WEST PALM BEACH, Fla., May 31, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is very pleased to announce that it has completed Phase 1 of a 3 Phase qualification process with one of the largest ethanol producers in the country, for its bolt-on, two step Distillers Grain process.
As part of Phase-1, ALLIANCE has already successfully demonstrated (to the Senior Management of the above mentioned ethanol producer) its two-step process which extracts the protein and oil from Distillers Grain and then extracts the sugar (from the remaining fiber) which will be converted into cellulosic ethanol. Phases 2 and 3 will be completed in the coming months and include demonstrations on various types of Distillers Grain, continuous recycling and long uninterrupted processing. When complete the Company anticipates entering into a JV agreement with one of the large ethanol producers currently evaluating the process.
ALLIANCE’s Proprietary and Patented Processes continue to gain the attention of Ethanol Producers from around the world. The Company is in Advanced Negotiations with other producers located in Columbia, Grenada, Canada and Honduras.
For an understanding of the impact to the Company that these agreements will have, please refer to the May 3, 2016 News Release found at:
(http://finance.yahoo.com/news/alliance-bioenergy-concludes-testing-moves-134521752.html).
ALLIANCE is actively updating its web-presence and Social Media Platforms. This past week it launched its Twitter feed (@alliancebioe) and shortly will be implementing a CEO Blog, Facebook and Newsletter all designed to allow shareholders and others to ask questions and gain more information, in real time, from the Company and its Senior Management.
Lastly, we want to thank all of ALLM's shareholders for their continued support and remind them of the upcoming Annual Shareholders Meeting taking place on June 15, 2016, at 2:00pm, at the West Palm Beach Marriott. All registered shareholder are welcome to attend.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) (OTCQB:ALLM) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.