Emerging Agro-Energy Enterprise Stratos Renewables Adds to Board of Directors
21 April 2009 - 9:00PM
Marketwired
Stratos Renewables Corporation (OTCBB: SRNW), an emerging
agro-energy company developing a sugarcane ethanol project in South
America, today announced Leonard Brooks has been elected to the
company's Board of Directors.
Making today's announcement, Stratos' CEO, Tom Snyder, stated,
"This is another very important step for Stratos Renewables in our
evolution. Leonard is a very accomplished finance executive and
brings to us valuable experience and contacts that will help
Stratos as we evolve into a rapidly growing agro-energy
business."
"Joining Stratos' Board of Directors, which has such a wide and
deep array of talent and expertise, is a terrific opportunity,"
stated Mr. Brooks. "The Company's goal of producing low carbon
sugarcane ethanol at one of the lowest costs in the world is very
exciting. I'm looking forward to assisting Stratos with completing
its near term objectives to increase land holdings from 24,000
hectares to over 50,000 hectares by year end and to build out over
100 million gallons of production capacity to be supplied primarily
by its own land. This team is one of the strongest groups I've had
the pleasure to work with in the renewable energy industry and I'm
excited to lend my expertise to our combined efforts."
Biographies
Leonard Brooks is a senior investment banking professional with
over 20 years of investment banking experience. Mr. Brooks founded
and ran a number of investment banking initiatives at prominent
firms including most recently the Private Equity Finance Group at
Goldman Sachs, and the Private Equity Placement Group at UBS. He
holds an MBA from the Fuqua School of Business at Duke University
and has been a member of the Fuqua School of Business Isle Maligne
Society since 1985. Mr. Brooks holds a BBA from The College of
William & Mary.
About Stratos Renewables Corporation
Stratos Renewables Corporation intends to be a vertically
integrated sugarcane ethanol player in Peru, committed to becoming
the lowest cost producer of ethanol globally. The company believes
Peru's ideal growing conditions in the bare coastal desert, which
allow for among the highest yields of sugarcane in the world,
combined with the economic growth and expansion, illustrated by
recent exponential growth in foreign direct investment, and GDP
growth over the last five years, adds to Peru's promise as an
attractive location for the development of sugarcane plantations
and production of ethanol. Rating agency DBRS recently assigned
investment-grade credit ratings to Peru's long-term foreign and
local currency debt and, according to recent reports from several
top financial institutions, the Free Trade Agreement struck between
the US and Peru is expected to attract additional investment and
contribute to continued economic growth. For information about
Stratos Renewables Corporation, please visit:
www.stratosrenewables.com
About Ethanol
Recent studies have demonstrated that ethanol is a clean burning
biofuel produced from renewable sources, and can be grown year
after year. In its most basic sense, ethanol is a grain alcohol and
can be produced from sources such as corn and sugar. Pure ethanol
is normally not used as a replacement for gasoline, but the
integration of percentages ranging from 2% to 85% ethanol into a
gasoline supply has the potential to cut down on not only the
amount of oil consumed, but also on the emissions generated by the
burning of that fuel. Studies indicate that ethanol significantly
reduces harmful exhaust emissions, which contribute to global
warming. According to a recent United Nations report, biofuels will
account for up to 25% of the world's energy needs by 2025.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended, and Section 21E of the United States
Securities Exchange Act of 1934, as amended. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Since the
forward-looking statements relate to future developments, results
or events, these statements are highly speculative and involve
risks, uncertainties and assumptions that are difficult to assess.
You should not construe any of these statements as a definitive or
invariable expression of what will actually occur or result. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. These forward-looking
statements are made as of the date of this news release and Stratos
Renewables Corporation assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although Stratos Renewables Corporation believes that
the beliefs, plans, expectations and intentions contained in this
press release are reasonable, there can be no assurance those
beliefs, plans, expectations, or intentions will prove to be
accurate. Investors should consider all of the information set
forth herein and should also refer to the risk factors disclosed in
Stratos Renewables Corporation's periodic reports filed from time
to time with the Securities and Exchange Commission and available
at www.sec.gov.
Contacts: Media Sean Mahoney Ph. 310.867.0670 Email Contact
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