Better Environment Concepts Inc. CEO Seeks Board Approval to Negotiate Terms on 20,000 Acres of Oil Properties in Ontario Canada
16 September 2010 - 10:59AM
Better Environment Concepts Inc., (Pink Sheets:BEEN), reports that
on September 7th, 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
partnership rights to 20,000 acres of Canadian oil properties. For
the last year the Company has been engaged in negotiations for the
purchase of traditional fossil fuel based business interest 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 energy 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 numerous
transactions 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, same as direct line
110 Wall Street, 11th Floor
NY, NY, 10005
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