Message #3 From:
NewsBot Date: September 7, 2007 08:49:17 PM
Pure Biofuels Adjourns Special Meeting to August 24, 2007
Pure Biofuels Corp. (OTCBB: PBOF) (“Pure
Biofuels”) today announced that it convened
its special meeting of stockholders on Friday, August 10, 2007 at
10:00 a.m. (Eastern Time) and then immediately adjourned the meeting,
with no vote being taken on any matter, until Friday, August 24, 2007 at
10:00 a.m. (Eastern Time).
The location for the August 24, 2007 meeting is Canaval y Moreyra 380,
Ofic. 402, Edificio Torre Siglo XXI, San Isidro, Lima, Peru. Pure
Biofuels stockholders of record as of June 25, 2007 are eligible to vote
on the proposed amendment of the Articles of Incorporation of the
company to increase the number of authorized shares of common stock from
93,750,000 to 250,000,000 and to authorize 1,000,000 shares of preferred
stock, par value $0.001, and to amend and restate the company’s
2006 Stock Option and Award Plan to, among other things, increase the
number of shares authorized under the plan from 18,000,000 to 21,000,000
and expand the types of awards that may be granted under the plan, that
will be considered at the August 24, 2007 special meeting.
Pure Biofuels stockholders are encouraged to read the definitive Proxy
Statement for complete details regarding the foregoing proposals for the
special meeting. Pure Biofuels’ stockholders
and other interested parties may obtain, without charge, a copy of the
Proxy Statement filed with the SEC from the SEC’s
website at http://www.sec.gov. Pure
Biofuels’ stockholders and other interested
parties may also obtain, without charge, a copy of the Proxy Statement
by directing such request to Pure Biofuels Corp., 9440 Little Santa
Monica Blvd., Suite 401, Beverly Hills, CA 90210. Phone 310-402-5916.
About Pure Biofuels Corporation:PBOF
Pure Biofuels is committed to becoming a leader in Latin America’s
rapidly emerging biofuels industry. Pure Biofuels’
flagship project, the Callao Port biodiesel refinery near Lima, Peru, is
scheduled to commence production during the first quarter of 2008. The
Callao Port refinery will process biodiesel from crude palm oil
feedstock. Pure Biofuels has secured memorandums of understanding with
local fuel distributors for all of Callao Port’s
annual biodiesel production. The company believes Peru’s
economic growth and expansion, which includes a more than doubling of
foreign direct investment in the country to $3.5 billion in 2006, adds
to Peru’s promise as an attractive geography
for alternative fuel production and development. For more information
about Pure Biofuels, please visit: http://www.purebiofuels.com/home.html
About Biodiesel
Biodiesel is a clean and renewable energy source derived from vegetable
oil that can be used in unmodified diesel engines. Biodiesel improves
overall engine performance, is 100% compatible with existing diesel
vehicles and infrastructure, and has proven reliable in over 50 million
miles of road testing. Biodiesel significantly reduces harmful exhaust
emissions, which contribute to global warming; is non-toxic at any
level; and is the first and only fuel to have passed the Clean Air Act.
The United Nations expects biofuels to account for a full 25% of world
energy needs by 2025.
Pure Biofuels Corporate Communications Sean Mahoney, 310-867-0670
(Media) smahoney@purebiofuels.com or ICR,
Inc. (Investor Relations) Ina McGuinness, 310-954-1100
