CHARLOTTE, N.C., June 11, 2012 (GLOBE NEWSWIRE) -- North Carolina Natural Energy, Inc. (OTC: NCNE), announced today in furtherance of its business plan to strategically diversify into clean energy, it is in active negotiations with several established companies to provide a foundation for growth in key alternative energy sectors. Numerous transactions are in various stages of development, negotiations, closing and integration that we anticipate would have significant positive contributions to the Company's bottom line.
The U.S. Government is trying to meet the challenge of growing energy needs by promoting renewable energy resources with incentives and mandates including federal Renewable Fuel Standards, production and tax credits and state government Renewable Portfolio Standards.
According to Boulder, CO based Pike Research, due to energy security, climate shifts, and economic change, at least 38 national governments throughout the world have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. Pike Research further indicates that wind energy installation costs in the United States will total more than $125 billion between 2011 and 2017, capturing 15% of the global market during that period.
North Carolina Natural Energy, Inc. is a development stage company in the business of managing alternative renewable energy solutions including biofuel, wind energy, agriculture, and livestock.
Forward Looking Statements
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events