NEW YORK, Dec. 4, 2013 (GLOBE NEWSWIRE) -- Tauriga Sciences Inc. (OTCQB:TAUG) or ("Tauriga" or "the Company"), a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nanorobotics space, has today highlighted some recent positive media coverage regarding its pending acquisition of Pilus Energy LLC ("Pilus Energy"). The list of articles compiled below, which includes the corresponding links, is for the browsing convenience of shareholders and interested parties.
Most Notably the November 26th article (Article #1), "Cincinnati-based Pilus Energy Gets New Owner, Launches Crowdfunding Campaign," by Lucy May, includes a quote by Mr. Biju George ("Mr. George"), the Deputy Director of the Metropolitan Sewer District of Greater Cincinnati ("MSD"). One of Pilus Energy's two planned pilot tests is with MSD, which if successful, could result in significant high margin revenues for the Company over the coming years. This commercial pilot test with MSD is expected to commence shortly after Tauriga completes the acquisition of Pilus Energy, which is anticipated to occur during the first calendar quarter of 2014. Please see below the comment (quotation) by Mr. George:
"When I first talked to Pilus and the founders and the researchers, it was like a science fiction movie, and they made me a believer in it," George said. "If it can move to a level where they can commercialize this and truly apply it to a large scale, it's going to completely change the science behind how we treat wastewater in the future," he said.
|Source:||WCPO CINCINNATI (Channel 9 News)|
|Title:||"Cincinnati-based Pilus Energy Gets New Owner, Launches Crowdfunding Campaign"|
|Date:||November 26, 2013|
Article # 2)
|Source:||Cincinnati Business Courier|
|Title:||"New York Micro-Robot Firm Buys Cincinnati Startup"|
|Date:||November 26, 2013|
Article # 3)
|Title:||"Turning Organic Waste into Electricity with Bacteria"|
|Date:||November 25, 2013|
Article # 4)
|Title:||"Pilus Energy Uses Bacterial Robots to Turn Sewage into Electricity, Water, and Biogas"|
|Date:||November 25, 2013|
Article # 5)
|Title:||"Water Remediation 'Robots' Feast On Over 400 Wastewater Contaminants, Then Self-Destruct"|
|Date:||November 21, 2013|
On November 25, 2013, the Company signed a definitive agreement to acquire Cincinnati, Ohio based Pilus Energy LLC ("Pilus Energy"), a developer of alternative cleantech energy platforms using proprietary microbial solutions that creates electricity while consuming polluting molecules from wastewater. Upon consummation of the proposed reverse merger, which has been unanimously ratified by Tauriga's board of directors, Pilus Energy will become a wholly-owned subsidiary of Tauriga.
About Tauriga Sciences, Inc.:
Tauriga Sciences, Inc. (TAUG) is a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nano-robotics space. The mission of the Company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The Company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses. Management is firmly committed to building lasting shareholder value in the short, intermediate, and long terms. The Company's new corporate website can be found at (www.tauriga.com).
About Pilus Energy LLC
A developer of alternative cleantech energy solutions, Pilus Energy is developing microbial solutions that clean polluting molecules from wastewater. In the process, the technology generates electricity and produces economically important gases and chemicals. Pilus Energy licenses a low-cost, scalable electrogenic bioreactor platform and wastewater-to-value BactoBots. Pilus Energy will also derive additional revenues from carbon and renewable energy credits (REC). For more information, please visit Pilus Energy's web site, (www.pilusenergy.com).
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on TAUG's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which TAUG has little or no control. Such forward-looking statements are made only as of the date of this release, and TAUG assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by TAUG with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
CONTACT: For further information regarding Tauriga Sciences, Inc.: Mr. Seth M. Shaw Chairman & Chief Executive Officer Tauriga Sciences, Inc. www.tauriga.com New York: +1-917-796-9926 Montreal: +1-514-840-3697 Email: firstname.lastname@example.org
Source:Tauriga Sciences Inc