Sustainable Power Corp. to Acquire 1,000 Acres for 1 Gigawatt Power Plant in Guatemala
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BAYTOWN, TX, Aug 18 (MARKET WIRE) --
Sustainable Power Corp. (PINKSHEETS: USSE) is pleased to announce that it
has reached an agreement to acquire through SSTP Central America S.A.,
its Central American affiliate, a total of 1,000 acres of property to be
used for the construction of a plant for production of Sustainable Power
Corp.'s products and installation of a 1 Gigawatt power plant in
Guatemala. The agreement includes a requirement that the partner clear a
total of 112 acres immediately, which has already commenced. The
agreement also includes a manufacturing building near Guatemala City
which would be used for testing and initial production. The acquisition
will be finalized upon completion of appropriate documentation with the
property contributed valued at approximately $4,000,000.
John Rivera, Chairman and CEO of Sustainable Power Corp. stated, "This
acquisition continues our intention of expanding our business throughout
Central America and in other parts of the world. This plant, when
completed, will permit us to begin producing green power at very
competitive pricing with our friends in Central America."
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service
provider focused on environmentally safe power generation. The company has
the exclusive rights to develop and manage a portfolio of green energy
plants utilizing a renewable fuel source able to be produced from non-food
feed stock. For more information please visit www.sstp.us
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify
such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed
or implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies resulting
from terrorist actions, and U.S. actions subsequently; and other factors
available from the Company.
Investor Contact:
Fusion Consulting Group, LLC.
Phone: (702) 434-8692
www.fusionconsultinggroup.net
Copyright 2008, Market Wire, All rights reserved.
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