LONDON, Aug. 21, 2007 (PRIME NEWSWIRE) -- Flex Fuels Energy, Inc. ("Flex Fuels" or the "Company") (OTCBB:FXFL), announced today that it has received two Permissions for Development (the "Permissions"), one for the construction of an oilseed crush plant and a second for the development of a solvent extraction plant.
The Permissions, received by the Company on August 16, 2007, were granted by Cardiff County Council under the Town and Country Planning Act 1990 and the Town and Country Planning (General Development Procedure) Order 1995.
The Permissions allow the Company to develop an oilseed crush plant or a solvent extraction plant. Solvent extraction technology allows oil to be more efficiently removed from the oilseed, greatly enhancing the throughput and oil yield compared to mechanical crush alone. In-house extraction of oil from raw seed is central to Flex Fuels' vertically integrated strategy to supply oil to its planned biodiesel refinery. The early grant of solvent extraction permission on first application allows the Company to review its options regarding the development of the project to identify any savings that might be made by moving directly to solvent extraction plant development.
The Company is now focused on obtaining planning approval and other consents for the build of a biodiesel refinery on an adjacent plot necessary to the Company's development on the site under consideration.
Gordon Ewart, CEO of Flex Fuels, commented, "The Permissions have been received in line with our expectations. In conjunction with our option to lease the seaport site, they are an important milestone in the Company's development."
About Flex Fuels Energy, Inc.
Flex Fuels is a diversified company developing its wholly owned alternative energy business, Flex Fuels Energy Limited, and mining exploration activities in British Columbia, Canada. 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 Energy (OTCBB:FXFL), visit our website at www.flexfuelsenergy.com.
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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. Flex Fuels Energy, 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.