HOUSTON, Feb. 19, 2008 (PRIME NEWSWIRE) -- BlueStar Health, Inc. (Pink Sheets:BLSH) announced today that the Company's Zeon Fuel subsidiary has signed a Definitive Agreement to acquire a retail gas station and convenience store operation located near US 59 (Southwest Freeway), US 90 and Highway 8 at Fondren and South Main in Houston, Texas.
The location, which sells fuel through 8 pumps on 4 "islands" under the Valero brand -- property of Valero Energy Corporation -- is located on 1.8 acres and features a large convenience store and franchise pizza take-out and dine-in facility, a brushless car wash, and a truck rental business.
The newest addition to the Zeon Fuel portfolio exhibits business metrics potential at targeted levels set by Zeon management to qualify for acquisition consideration under the company's "growth at a reasonable price" roll-up plan.
Richard Greenwood, President and CEO of BlueStar commented, "We are delighted at the prospects of adding this location to our network. This site is located in a fast growing truck traffic corridor that will experience considerable fuel demand growth."
"The current configuration will be modified to accommodate the growing truck traffic to ensure we capture our share of the growing demand," stated Naved Jafry, Chairman of BlueStar. "To this end we are in discussions with a number of trucking companies who would use our station exclusively in this area."
Biodiesel Fact: Biodiesel reduces net carbon dioxide emissions by 78 percent compared to petroleum diesel. This is due to biodiesel's closed carbon cycle. The CO(2) released into the atmosphere when biodiesel is burned is recycled by growing plants which is later processed into fuel.
About BlueStar Health
BlueStar, through its wholly owned subsidiary, Zeon Fuel, Inc., is engaged in the business of blending purchased bio-diesel and petroleum diesel fuels and distributing the blended product through retail outlets. The company intends to expand its distribution through owned and leased facilities as well as fuel contracts with retail outlets. For more information on BlueStar's primary operating entity, Zeon Fuel, Inc., please visit www.zeonglobalenergy.com
Forward-Looking Statements
This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events or transactions, sales of products or performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plan, having necessary financing in time to meet contractual obligations and support the business activity, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.