Energy Ventures Organization, Inc. a Nevada based company committed to the advancement of zero pollution energy through its Zero Pollution Energy Solutions (ZPES), today announced that it has completed a stock purchase agreement with Apollo Alternative Fuels Company, LLC, a wholly-owned subsidiary of Apollo Resources International, Inc. (OTCBB: AOOR), Under the agreement, Apollo Alternative Fuels now owns 50% of the stock in Energy Ventures, a pioneer in the fast growing hydrogen fuels industry.
Las Vegas, NV (PRWEB) May 9, 2005 -- Hydrogen fuel technologies are one of the areas of focus in recent alternative fuels initiatives in the United States. The Bush Administration has completed a number of high-level hydrogen industrial road mapping sessions at the U.S. Department of Energy and has launched a hydrogen-fueled "Freedom Car" program. Senator Hillary Rodman Clinton has just secured funding out of the Department of Defense appropriations on behalf of GMs Delivery of the first hydrogen fuel cell truck to the U.S. Army. The U.S. military sees a day when all its vehicles will be fuel cell-powered. Hydrogen fuel technologies are currently being developed for automobiles, with California Governor Arnold Schwarzenegger leading the way with his hydrogen-powered Hummer vehicle. In some areas of the US, commercial buildings have been modified to use hydrogen power plants, and hydrogen power units are producing electricity in various other commercial applications such as research labs and computer power backup units.
Energy Ventures Organization, Inc. has now acquired funding for advancement in various research and development technology projects. We are going to educate the public first, the new Hydrogen Economy will soon be here." Stated President and Director of Energy Ventures Organization, Mr. Conrad Vergara, We will become a leader in common home and residential Zero Pollution Energy Solutions" (ZPES). Hydrogen is the most simplest and common element in the universe, though never found naturally in pure form, can be produced from a host of available resources, including water, natural gas, coal biomass, municipal solid waste, or scrap tires." Mr. Vergara, ALSO currently works for the Federal Department of Defense at Indian Springs AIR FORCE AUXIARLARY FIELD, ( A.F.A.F.), in Nevada, he has been working with the Department of Defense for the past 26 years. He is an expert technician in the field of various gaseous fuels and hazardous materials and brings a matrix of experience to Energy Ventures Organization.
Energy Ventures Organization, Inc. specializes in Zero Pollution Energy Solutions" (ZPES) through its involvement in technology advancements and through its Research & Development program has developed a hydrogen producing proto-type and now with the collaboration of Apollo Alternative Fuels Company and their existing technology, will focus on continued R&D to produce an up-scaled unit that will provide the daily energy requirements to power a standard household on a daily basis along with enough fuel to operate the family automobile. Web site www.energyventures.org
Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources.
www.apolloresources.com
This press release includes forward-looking statements" Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Companys projections and expectations are disclosed in the Companys filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
# # #
|
