NORCROSS, GA -- (Marketwire) -- 12/20/12 -- VEGA BIOFUELS, INC. (PINKSHEETS: VGPR) announced today that it has created an in-house Investor Relations department to better communicate with its shareholders.
In an effort to keep its shareholders more informed with up to date news, the Company has created the new department to handle all shareholder issues and communications.
"As we continue to move forward with our plans for a bio-coal manufacturing plant in South Georgia, we felt it was important to keep our shareholders better informed of our progress," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "The torrefaction industry has emerged as a real solution for power companies around the world that are required to have a certain percentage of their power generated from renewable sources. We felt it was important to better communicate with our 3,000 shareholders and this new department will do just that. We get calls every day from all over the world and as we've grown, the calls have increased significantly."
The department will be fully operational on January 2, 2013. The new direct line to the Company's Investor Relations department is 850-270-7802. Shareholders may also direct questions via email at firstname.lastname@example.org.
About Vega Biofuels:
The Company is in the process of building a bio-fuels enterprise to supply utility owned pulverized coal fired power plants around the world with bio-coal. The process technology to be used is torrefaction. The Plant will convert most forms of waste biomass, primarily timber waste into thermally treated biomass powder that is then turned into briquettes for shipment to the end user. Existing coal-fired power plants can utilize the bio-coal without making any changes to their current infrastructure. The bio-coal has a high energy density of over 10,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and renewable energy credits (RECs) in the United States. Torrefaction is the treatment of biomass at high temperatures (475 degrees F - 575 degrees F) under low oxygen conditions.
For more information, please contact the Company's Investor Relations department.
Vega Biofuels, Inc.
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