LONDON, Oct. 18, 2007 (PRIME NEWSWIRE) -- Flex Fuels Energy, Inc. ("Flex Fuels" or the "Company") (OTCBB:FXFL) announced today that Mr. Brian Barrows has been appointed as Chief Executive Officer and director of Flex Fuels.
Mr. Barrows also serves as executive Chairman of Flex Fuels Energy, Ltd. ("FFE Ltd."), the Company's wholly owned alternative energy business.
Prior to joining Flex Fuels, Mr. Barrows served as Head of Energy Operations for the devolved government administration in Wales, ultimately for the Welsh Assembly Government. Mr. Barrows advised Government Ministers on policy development over the entire energy spectrum, including upstream and downstream oil and gas, coal extraction, large scale power generation, renewable energy and both electricity and gas transport infrastructure.
Mr. Barrows was instrumental in facilitating over $15 billion of energy projects and related strategic supply chains in Wales. This included two major LNG terminals and associated gas infrastructure reinforcement, several CCGT and coal fired power plants, both the U.K.'s first major onshore and offshore wind farms, a 350 MWe CFB biomass generation plant and the incubation of advanced new renewable technologies for marine generation, coal mining and pyrolysis gasification.
Prior to entering Government service, Mr. Barrows worked in the international Offshore Oil and Gas industry progressing through junior to senior project management positions in a range of both capital and operational engineering projects including deployment of a variety of high value marine and sub sea assets on a global basis.
Mr. Barrows replaces Gordon Ewart, a founder of Flex Fuels Energy Ltd., who has resigned as CEO of Flex Fuels.
Tom Barr, VP Alternative Fuels Division of Flex Fuels, commented; "I am delighted that Brian has agreed to take up the role of CEO at Inc. as we move forward into the execution of the project. As executive Chairman of FFE Ltd., Brian has already brought a wealth of project execution experience to the Company. The demands of the expanded project scope, as announced on October 5, 2007, require very specific experience and management. Brian is uniquely well qualified to drive this forward as CEO."
About Flex Fuels Energy, Inc.
Flex Fuels is a diversified company developing its wholly owned alternative energy business, FFE Ltd., and mining exploration activities in British Columbia, Canada. FFE Ltd. is focussed on delivering a vertically integrated BioEnergy operation in the U.K., building a "Farm to Fuel" value chain. Its ethical, environmentally friendly business is designed from the ground up to deliver real value to shareholders. Its products aim to reduce carbon emissions and contribute positively to the fight against climate change. FFE Ltd. actively seeks to improve the environment in every stage of its business.
To find out more about Flex Fuels (OTCBB:FXFL), visit our website at www.flexfuelsenergy.com.
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Forward-Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. Flex Fuels Energy, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.