MISSOULA, Mont., June 12 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) issues the following updated profile on the Company and its subsidiary, Natural Fuels Industries, Inc.
Vega recently announced the purchase of alternative energy manufacturer and marketer, Natural Fuels Industries, Inc. (NFI). The wholly owned subsidiary manufactures and markets various products including energy efficient pellet fuel made from organic waste bi-products using unique and innovative ideas combined with proven technology.
NFI has entered into a Marketing Agreement with its affiliate, Natural Fuels Industries Company, Inc. of Thailand to market the Thai company's energy products throughout the United States. In addition, NFI is currently reviewing various locations in the United States to build its first U.S. manufacturing plant to produce biomass products and bio-diesel products for power generation units. It is estimated that in the next five years the bio mass industry will become a $20 billion industry.
Biomass or biofuel is material derived from recently living organisms. This includes plants, animals and their by-products. For example, manure, garden waste and crop residues are all sources of biomass. It is a renewable energy source based on the carbon cycle, unlike other natural resources such as petroleum, coal, and nuclear fuels. The use of biomass fuels can therefore contribute to waste management as well as fuel security and help to prevent global warming.
NFI has the unique advantage of having experts in the biofuel manufacturing industry involved in the Company. The Management Team includes over 90 years of combined experience ranging from machinery set up, processing, fiber product expertise, research, marketing, transportation, purchasing, and accounting. The years of experience and the proprietary knowledge and ability to research the best combination of raw materials to make the best product will place the Company in a very competitive position in the biofuel industry.
The current demand for the Company's products in the industrial market is about 20 million metric tons per year and increasing. The wholesale market value is estimated at over $125 per metric ton or over $2.5 billion per year.
With the future demand for alternative energy throughout the world, it appears that NFI is in the right place at the right time. With the revitalized demand for alternative energy sources, the popularizing of green energy and value added products, this industry has increased substantially over the past several years.
In addition to creating and selling energy, NFI will produce two consumer products; fuel pellets and fire logs. These products will be generated from organic raw materials found in the timber industry and from organic agricultural bi-products. The key to the quality of NFI's products will depend on the combustion and heat value of the raw materials and the combination of the raw materials that go into it. NFI has the expertise to achieve the required quality of our products on a consistent basis.
The Company's Mission Statement is to provide the most consistent and finest quality biofuel products to consumers throughout the world, and in doing so, increase our shareholder value.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
Vega Promotional Systems, Inc.
CONTACT: Vega Promotional Systems, Inc., 800-481-0186
