Business & Finance
Business and Finance
Business and Finance 
Tue, September 20, 2011
DENVER--([ BUSINESS WIRE ])--Evergreen Energy Inc. (NYSE Arca:EEE) On September 19, 2011, Evergreen Energy Inc filed amended reports on Form 10-Q/A as of and for the quarters ended March 31, 2011 and June 30, 2011, restating certain aspects of its financial statements as previously disclosed in the Companya™s Form 8-K filed September 16, 2011. Commenting on the amended reports, Evergreen Energy Executive Chairman Ilyas Khan stated, aI am confident that none of the restated items will have a material impact on the ongoing business of the company. Our management team has implemented the necessary internal controls to limit the risk of these issues recurring in the future.a
"I am confident that none of the restated items will have a material impact on the ongoing business of the company. Our management team has implemented the necessary internal controls to limit the risk of these issues recurring in the future."
Evergreen Energy Inc.
Evergreen Energy Inc. (NYSE Arca: EEE) offers environmental solutions for energy production and generation industries, primarily through its patented clean coal technology, K-Fuel®. K-Fuel® significantly improves the performance of low-rank sub-bituminous and brown coals and lignite. The process yields higher efficiency levels, which are variable depending on the type of coal processed, by applying heat and pressure to low-rank coals to reduce moisture. For more information, please visit the companya™s website at [ www.evgenergy.com ].
Safe Harbor Statement
Statements in this release that relate to future plans or projected results of Evergreen Energy Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission. Readers of this release are encouraged to study all of our filings with the Securities and Exchange Commission. Our ability to execute our business plan and develop the K-Fuel® or GreenCerta" technologies and the successful development and operation of our Southern Coal Holdings venture with WPG Resources (aSCHa) may be adversely impacted by unfavorable decisions in pending litigation, the inability of Green Bridge Holdings to make future payments under the terms of the sale of the Landrica Development Company assets and our Ft. Union Plant, the inability to raise sufficient additional capital in a timely manner to pursue the development of the technology or the development and operation of SCH, unsuccessful exploratory activities with respect to the identified SCH coal deposits, the inability to successfully apply the K-Fuel® technology to SCHa™s coal deposits, the inability of SCH to obtain regulatory approval for its activities, adverse conditions for the marketing and sale of upgraded coal, the ability to successfully develop and commercialize other applications of the K-Fuel® technology (including the development of an activated carbon product), and the ability of the Company to successfully maintain and defend its patents, including the application of such patents to other uses of the K-Fuel® technology. Readers of this release are cautioned not to put undue reliance on forward-looking statements.