Business Services Industry

Amiworld Executive & Board Member Appears as Special Guest at Recent Merchants National Congress Event Held in Colombia

Business Wire, Sept 2, 2008

Colombian President Alvaro Uribe Velez highlights importance of Amiworld's commitment to country and importance of biofuels in his remarks at the event

NEW YORK -- Ms. Ingrely Veitia Machado, Chief Financial Officer and a member of Board of Directors of Amiworld, Inc. (OTCBB: AMWO), was a special guest at the Merchants National Congress held recently at the Estelar Santamar Hotel in Santa Marta, Magdalena, Colombia. The event was attended by the President of Colombia, Alvaro Uribe Velez, who greeted the more than 1,300 participants and discussed the importance of biofuels to the world's energy future. The event was organized by FENALCO, a private organization established to foster the development of trade in Colombia.

During his speech, President Uribe referenced the importance of international investment in Colombia as a result of the government's policies of Democratic Security and tax incentives. He highlighted the commitment of Amiworld, an international energy company engaged in the production and distribution of alternative and traditional energy products and services, and singled out the company's decision to locate its biodiesel plant and petroleum refinery in the city of Santa Marta. He said, "Without an investor dynamic we do not succeed, as we do not succeed without a total security determination, as is being done in this government."

Ms. Veitia Machado said, "This was indeed a momentous occasion for our company and we are deeply honored by President Uribe's comments. We certainly appreciate the support of the Colombian government in facilitating the development of Amiworld's refinery and biodiesel plant in the wonderful city of Santa Marta. We look forward to continuing our efforts with the strong support of President Uribe's forward-thinking government."

Mamoru Saito, Chief Executive Officer of Amiworld, commented, "In addition to our responsibilities to enhance shareholder value, we, as a company, are deeply committed to playing a major part in solving the world's energy issues and creating a cleaner environment for future generations. We wish to thank President Uribe for his unflagging commitment to our company."

About Amiworld, Inc.

Amiworld, Inc. is a high growth New York-based international energy company engaged in the production and distribution of alternative and traditional energy products and services. With state-of-the-art refining and distribution facilities in Colombia, South America, the company is capitalizing on the worldwide energy demand with diversified products and services including biodiesel, petroleum diesel, international oil trading and the shipping of oil and fuel products with a principal focus on economies in South America and Asia. With an overriding commitment of building shareholder value, Amiworld continuously evaluates opportunities to drive revenues and earnings growth organically and through strategic acquisitions.

Amiworld owns and operates the only government certified biodiesel plant in Colombia. The company believes it is well positioned to capitalize on its unique government status as a result of the Colombian government's aggressive biofuels initiatives mandating a 5% biodiesel mix by 2008 and 10% by 2009. With global biofuels demand projected to grow 20% annually to 92 million tons by 2011, Amiworld intends to significantly increase its market penetration in South America, Asia and the US.

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of AMWO could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe 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. We undertake no duty to update any of the 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. For further risk factors see the risk factors associated with our Company, review our SEC filings.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale