Date: June 4, 2008
Source: BioGold Fuels Corporation
Renewable Fuel Leaders form Alliance to Design & Build Waste-to-Energy Facilities
BioGold Fuels Corporation (OTCBB: BIFC) announced that it has entered into a letter of intent for a strategic alliance with ICM, Inc. to engineer, design, and build BioGold's municipal solid waste to energy plants. ICM will design, engineer, and construct BioGold's next planned waste to energy facility. BioGold will give ICM certain exclusive and preferred rights to engineer and construct all of BioGold's future facilities.
"We feel privileged to be able to work with a world class engineering and construction firm such as ICM," said BioGold's CEO, Steve Racoosin. "ICM has proven their skill in the development and construction of ethanol and renewable fuel facilities and we look forward to working with them to design and construct BioGold's future plants. With ICM's headquarters being located less than an hour drive from our next planned facility in Harvey County, Kansas, BioGold and ICM can work closely on assuring a seamless implementation of this plant."
For a corporate profile of BioGold Fuels Corporation, please visit www.audiostocks.com
About BioGold Fuels™ Corporation
BioGold Fuels™ Corporation is seeking to develop, acquire, license and commercialize patented and proprietary technologies that its management believes will allow a significant amount of municipal solid waste to be recycled into electricity, synthetic diesel fuel and other renewable fuels to address the multi-billion dollar renewable fuels market in the United States and the world. A major component of MSW is paper-based material, hydrocarbon-based material, and other high-energy value feedstocks. BioGold's multi-fuel processing facilities will take all forms of waste into one facility, while providing a green source of renewable fuels.
About ICM, Inc.
Headquartered in Colwich, Kan., ICM, Inc., engineers, builds, and supports renewable fuels plants around the world. ICM was founded in 1995 by Dave Vander Griend and a small team of talented engineers and skilled craftsmen who shared the core belief that, in the ethanol industry, things could be done more efficiently, safer, and with greater returns. Backed by the strength of hundreds of employees, ICM is focused on sustaining agriculture through innovation. ICM's technology is behind more than 3.8 billion gallons of ethanol production annually, about half of the existing U.S. production capacity. Additionally, ICM has spurred the development of an extensive R&D department. Continuously testing and retesting to refine process efficiencies, their top scientists are also exploring an economically-feasible cellulose-based ethanol production process.
For more information on ICM, Inc., please visit www.icminc.com.
Safe Harbor Statement
The contents of this press release are presented as a general overview of BioGold Fuels. This release is intended only to contain general information regarding BioGold Fuels and its business and does not purport to provide complete disclosure or analysis of all matters that may be relevant to a decision to invest in BioGold Fuels. In addition, certain matters discussed in this release may constitute 'forward-looking statements.' Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond BioGold Fuels' ability to control or predict, including, but not limited to, risks and uncertainties outlined in BioGold Fuels' periodic reports filed with the Securities and Exchange Commission.
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