CAMBRIDGE, ONTARIO, Canada, via ETELIGIS INC., 08/10/2015 – – Converde Energy USA Inc. (OTC Pink: XFUL) (PINKSHEETS: XFUL), is pleased to report that it will open a location in Calgary, Alberta Canada to exploit stranded natural gas opportunities in the area.
Converde has been working on different business opportunities in the conversion of stranded natural gas assets to liquid fuels. During this time the company has determined a large market exists in the area with low barriers to market entry.
Management has decided to expand the company into Alberta to maximize our exposure into the market. The company will set up a small system at the Alberta location for customer demonstrations.
CEO Mr. Michael McLaren will lead the expansion into Alberta and eventually concentrate Liquid fuel production systems and R&D in that location. Our Cambridge location will focus on Grinding systems, Grinder Manufacturing and contract grinding as previously announced on July 29th 2015.
Mr. Michael McLaren CEO, states, “Our expansion into Alberta is an exciting time for us. After trying to develop opportunities over the last few years, we decided it would be best to take a “Boots on the ground” strategy in the area.” He also stated, “Since the downturn in oil many opportunities exist for stranded wells that are not financially viable to run without such a high value proposition as gas to liquids. Converde has several opportunities in our sights and are looking to execute on those in the 2015 year.”
About Converde Energy
Converde Energy USA Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, Converde Energy’s plasma assisted bio-mass to energy plants, utilizing the state of the art technologies to produce green energy in both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. Converde Energy USA Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
For more information please see www.xfuels.com
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For further information please contact:
Xfuels Public Relations and Shareholder Information Xfuels Inc.
Phone: (519) 800-7556
SOURCE: Converde Energy USA Inc.