Better Environment Concepts Inc. CEO Seeks Board Approval to Negotiate Australian Oil Properties
08 September 2010 - 6:45AM
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.
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products, which we may not produce today and
that meet defined specifications. When used in this press release,
the words "plan," "expect," "believe," and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of
risks and uncertainties, including, but not limited to, changes in
technology and changes in pervasive markets.
CONTACT: Better Environment Concepts Inc.
Brent Riddle, CEO
1-800-939-6738
Fax: 1-800-939-6738
110 Wall Street, 11th Floor
NY, NY, 10005
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