WEST PALM BEACH, Fla., May 27, 2015 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company") announced today that J. Palmer (Jim) Brown came on board as the President of Company subsidiary AMG Energy Group, LLC. Jim worked in Aerospace, Light Rail Transit, Automotive and Industrial Design as a General Manager, Project Manager, Engineer and Consultant. Specializing in Startups and Turnarounds, he helped start up the North American operations of two German manufacturing companies and has turned around numerous industrial operations. As the European General Manager of Frog Design, Jim oversaw the concept development, design and engineering of client products in Consumer Electronics, Communications, Medical, and Retail Space.
Jim received his Bachelors in Engineering from California Polytechnic State University and his Masters in Technology Management from the Massachusetts Institute of Technology (MIT). He is a LEED® Accredited Professional and a Certified Construction Manager®.
Jim is a Clinical Professor at the University of Alabama and teaches undergraduate, graduate and executive courses in Innovation Management, Supply Chain Management and Project Management.
Jim grew up in California and expatriated to Germany for ten years before being recruited as a program manager to help start up Mercedes-Benz US International. He was the first Mercedes Benz engineer on site in Tuscaloosa and speaks fluent German.
Jim will oversee the Companies licensing and Plant construction operations while working with licensees on quality control and optimization.
Last week the Company announced the signing of its first sublicense agreement with the South African company Naldogen (Pty) Ltd (Marketwired: May 20, 2015). Given that there are multiple companies and people (AMG Energy, Naldogen, Carbolosic Energy, Spearhead Capital, Sonono Khoza, TES Projects, and Alliance BioEnergy Plus) involved in this license agreement, it's important that shareholders of Alliance Bioenergy (ALLM) understand the economics of this license agreement with respect to Alliance Bioenergy. The South African License agreement calls for multiple plants to be constructed but for simplicity, here is how the estimated economics break down for the License Fee and the first plant in South Africa running at capacity: All numbers are per year with the exception of the onetime $25 million License Fee.
- License Fee: One time $25,000,000 payment
- ALLM and its subsidiaries portion of License Fee: $16.25 million
- Revenue estimate for Single South African Plant: $83,648,298
- Profit estimate for Single South African Plant: $33,423,935 (39.99% margin)
- ALLM Yearly Royalty Fee: $836,482 (1.0% of Gross for first plant and then 2.50% on all future African plants)
- ALLM 24.5% Ownership in South African plant: $8,188,864 of earnings for ALLM
The goal for Alliance Bioenergy is to License the CTS Technology to multiple locations globally as well as to own/operate company owned plants in the United States. We are actively communicating with potential Licensees and planning for our first company owned plant in the United States.
About ALLM :
Alliance BioEnergy +, Inc. ("ABE") (OTCQB:ALLM), is a publicly traded company focusing on "Green" energy and renewable technologies. ABE's subsidiaries focus on emerging technologies in the renewable energy, bio-fuels and new technologies sectors. ABE owns a fifty percent interest in Carbolosic, LLC, and the exclusive rights to North America (including Canada, U.S. and Mexico) and Africa. Carbolosic holds the exclusive, worldwide license to the patented mechanical/chemical technology, "CTS™" developed by the University of Central Florida. The CTS technology is able to produce Sugars, Various Fine Chemicals, Plastics, Carbon Fibers and other valuable products from virtually any plant material, wood or paper by product, fruit casings or bio waste.
Information in this document 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", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions 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 Alliance Media Group Holdings, Inc actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance Media Group Holdings, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance Media Group Holdings, Inc disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
CONTACT: Public Relations and Media Contact: Brandy Ferrell (888) 607-3555 ext 1004
Source: Alliance BioEnergy + Inc.