Algae International Group Signs Contract with <BR>Gulf Hydrocarbon for
future Algae Oil
New contract could provide long term cash flow
Algae International Group Inc. (OTCBB:ALGA) and Gulf Hydrocarbon, Inc. (“GULF”) have signed an
agreement for GULF to exclusively represent ALGA in sales and distribution of ALGA’s proprietary and nonproprietary algal oils and products created with the algal oils. The exclusive representation agreement takes
effect immediately and is a precursor to ALGA’s commercial production of algal oils from its pilot facility
located in Tulare, California.
GULF will distribute and sell ALGA’s algal oils for further processing into fuels and all ALGA’s products
made with the algal oils as well as ancillary products of gaseous fuels and electric power.
ALGA advises that it will start the relationship with GULF by shipping samples of proprietary and nonproprietary algal oils for testing as feedstocks for biodiesel. Jess Hewitt, Chairman of Gulf Hydrocarbon, said,
“Algae oils were approved by the EPA for use as a biodiesel feedstock in 2010 but we have yet to see the
feedstock available. By shipping samples to the biodiesel producers, we can begin the process of registering the
numerous production plants with the EPA.”
As a part of the agreement, GULF will offer standard biodiesel reference fuels made using ALGA’s output
from its pilot facility. According to Jess Hewitt, “In order to satisfy the OEM’s requirements for engine and
material compatibility we must be able to supply a standard reference fuel before the engine manufacturers can
certify use of the algal-based biodiesel in vehicle and non-road engines. Gulf Hydrocarbon will be responsible
for quality control and packaging of these fuels for distribution to fuel laboratories and OEM testing facilities.”
In addition to the representation of ALGA’s oil and related products, GULF will also represent ALGA for the
sale and distribution of excess biogas and the other products created with the excess biogas. These products will
meet the latest proposed pathways for landfill and biogas for the Renewable Fuel Standard. GULF will also
market any renewable information numbers (RINS) generated by ALGA. The RINS have a current value of
$9.00/Mmbtu which will contribute greatly to the revenue stream from ALGA’s operations.
ALGA plans to be involved in the development of the propagation of specific algae species, for the extraction
of oils and other valuable lipids and products, for a variety of industries ranging from bio-diesel and jet fuel,
fuel additives, lubricants, pharmaceuticals, nutritional products and even cosmetics.
For More Info Visit:
http://www.otcmarkets.com/stock/ALGA/quote
About Algae International Group Inc:
Algae International Group Inc. (OTCBB: ALGA) is a public company in the development stage of renewable
energy that is seeking to develop Biofuel from Algae utilizing a trademark process of "InSym" that combines;
methane, CO2, fuel cells, nitrates, phosphates, sunlight and a specialized press to remove biomass and create
HRD and HRJ fuel. For more info visit: http://www.algaeplanet.com
About Gulf Hydrocarbon, Inc.
Established in 1997, Gulf Hydrocarbon, Inc. is the premier provider of biodiesel to the petroleum industry.
Offering competitively-priced biodiesel for large end-users and petroleum companies, Gulf Hydrocarbon also
offers marketing strategies to producers that wish to contract for high-volume off-take agreements and risk
management of biodiesel or biodiesel feed stocks. Specialized services include biodiesel production, blending,
plant operation, tolling, plant development and financing. Gulf Hydrocarbon is also exclusive distributor of
Gulf Racing Fuels in the United States. For more information visit http://www.gulfhydrocarbon.com
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release
that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on
management's current expectations and are subject to certain factors, risks and uncertainties that may cause
actual results, events and performance to differ materially from those referred to or implied by such statements.
In addition, actual or future results may differ materially from those anticipated depending on a variety of
factors, including continued maintenance of favorable license arrangements, success of market research
identifying new product opportunities, successful introduction of new products, continued product innovation,
sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting
consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. ALGA does not intend to update any of the forward-looking statements
after the date of this release to conform these statements to actual results or to changes in its expectations,
except as may be required by law.
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Contact Information
Mervyn Price
Regus Advisors Inc
http://www.regusadvisors.com
9727648000
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