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Vega Biofuels to Create Green Energy Products in South America

^{Published on 2009-11-24 14:49:16 - Market Wire}
 

LONDON--(Marketwire - November 24, 2009) - VEGA PROMOTIONAL SYSTEMS, INC. (PINKSHEETS: [ VGPR ]) announced plans today to build a biomass production facility in Brazil.

Vega recently announced it is developing a biomass facility in South Georgia to manufacture green energy products. The Company's plan is to build a facility in Brazil that would mirror the planned plant in Georgia.

The Company's Business Plan calls for building green energy manufacturing facilities throughout the world. The Company's management team has extensive experience working in South America and the opportunities in Brazil are greater than most other countries.

The Company is currently negotiating with a potential joint venture partner that would assist in the construction of the South American plant. There is a tremendous amount of engineering that has to be done prior to beginning construction and since the plant would be identical to the proposed Georgia plant, those costs can be amortized over the two plants.

Vega will provide more information on the South American project in the next few days.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

View this release in video format: [ http://www.vodnewswire.com/vodnewswire/news/vega-20091124/ ]