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CEO of Kreido Biofuels to Speak at World Biofuels Markets
Exhibition in Brussels
Camarillo, California – Kreido
Biofuels, Inc. (OTC BB: KRBF) today announced that the company’s
Chief Executive Officer Dr. Joel Balbien, will participate in a state-of-the-industry
biofuels discussion at the World Biofuels Markets Congress & Exhibition
at the Brussels Expo Centre in Belgium. The panel, Biofuels Production
Efficiencies, is scheduled for Wednesday, March 7 at 11:30 – 13:00
CET and will include such notable executives as, Dr. Johannes Ruwwe
of Degussa, Jan De Kok of Desmet Ballestra and Hermann Stockinger of
BDI-BioDiesel International, Austria.
World Biofuels Markets is the
premier meeting place for the Biofuels industry with over 800 high
level executives expected from 40 countries.
Al Gore, Former Vice President, will be giving the keynote presentation
at the conference. This intensive business networking forum will focus
on strategies to increase the uptake of biofuels world wide. The World
Biofuels Markets Conference is presented by the Green Power Conferences,
established in 2003 by a team of environmentally aware professionals.
About the Company
Kreido Biofuels is providing the world renewable energy through its proprietary
process intensification technology - the STT® system. Our manufacturing
methods significantly improve the efficiency, quality, and process
control of biodiesel production. To build a sustainable future, our
goal is to provide the industry cutting edge technology that improves
the manufacturing of biofuels. The Company’s senior management
has over 50 years of experience in the energy sector including the
design, construction, operation, and management of petroleum refining,
natural gas distribution, and chemical processing facilities. Kreido
Biofuels has also established collaborations with university and government
laboratories, such as the US Environmental Protection Agency (US EPA),
to gain a leading position in the development of advanced chemical
processes. Kreido Biofuels is based in Camarillo, California. For more
information about Kreido Biofuels, visit www.kreido.com.
# # #
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, including without limitation
those statements regarding the Company's ability to exploit ethanol
development and production opportunities. These statements are expressed
in good faith and based upon a reasonable basis when made, but there
can be no assurance that these expectations will be achieved or accomplished.
Although the forward- looking statements in this release reflect
the good faith judgment of management, forward-looking statements
are inherently subject to known and unknown risks and uncertainties
that may cause actual results to be materially different from those
discussed in these forward-looking statements including, but not
limited to, our inability to generate sufficient operating cash flow
to construct and adequately maintain our production facilities and
service our anticipated debt, commodity pricing, environmental risks
and general economic conditions. Readers are urged to carefully review
and consider the various disclosures made by us in the our reports
filed with the Securities and Exchange Commission, including those
risks set forth in the Company's Current Report on Form 8-K to be
filed on January 16, 2007, which attempt to advise interested parties
of the risks and factors that may affect our business, financial
condition, results of operation and cash flows. If one or more of
these risks or uncertainties materialize, or if the underlying assumptions
prove incorrect, our actual results may vary materially from those
expected or projected. Readers are urged not to place undue reliance
on these forward-looking statements, which speak only as of the date
of this release. We assume no obligation to update any forward- looking
statements in order to reflect any event or circumstance that may
arise after the date of this release.
Public Relations Contact:
Denica Gordon
DGPR, LLC
Office: 323-253-9337
Email: dgprconsulting@aol.com
Investor Relations Contact:
John Mills or Ina McGuinness
Integrated Corporate Relations
Office: 310-954-1100
Email: Ina@icrinc.com, jmills@icrinc.com
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