NEW YORK, Jan. 24, 2007 (PRIME NEWSWIRE) -- Advanced Plant Pharmaceuticals, Inc. (OTCBB:APPI) announced today the company's board of directors has adopted a resolution to change the corporate name to World Health Energy, Inc., to reflect the company's acquisition of World Health Energy, Inc. and the new business plan to focus on biofuels and renewable energy production and distribution. The company anticipates the name change will be completed within sixty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been approved.
The company believes that the alternative fuel sector has been gaining increasing attention from the Federal Government. As President Bush emphasized in the State of the Union address last night, "It is in our vital interest to diversify America's energy supply -- and the way forward is through technology. We must continue changing the way America generates electric power -- by even greater use of clean coal technology ... solar and wind energy ... and clean, safe nuclear power. We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel..... we must increase the supply of alternative fuels, by setting a mandatory fuels standard to require 35 billion gallons of renewable and alternative fuels in 2017 -- this is nearly five times the current target. At the same time, we need to reform and modernize fuel economy standards for cars the way we did for light trucks -- and conserve up to eight and a half billion more gallons of gasoline by 2017."
World Health Energy, Inc. plans to use cost-effective agricultural products both locally and from around the world to develop natural alternative fuels.
The company plans on utilizing ultrasonic processing, a more effective process to attain the required mixing while generating the necessary energy. Most biodiesel is produced in batch reactors where the energy required is generated by heating and mechanical mixing. Significantly, a biodiesel yield in excess of 99% can be achieved through the use of ultrasonication in a very short time span of less than 5 minutes, as compared to the one hour or more time frame necessary when using conventional batch reactor systems. The company believes that the higher yielding process should provide the company with production cost advantages.
The company continues to work towards the closing on the $1.2 million financing previously announced for the construction of two bio-diesel plants slated for Kentucky and Florida. As previously announced, the first of the two biodiesel plants would be built in Kentucky, and the second plant would be constructed in Florida. The financing is subject to completion of mutually satisfactory definitive agreements, necessary government and regulatory approvals, and other customary conditions of closing.
To be added to Advanced Plant Pharmaceutical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@advancedplantpharm.com.
About World Health Energy, Inc. (www.worldhealthenergy.com)
World Health Energy, Inc. is a renewable energy company focused on developing and producing alternative fuels. WHE's proposed biodiesel production plants are designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214, as well as ASTM D6751 specifications.
About Advanced Plant Pharmaceuticals, Inc. (http://www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (APPI) has focused on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(tm) worldwide through various sales distribution channels. The company is currently in the initial stages of shifting its business plan to enter the rapidly growing renewable energy market.
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This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.