LONDON, July 13, 2007 (PRIME NEWSWIRE) -- Malibu Minerals, Inc. ("Malibu" or the "Company") (OTCBB:MLBU), today announced that the Company will change its name to Flex Fuels Energy, Inc. effective as of July 16, 2007 to reflect the Company's recent acquisition of Flex Fuels Energy Limited, now the Company's alternative energy subsidiary company.
From, July 16, 2007 Flex Fuels Energy, Inc. will trade under the symbol FXFL.OB.
Accordingly, following the name change, new share certificates to be issued by the Company to its stockholders will reflect the new name of Flex Fuels Energy, Inc.
About Malibu Minerals, Inc.
Malibu Minerals is a diversified company developing its wholly owned alternative energy business, Flex Fuels Energy Limited, and its mining exploration activities in British Columbia, Canada.
About Flex Fuels Energy Limited
Flex Fuels is focused on delivering a vertically integrated BioEnergy operation in the U.K, building a "Farm to Fuel" value chain. Its ethical, environmentally friendly business is designed from the ground up to deliver real value to shareholders. Its products aim to reduce carbon emissions and contribute positively to the fight against Climate Change. Flex Fuels actively seeks to improve the environment in every stage of its business.
To find out more about Flex Fuels visit the Flex Fuels website at www.flexfuelsenergy.com.
Forward-Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. Malibu Minerals, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.