SAN DIEGO, June 25, 2007 (PRIME NEWSWIRE) -- World Waste Technologies Inc. (OTCBB:WDWT) announced today that the company had retained Ardour Capital Investments, LLC as a strategic advisor. Ardour Capital will advise the company on identifying, developing and acquiring commercial technologies in the renewable energy sector.
"We believe that joining forces with Ardour Capital will help to advance our existing efforts to utilize acquisitions of technologies and joint ventures to accelerate our core strategy of transforming waste streams into higher value products with a focus on renewable energy," said John Pimentel, Chairman and CEO. "Over the past several months we have been working to develop our renewable energy platform using waste products as a low-cost feedstock, and we believe our approach will lead to projects which create renewable energy from solid waste in an environmentally beneficial manner," he said.
"We selected Ardour Capital based on their deep knowledge and extensive contacts within the renewable energy and clean technology field," said Pimentel.
John Ewen of Ardour Capital's Energy Technology Group commented on the relationship, "We are delighted and excited to be retained by World Waste technologies. We believe the company has an excellent management team with the experience, relationships and know-how to develop a successful company capable of delivering on their waste-to-higher value products strategy. We look forward to assisting and advising on acquisition efforts as well as advising on the trends and opportunities we see in clean energy."
About World Waste Technologies, Inc.
World Waste Technologies, Inc. is seeking to develop and commercialize patented and proprietary technologies that its management believes will allow a significant amount of municipal solid waste to be recycled into beneficial products. A major component of MSW is paper-based material, hydrocarbon-based material, and other high energy value feedstocks. World Waste's first plant is being used in an R&D capacity with respect to turning cellulose biomass into electricity and fuel. World Waste also is developing technologies designed for use in transforming MSW into a gas capable of creating renewable energy products such as fuel grade alcohols (including ethanol) and co-generated renewable electricity.
About Ardour Capital Investments, LLC
Ardour Capital Investments, LLC is an NASD registered broker/dealer that provides a wide range of financial services to both public and private energy technology and alternative energy companies. Ardour provides investors that specialize in small capitalization growth companies a truly independent brand of research. Ardour has made a commitment to be a leading research and banking institution in the Energy Technology/Alternative Power sector.
The contents of this press release are presented as a general overview of World Waste. This release is intended only to contain general information regarding World Waste and its business and does not purport to provide complete disclosure or analysis of all matters that may be relevant to a decision to invest in World Waste. In addition, certain matters discussed in this release may constitute ``forward-looking statements''. Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond World Waste's ability to control or predict, including, but not limited to risks and uncertainties outlined in World Waste's periodic reports filed with the SEC. Risk factors may include, but are not limited to, World Waste's ability to successfully implement its business strategy, including its ability to make strategic acquisitions, produce and sell product at commercial levels and adequate prices and the acceptance of its product by potential customers and by the market in general, the ability of World Waste to achieve profitability even if it is able to sell its product at commercial levels, World Waste's ability to raise subsequent financing in order to build additional facilities, World Waste's ability to develop other energy products which can be produced from its MSW, fluctuations in quarterly results, increased competition, the economical operation of World Waste's process, and World Waste's ability to protect the proprietary technology it uses. Further, World Waste operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond World Waste's control, such as announcements by competitors and service providers. The statements made herein are made as of the date of this release, and World Waste undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All information in this release regarding Ardour Capital Investments, LLC has been provided to World Waste by members of Ardour Capital management.