WEST PALM BEACH, Fla., May 13, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company") announced today that its annual shareholder meeting will take place June 15, 2016 at the West Palm Beach Marriott located at 1001 Okeechobee Blvd, West Palm Beach, Florida 33401. The meeting will be held at 2:00pm local time (see hotel meeting list for exact meeting room). Refreshments provided for registered shareholders, while supplies last.
BOARD OF DIRECTORS
The Company will introduce and Vote on the Board of Directors. Nominated to the Board for 2016 are current members Daniel de Liege, George Bolton, Charles Sills and newly nominated member Troy Lorenz.
INCREASE IN AUTHORISED SHARES
The Company is also seeking to increase the amount of shares it has authorized from its current 110 million to 510 million. The Company has no intention to issue these shares at this time, only to have them available for future merger and acquisition opportunities as well as to position the Company for possible up-listing to the NASDAQ or New York Stock Exchanges, when the time is right.
“This is a move to put the Company in a more mature position so that as we grow over these next couple of years we can take advantage of the opportunities that will undoubtedly come our way and be ready for the eventual up-list to the big boards,” said CEO Daniel de Liege.
Authorized shares of stock refers to the type and number of shares which a company can issue or has the right to issue. Issued and Outstanding shares of stock, on the other hand, refers to the shares actually issued or distributed to shareholders. The number of issued shares outstanding determines ownership and voting rights in the company. Authorized shares do not have any dilutive effect on current shareholders.
Company CEO Daniel de Liege will introduce the nominated Board Members and give a brief update on the Company’s progress and future plans.
The meeting is open to all shareholders as of May 9, 2016. Non-shareholders will not be permitted to attend the meeting. Shareholders are responsible for their own travel and expenses. Proxy statements have been made available to all listed and registered shareholders.
Alliance BioEnergy +, Inc. (“ALLM”) (OTCQB:ALLM) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
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 BioEnergy Plus, 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’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
Public Relations and Media Contact: LCG Headquarter Office 702.333.4886 www.lcginfo.com
Source:Alliance BioEnergy Plus, Inc.