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PetroAlgae Retains Investor Relations International to Lead Shareholder Communications Program

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  Published in Business and Finance on Monday, December 22nd 2008 at 13:08 GMT, Last Modified on 2008-12-22 13:09:21 by Market Wire
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MELBOURNE, Fla.--([ BUSINESS WIRE ])--PetroAlgae Inc. (OTCBB:DVGL), a leading developer of systems to derive biodiesel fuels from algae, today announced that it has retained Investor Relations International (IRI) to build and lead its shareholder communications program.

As investor relations advisors for PetroAlgae, Los Angeles-based IRI will raise investor awareness of the Company's leading biodiesel alternative technology through its proprietary investor relations model that leverages the distribution of new media technologies with traditional direct communications with its network of institutional and retail money managers. The IRI program is designed to expand the Company's capital resources by broadening the Company's shareholder base.

"We are pleased to have Investor Relations International working with us to raise our profile and ensure the broad investment community fully understands the potential of our leading algae-based biodiesel technology," said Dr. John Scott, Director of PetroAlgae Inc. "Our company is at a pivotal point in its history as we move out of the R&D phase and into the widespread production and marketing of our biodiesel products. IRI is well-known for its expertise in generating institutional and retail investor interest, liquidity and shareholder value – all of which will prove to be crucial to the success of our next growth phase," concluded Dr. Scott.

If you would like to be added to PetroAlgae's investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations International at [ htajyar@irintl.com ] or at 818-382-9702.

About PetroAlgae

PetroAlgae is commercializing new technologies to grow and harvest oil from algae. This process utilizes algae, grown in bioreactors on land not used for cultivation of food crops, which can be reclaimed without remnants of any damage. It also creates a sustainable, renewable, cost-effective substitute for petroleum oil and a reliable, environmentally friendly feedstock source for biodiesel and many other products. The Melbourne, Florida-based firm offers a path to sustainable, renewable and carbon-neutral energy independence with processes that are good for the environment.

For further information on PetroAlgae, please visit [ www.petroalgae.com ].