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ZENG, New Acquisition Considerably Expands Zenergy's Revenue Generating Capability. ZENG, X-Tra Hot Stock Alert by PennyOmega.com
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ZENG, Zenergy International Inc., ZENG.PK
ZENG is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws. The Company strives to minimize overall environmental impact. ZENG is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants.
ZENG has successfully closed on the acquisition of Greenlight Biofuels Ltd. and its assets for total consideration of about $1.5 million. This acquisition considerably expands the revenue generating capability of ZENG by way of providing the resources to create the biodiesel planned as well as the existing client base purchasing the fuel. This is the first of numerous planned acquisitions expected that will significantly increase the spectrum of industry verticals and the evolving market it will serve.
ZENG Zenergy in its acquisition of Greenlight Biofuels Ltd. has taken ownership of the property situated on 40 acres of productive land, facilitating the biofuel plant currently in production in Littlefield, Texas. With the completion of the acquisition of Greenlight Biofuels, Ltd., ZENG has invested in an operation capable of producing five million gallons per year, along with a vast amount of land, providing considerable room for expansion.
ZENG, X-Tra Hot Stock Alert by PennyOmega.com
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PennyOmega.com is a stock watch website, a CRWENewsWire.com Division that provides free daily alerts on stocks. PennyOmega.com's alerts are daily e-mail on stocks that are hot in the market. These include stocks with huge volume, penny stocks, stocks with technical indicators and much more. PennyOmega.com also tracks small cap stocks that are on the brink of moving upwards. PennyOmega.com also features companies on its website with research report, analysis, and newsletters.
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Forward Looking Statement
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
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