from the production of ethanol and other bio-fuels to the conversion of waste biomass to renewable electrical energy. Renewable Energy Portfolio requirements have dictated to utility companies the requirement to purchase power from renewable energy production companies and the industry opportunities are significant, large and less capital intense. In addition the environmental stewardship contribution has significant financial value to biomass power production companies. To facilitate this decision, HBS BioEnergy, a wholly owned subsidiary of HBS formally chartered to build and operate ethanol fuel facilities in the U.S., was deactivated. HBS has partnered with the principals of Dairy Development Group ('DDG') to form Environmental BioMass Energy ('EBE'). EBE will specialize in the conversion of waste biomass, such as cow manure, to renewable electrical energy using proprietary technology. A Project is being initiated in California. EBE plans to lead the biomass power industry in the US and has multiple projects in various stages of development. The HBS management team and Board of Directors felt that this strategic change, by utilizing a stably priced feedstock, would provide a more predictable profit structure. We also believe that under the new scenario capital procurement would be enhanced in comparison to the feasibility of raising monies for ethanol projects that must contend with large variability in ethanol pricing. HBS management envisions a rapid growth in this market by providing electrical power from renewable and sustainable sources that replace traditional fossil fuels. Revenue from power production is long term and re-occuring and with the favorable raw material costs income forecasts support an enhanced net profit strategy. Human BioSystems Investor Relations Harry Masuda Yes International ll (650) 323-0943 (800) 631-8127 Certain statements contained herein are 'forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the inability of HBS to raise funding for the proposed joint venture projects, failure to consummate the purchase of real property on which the park will be built, failure to obtain regulatory approvals for the construction of the energy park and ethanol plant, failure to obtain the required financing and to construct the energy park and ethanol plant, failure of the energy park and ethanol plant to meet standards, the inability to find raw material for the production of energy and ethanol or to sell the energy and ethanol on acceptable terms, the risks involved in pursuing a business unrelated to HBS’ prior business, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. 24.04.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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