ASPEN, Colo., March 30, 2007 (PRIME NEWSWIRE) -- Security First International Holdings, Inc. (Pink Sheets:SFNH) announces that it has formed a new, wholly owned subsidiary; BioDiesel Energy Corporation ("BEC"). The Company will utilize high grade feed stocks such as soy and canola oil as raw material for the production of biodiesel fuel.
The entire product line will be a quality biodiesel made of 100% virgin soybean oil, which is grown in the United States by American farmers. As such, it is a readily available, renewable domestic source of fuel, which makes it desirable for the balance of trade issue as well as an offset to dependence on foreign oil. This fuel, which is non-toxic, biodegradable and free of sulfur, burns considerably cleaner than traditional diesel fuel. Biodiesel fuel is compatible with all existing diesel engines without the need for modification.
Biodiesel can be used by itself or blended with petroleum-based diesel to varying degrees as requested. The most common configurations are 100% biodiesel or a blend of 80% traditional diesel with 20% biodiesel. BEC is equipped to deliver any specified blend.
"Since SFNH was initially formed, we have been searching for the right entry into the Energy Security business sector. Following an exhaustive search into all the potential fuel sources, we became convinced that biodiesel presented the best long term solution for out nation's energy needs as well as the greatest opportunity for our shareholders," stated Rod McClain, SFNH's Chairman and CEO. "Our ultimate goal is to construct a thirty million gallon per year biodiesel production facility located in the Southern California area. This will enable us to produce the premiere biodiesel end product in the market," added McClain.
About Security First International Holdings, Inc.
Security First is focused on the energy needs of our country. The business plan calls for the development and expansion of both production and distribution of biodiesel products throughout the Western United States.
Forward-Looking Statements
Statements about the Company's future expectations, including future revenues and earnings and all other statements in this press release, other than historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company undertakes no obligation to update forward looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comment made with this press release: the Company will appropriately inform the public.