RENO, NEVADA -- (Marketwired) -- 06/21/13 -- Marketing Mobiltext Inc. (OTCBB: MMTX) is pleased to announce it has entered into an LOI to acquire 100% of Blue Sky Biomass (NV) Inc., a company based out Denver, Colorado. The company is currently undertaking due diligence and will announce the signing of a definitive agreement in the event that one is signed.
The company will be changing its name to Blue Sky Biomass (USA) Inc.
ABOUT THE COMPANY
The Company is a development stage company, and is seeking to focus in 2013 on the growth of sustainable forests located in the USA and the production of woody biomass pellets for export to European markets for use in power production. The European market is a strong advocate in the use of woody biomass pellets for the generation of clean heat and energy as part of the "202020" targets set by the European Commission; "202020" targets: by the year 2020, greenhouse gas emissions should be reduced by 20 percent, renewable energy sources should represent 20 percent of Europe's final energy consumption and energy efficiency should increase by 20 percent. Blue Sky Biomass (USA) is executing its strategy to become a leading US exporter of wood biomass pellets to fulfill demand in the European markets.
As part of its afforestation strategy for growing sustainably managed forests for the production of woody biomass pellets, Blue Sky Biomass intends to become an active participant in the North American carbon markets. This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt. Strong demand for California carbon allowances (CCAs), driven by hedging by power suppliers, should push the Californian market as a whole to $2.3bn this year. Blue Sky's carbon strategy is simple, through its afforestation projects that absorb carbon dioxide, the company intends to work with carbon certifiers and traders to add additional revenue streams to the company through the sale of Climate Reserve Tonnes, or carbon credits.
For more in depth information please visit the company website: www.blueskybiomass.com.
ON BEHALF OF THE BOARD
Marketing Mobiltext Inc.
Blue Sky Biomass
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