|By Marketwired .||
|June 24, 2014 09:45 AM EDT||
TEMECULA, CA -- (Marketwired) -- 06/24/14 -- Extreme Biodiesel, Inc. (OTC Pink: XTRM) (PINKSHEETS: XTRM) today announced a corporate update.
Extreme Biodiesel Update
Extreme Biodiesel is nearing completion of its manufacture yard located in Lake Elsinore. Extreme intends to use the yard for the purpose of manufacturing its Mobile Biodiesel Production Units, and refurbishing 20 and 40 foot storage containers for biodiesel production. The finished unit which is capable of producing up to 1400 gallons a day depending on what material is used will feature upgradable options for converting seed oil into biodiesel, and it is also the largest unit extreme has ever built.
Other Company Updates
XTRM has been making progress on the 40 acre Southern California land development. XTRM has signed a contract to install a water well for the property and according to the contractor Daugherty Pump and Drilling the well should be completed within 90 days as XTRM is on a waiting list. Additional information will be updated on OTCMarkets as available.
About Extreme Biodiesel
Extreme Biodiesel is an alternative fuel and recycling company with several wholly owned subsidiaries such as XTRM Cannabis Ventures, and Extreme Biodegradable Products that work together to compliment Extreme Biodiesel. Our mission is to provide a cost-effective, high-quality alternative diesel fuel comprised of natural plants and food waste, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil.
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.