MR. SIMON DORAY JOINS PURTHANOL RESOURCES GROUP AND ITS SUBSIDIARY BIOCARDEL QUEBEC IN A JOINT VENTU
WILMINGTON, Del. and OTTAWA, March 18, 2014 (GLOBE NEWSWIRE) -- Purthanol Resources Ltd (OTCQB:PURT) - We are pleased that Mr. Doray joined us as it reinforces our strategy of direct sales of biofuel mix to the end user.
Purthanol Resources has the honor and pleasure to announce that Mr. Simon Doray Professional Engineer and MBA from McGill University, associates with Biocardel (Purthanol's biodiesel subsidiary) to create the company BioMix.
Mr. Doray has been in the biofuel industry for over 7 years. He managed the first commercial biodiesel plant in Canada (which produces 52 million liters of biodiesel per year). As such, Mr. Doray produced more biodiesel than anyone else in Canada. He also serves as chairman of the Quebec Council of Biodiesel board of directors. BioMix mission is to provide biofuel solutions for companies that manage fleets of vehicles and heavy equipment. The partnership with Biocardel guarantees BioMix supply of high quality biodiesel.
The proposed BioMix's solution is tailor-made for each customer, depending on the use, storage capacity, the refueling system and the fleet. It will cover distribution equipment, supply of biodiesel and technical support for its use. By offering this integrated solution, BioMix aims to maximize the amount of biodiesel used and provide the best possible value to its customers while making them more environmentally friendly. The use of biodiesel offers tax benefits for Quebec customers which reduces their fueling costs.
CAUTIONARY STATEMENT
Other than statements of historical fact, included herein, all statements are forward-looking and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results may differ materially from Purthanol expectations and filings made with the securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements. No stock exchange, securities commission or other regulatory authority has approved or disapproved this information.
