Message #6 From:
NewsBot Date: April 10, 2008 08:14:29 PM
Colusa Biomass Energy Enters into Agreement with PAN GEN GLOBAL PLC and Sets Record Date for Distribution of Shares
Colusa Biomass Energy Corporation (Pink Sheets: CLME) (CBEC), announces
that it entered into an Asset Purchase Agreement whereby its assets,
liabilities and business operations will be transferred to PANGEN
GLOBAL PLC (PGG) in exchange for a controlling interest in PGG.
Tom Bowers, CBEC's principal shareholder and CEO, stated, "The
transaction provides an initial funding of $4 million with a best
efforts follow-on $40 million funding. The initial funding will be
utilized to conduct testing of our cellulosic technology by an
independent and well respected engineering firm. The goal of the testing
is to validate the biomass technology for the conversion of waste rice
straw and rice hulls into ethanol. Included in the testing is
confirmation of an important coproduct, economic quantities of market
quality silica. The technology validation is expected to support the
economic feasibility of our business model. Once validated, additional
funding is expected to be available in order to complete the engineering
and construction of the first bio-refinery."
PGG shares received by CBEC will be distributed pro-rata to the CBEC
shareholders. The record date for shareholders of CBEC to participate in
the PGG share distribution is March 12, 2008. PGG, a public company, is
incorporated in the United Kingdom. The shares have not yet been listed
for public trading on an exchange. Management anticipates that the PGG
shares will be listed for trading; however, the listing exchange and
date of listing have not yet been determined. An Information Statement
describing the terms and conditions of the distribution of the PGG
shares will be provided to the shareholders of record of CBEC.
The current controlling shareholders of CBEC will become the controlling
shareholders of PGG. Mr. Tom Bowers will be named CEO and chairman of
board of directors of PGG. The business operations of CBEC will be
conducted in Colusa Biomass, Inc., a newly created, wholly-owned
subsidiary of PGG. The corporate headquarters and administration will be
located in Reno, Nevada. PGG and Colusa Biomass, Inc.’s
contact information is:
CBEC will be changing its name to Alpine Management Systems, Inc. and
will continue as a publicly traded company on the Over-The-Counter Pink
Sheet Market. A new trading symbol shall be obtained and will be
published as soon as it becomes available. The controlling shareholder
of Alpine Management Systems, Inc. (AMS) is Fairbain Trading S.A. Mr.
Jose Delemos will be the new CEO of AMS. The Company’s
primary business is a financial services company engaged in the
acquisition, structuring and funding of emerging growth companies in key
sectors of the American economy. The management of the Company has
substantial experience in financial structuring and leverage. The
mission of Alpine is to research and locate microcap opportunities where
the combination of investment and the values stored in publicly traded
shares will permit management to acquire operations with above average
operating margins. Alpine is continuously reviewing options and
opportunities for such acquisition activity and can be expected to be
active in its efforts to maximize shareholder values.
Alpine's contact information is: Jose Delemos, CEO.
Email address: jdelemos@aptmas.com
Phone: (212) 629-8240 Ext. 6
Empire State Building
350 Fifth Avenue, Suite 6408-12
New York, NY 10118
Upon completion of distribution of the PGG shares to the shareholders of
record of CBEC, those shareholders will become shareholders of PGG and
will retain their ownership in Alpine Management Systems, Inc.
