NEW YORK, March 18, 2011 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) announces today that the company has entered into a series of discussion with U.S. based company currently operating between Baltimore, Maryland and Washington D.C. to produce biofuels at its oil terminal facility located in Luzerne County, Eastern Pennsylvania. "Initial discussions on the renewable energy initiative entail using the Eastern Pennsylvania oil terminal facility with five above ground tanks with storage capacity of over 2.5 million gallons as the platform to produce plant and fat based bio-energy product," according to Jamie Khoo, CEO of El Maniel. "Specifically, we are looking at converting flax seeds and animal fats into clean burning bio-diesel and as crude oil prices continue surging above $100 per barrel, clearly we are moving in the right direction and this green energy business is designated to become another profitable income stream for El Maniel."
The U.S. based company is a full service heating company involved in bio-diesel products and specializes in heating systems including forced-air and hydronic heating for commercial and industrial applications. "The U.S. based Company and El Maniel are very excited about the strategic partnership opportunity and very optimistic of the underlying prospects of the Eastern Pennsylvania oil terminal facility situated next to the scenic Susquehanna river," states Jamie Khoo. "We are very confident that our preliminary discussions with the U.S. based company will be formalized soon to initiate the eco-friendly and lucrative business to simultaneously enhance the value of the oil terminal facility as well as shareholders' value."
El Maniel International Inc is a publicly traded company currently focused on prospecting, developing and expanding the economic potential of world class mining claims located in Ghana, West Africa and the company is committed to shareholders' value creation by ensuring constant development of current and new resources in the region. For further information and updates on El Maniel, stay tuned to www.elmaniel.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.