WILMINGTON, DE / CRWEPRESSRELEASE / August 18, 2015 / Purthanol Resources Ltd (OTCMKTS: PURT) is pleased to announce that its trips to China (last year), Dubai and Turkey (last month) have resulted in contractual interest to develop and install its technology abroad.
Purthanol is pleased to announce that contracts have been signed for commercial agreements for the transfer of technology and construction of biofuel facilities in Purthanol’s turnkey program. Purthanol is constantly seeking for joint venture partners, investors and operators for their biofuel facilities programs.
Purthanol’s acquisition of Biocardel Luxembourg SA has dissolved, as without notice to Purthanol, a debtor has put Biocardel Luxembourg SA into bankruptcy. Purthanol tried through legal means to have that decision revoked through the process of shareholders rights. After evaluation Purthanol has decided not to continue its case and has advised its potential investor of the situation. The investor has decided to invest with Purthanol in another joint venture that is being negotiated presently.
The Board of Purthanol is steadfast to position Purthanol as an international producer of biofuels on several continents.
Purthanol is a publicly traded company dedicated to investigating and developing its orientation to focus on green-technology fuel production with its acquisition of the Purthanol process for the ethanol product and Biocardel for the Biodiesel. Please visit www.purthanolbiofuel.net for information.
Other than statements of historical fact, included herein, all statements are forward-looking and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results may differ materially from Purthanol expectations and filings made with the securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements. No stock exchange, securities commission or other regulatory authority has approved or disapproved this information.
SOURCE: Purthanol Resources Ltd