NEW YORK, Sept. 7, 2010 (GLOBE NEWSWIRE) -- Better Environment Concepts Inc. (Pink Sheets:BEEN), reports that on September 3rd, 2010, Brent Riddle, CEO of Better Environment Concepts Inc., (BECI), asked the Board to approve his request to represent the company in negotiations to purchase certain Australian oil properties. For the last year, the Company has been engaged in negotiations for the purchase of traditional fossil fuel based business interests that would complement its overall energy development pursuits. When asked if he intended to keep the Company focused on the alternative energy industry, Riddle stated, "It remains the long term objective and business strategy of the Company, however, we can't ignore the lucrative opportunities that exist in the traditional fossil fuel industry. We believe that the future of the energy industry is shifting toward the renewable markets but, it's moving slow. Currently, we are pursuing a number of projects in the alternative energy industry and over the next couple of days I intend to ask the Board to approve a proposal to purchase a 20% stake in a bio-diesel manufacturing project located in South Carolina." The Company indicated it would release additional details on the transaction as they develop.
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