Renew Energy Resources Announces Entry Into the Bio-Diesel Market

Company Establishes First Facility for Management and Bio-Diesel
Production
TAMPA, Fla.--(Business Wire)--
Renew Energy Resources (Pink Sheets:VTBD) ("RENEW" or the
"Company") today announced that it has entered into an agreement for
the consulting and management of a mid-sized Bio-Diesel facility which
will produce "Fatty Acid Methel Esters" (FAME). This is the first in a
series of consulting/management/acquisition agreements that the
company intends to execute which will allow the company to create a
vertically integrated solution for the Bio-Diesel industry.

The Company's project management team will commence work at this
facility immediately and anticipates ramping up production capacity as
process improvements are implemented. RENEW anticipates bio-diesel
sales in mid to late June with recurring sales monthly thereafter.

This facility is a proven operating asset and should allow the
Company to execute previously negotiated sales contracts for the
delivery of Bio-Diesel which will be a blend of "Soy Methel Esters"
and FAME.

"Our team has worked diligently to develop a highly focused
business direction with regards to Bio-Diesel production and sales.
This facility represents the initial positive step towards
implementing and executing our stated plan. We believe it should lead
to revenue in the near term," stated Alex H. Edwards III the Company's
CEO. "We remain focused on delivering quality products via our
vertical integration model with a long term goal of creating
sustainable shareholder value."

Investors are cautioned that certain statements contained in this
document are "Forward-Looking Statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements which are predictive in nature, which
depend upon or refer to future events or conditions, which include
words such as "believes," "anticipates," "intends," "plans,"
"expects," and similar expressions. In addition, any statement
concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects,
and possible future RENEW actions, which may be provided by
management, are also forward-looking statements as defined by the act.
These statements are not guarantees of future performance.

Renew Energy Resources, Tampa
Stephen Steckel, 813-865-1120
ssteckel@renwenergy.com

Copyright Business Wire 2008