Message #3 From:
NewsBot Date: August 16, 2006 04:00:00 AM
MEMS News Convergence Ethanol(TM), Inc. Added to Ludlow Energy SmallCap Index
LOS ANGELES--(BUSINESS WIRE)--Aug. 16, 2006--Convergence Ethanol(TM) Corp., a MEMS USA Company (OTCBB:MEMS), announced today its selection as a component of the Ludlow Energy SmallCap Index. Convergence Ethanol(TM) is a California-based biorenewable energy project developer and a provider of engineered products and systems to the energy industry.
The Ludlow Energy SmallCap Index contains a select group of US traded small cap alternative energy stocks designed for investors who have a long-term bullish outlook on the biorenewable and alternative energy market. It is an indicator of the investment community's involvement in the biorenewable energy sector. The Index is owned and operated by Ludlow Energy Fund, Inc., based in New York City. www.ludlowcapital.com/indices/
The Convergence Ethanol(TM) mission is to support the energy industry's production of biorenewable fuel-grade alcohol/ethanol, a clean burning fuel additive. The company's first such project is a woodwaste-to-fuel-grade-alcohol refinery in Hearst, Ontario, Canada. Fuel-grade alcohol is the world's most used biorenewable fuel additive.
"Convergence Ethanol is pleased to be included in the Ludlow Energy SmallCap Index, which will give our company valuable exposure to discerning accredited and institutional investors," stated Daniel K. Moscaritolo, COO and CTO of Convergence Ethanol(TM). "The success of emerging biorenewable energy providers is important to the long-term viability of the entire energy industry. Cooperation between biorenewable energy providers and the energy industry is vital to the continuing development of cleaner burning fuels for consumers."
Safe Harbor Disclosure
This press release contains certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the reports and filings with the Securities and Exchange Commission may affect results achieved by the Company.
