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Aventura Equities Subsidiary Selected for Hawaiian Pilot Demonstration Plant

^{Published on 2010-05-12 09:00:19 - Market Wire}
 

GEORGETOWN, SC--(Marketwire - May 12, 2010) - Renewed World Energies, Inc., a majority owned subsidiary of Aventura Equities, Inc. (PINKSHEETS: [ AVNE ]) announced that BioEcoTek-Hawaii selected Renewed World Energies, Inc.'s ("RWE") bioreactor for an innovative pilot demonstration utilizing wastewater at a sewage treatment plant located in Oahu, Hawaii. This project possesses the promise to make wastewater treatment facilities net positive energy producers while reducing greenhouse gases.

John P. Venners, President of BioEcoTek-Hawaii, said, "After an extensive search for a robust, cost efficient photo bioreactor system we chose RWE's system. It is clear to us that this self contained system offers us maximum flexibility and reliability to conduct the necessary tests prior to full scale commercialization. We were also impressed with RWE's experienced management team and their thorough understanding of the business opportunities in algae."

"We are excited about BioEcoTek's selection of our bioreactor for their innovative project," stated Rick Armstrong, Chief Executive Officer of Aventura Equities (PINKSHEETS: [ AVNE ]), the majority owner of RWE.

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as AVNE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Website: [ www.aventuraequities.com ]

Website: [ www.rwenergies.com ]

Website: [ www.bioecotek.com ]