Advanced Plant Pharmaceuticals, Inc. Announce Plans to Acquire Biodiesel Producer World Health Energy, Inc.
Company To Enter Rapidly Expanding Renewable Energy Market
New York, NY, November 8, 2006 – Advanced Plant Pharmaceuticals Inc. (OTCBB: APPI), today announces signing a Memorandum of Understanding (“MOU”) to acquire the Biodiesel company, World Health Energy, Inc. World Health Energy, Inc. ("WHE") is an emerging energy company focusing on biofuels and renewable energy production and distribution.
Biodiesel refers to a diesel-equivalent, processed fuel derived from biological sources. Though derived from biological sources, it is a processed fuel that can be readily used in diesel-engined vehicles, which distinguishes biodiesel from the straight vegetable oils or waste vegetable oils used as fuels in some modified diesel vehicles. Biodiesel is biodegradable and non-toxic, and has significantly fewer emissions than petroleum-based diesel when burned. Biodiesel functions in current diesel engines, and could in theory supplement fossil fuels as the world's primary transport energy source. Biodiesel reduces emissions of carbon monoxide (CO) by approximately 50 % and carbon dioxide by 78 % on a net lifecycle basis.
Biodiesel can also be used as a heating fuel in domestic and commercial boilers. Biodiesel can be distributed using today's infrastructure, and its use and production are increasing rapidly. Fuel stations are beginning to make biodiesel available to consumers, and a growing number of transport fleets use it as an additive in their fuel.
World Health Energy, Inc. plans to use renewable, cost-effective agricultural products from around the world to develop natural alternative fuels and marketable agricultural by-products such as feedstock. WHE’s proposed Biodiesel production plant is designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214 as well as ASTM D6751 specifications.
In addition to renewable energy production, WHE’s unique process will create a newly engineered feedstock as a by-product of the biodiesel production. Due to a feedstock shortages worldwide, the company plans to sell the feedstock as a secondary source of revenue, capitalizing on all aspects of the biodiesel production process.
Under the terms of the MOU, Advanced Plant Pharmaceuticals, Inc. would acquire World Health Energy, Inc. in return for 20% of APPI. Additionally, APPI would change the name of the company to World Health Energy, Inc. and a new ticker symbol will be applied for in the near future.
“Biodiesel is a multi-billion dollar industry and World Health Energy is positioned to make an impact and capture a healthy segment of the industry. We are looking forward to completing the MOU process to add World Health Energy to our company and launch our operations into the rapidly expanding renewable energy industry.”
To be added to APPI’s corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@advancedplantpharm.com.
About World Health Energy Inc. (www.worldhealthenergy.com)
World Health Energy, Inc. is an emerging renewable energy and biofuel company. The company will produce and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels.
About Advanced Plant Pharmaceuticals, Inc. (www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (APPI) focuses on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(tm) worldwide through various sales distribution channels.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
World Health Energy IR@worldhealthenergy.com
Advanced Plant Pharmaceuticals, Inc. Rick Lutz, LC Group, Investor Relations, 404-261-1196
World Health Energy ("WHE") focus is in the area of Bio-Fuel and renewable energy that is synergic to Good Health and Environment. WHE is working with renewable agricultural products to develop nature-based alternatives fuels to the fossil fuel that is now recognized by experts as the cause for the erosion of most of our health and environmental disposition. WHE will be a world leader in the production of cleaner-burning biodiesel and other alternative bio-fuels. WHE is working with leading scientists in the development of new feedstock that will revolutionize this industry providing an answer to the global feedstock quandary.
WHE has its own Biodiesel Production Plant Designs to produce biodiesel that complies to or exceeds the EN 14214 as well as ASTM D6751 specifications.
David Meidzygorski (Harel) - Director, CEO
David Meidzygorski, CEO ISRA Biodiesel, has spent the past 10 years developing businesses in Israel, Canada and Europe. In the 80's David had his first experience working in the oil recycling industry in British Columbia, Canada and now feels that the timing has never been brighter in the alternative fuel industry poised for an exponential growth. David's strength lies in his ability to have a clear vision of the opportunities and trends in the renewable energy sector, his extensive business experience in the Israeli, North American and European markets will be instrumental in providing the needed business logistics, to enable ISRA Biodiesel's objectives to be completed successfully as scheduled. His intuitive personality allows him to seek out applications and opportunities in the biodiesel and biomass field, to compliment ISRA biodiesel objectives.
Mr. Meidzygorski continues to maintain his long established association with a boutique investment banking firm with offices in Israel and Europe and will be using all his contacts directed to the success of ISRA Biodiesel initiatives.
Edwin Zhao - Director, CTO
Edwin Zhao, has spent the past 35 years working in the energy sector and developing the alternative energy business model. From 1983 - 1991 Edwin was a key member of the team that installed the world’s largest supervisory control system in Syncrude Canada Limited, Fort McMurray, Alberta. This is Canada’s largest oil company, a $15 billion plant, utilizing Honeywell TDC3000 and Digital Vax computers for supervisory control. Other petrochemical plants that Edwin supervised the installation and commissioning of the TDC3000 control systems in Suncor – Fort McMurray, Esso - Cold Lake, Shell – Peace River, he has been called upon on many an occasion as an expert control systems troubleshooter to Esso – Dartmount, Fletcher Challenge – Campbell River, MacMillan Bloedel – Powell River and other sites to resolve control and control application matters.
Edwin has numerous awards, in 1988 he won the Honeywell Canada-wide, Technical Achiever Award, he was awarded the Technical Design Award with Westcoast Energy Transmission, Canada’s largest Natural Gas Plant and the world’s largest Gas Plant at one time, for redesigning the CSEM (Continuous Stack Emission Monitoring), this was the largest monetary award awarded by Westcoast Energy Transmission at that time. He has been invited as Guest speaker to colleges and conferences in Canada. Edwin was one of the first members of the Energy Conservation Team that performed energy audits in British Columbia under the umbrella of B. C. Energy Commission in a JV with the Federal Government of Canada; he has preformed energy audit and advised most industry and commercial establishments in the matter of energy conversation in British Columbia. He has advised the government on energy conservation and energy reserve matters, he has written several energy audit programs and worked with BC Hydro energy division in the study and development “Efficient use of Electrical Motors” and wrote a program that was used Canada-wide for the energy audits. Edwin has numerous self-taught, college and University accreditation. Mr. Edwin Zhao will continue to oversee the companies marketing and sales strategies and R & D initiatives.Edwin’s strength lies in his ability to have a clear vision of the opportunities and trends in the renewable energy sector. He has been instrumental in developing the business model and platform. His instinctive nature allows him to seek out applications and opportunities in the bio-energy, biomass and combustion field, while keeping his focus on the immediate objectives. Edwin is an opportunist, able to see opportunities and evolving trends. This allows him to decisively move the organization along a path that makes the most sense and to make the necessary adjustments to realize the organizations objectives
WOW... I must say I have never seen a balance sheet this bad before... the company owes 197x what it is worth in the short term and 173x in the long term... good luck with that
Last quarter they had revenues of $3,000.00... magically they have a negative cost of revenue... which i'm pretty sure is impossiable... their selling and admin expenses are all wonky... they dont even have any R&D expenses stated even tho the company is described as "Advanced Plant Pharmaceuticals, Inc. engages in the research and development of plant-based dietary health supplements."
Last quarter they sold $145,000.00 in stock and I don't see any way they could slow this pace and manage not to fold...
This is one of the weirdest looking set of financial statments I have ever seen... I don't know who in their right mind would invest in this company after seeing them
"It's not nessicary to be rich and famous to be happy... Just rich"
DeMerchant, I agree. The ratios that you mention are even worse if you deduct the "Goodwill" which is totally worthless where this company is concerned. The O/S are very close to the A/S which means there will probably be a reverse split in the near future. This company would be vastly overpriced at .0001.
Tons of negative opinions on this company back in the Nov timeframe. Obviously they haven't turned the company around in 3 months, but it seems like they have a pretty good acquisition, and they are in the right business based on Bush's long term challenges. I think the company is still a dog, but looking for your opinions again. This same forum has also given RMDG the thumbs up, but obviously that is a dead horse as well. Could you be wrong on both accounts???
Tons of negative opinions on this company back in the Nov timeframe. Obviously they haven't turned the company around in 3 months, but it seems like they have a pretty good acquisition, and they are in the right business based on Bush's long term challenges. I think the company is still a dog, but looking for your opinions again. This same forum has also given RMDG the thumbs up, but obviously that is a dead horse as well. Could you be wrong on both accounts???
monty1117
imo, I would stay away from this one, had this stock about a year ago, but nothing changed but keep it on your Radar screen, it might turn around
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I jumped in 6 months ago but only bought 100000 shares, so the risk is minimal in dollar values. Doubled the money, took initial investment out, and could careless if it went to 0 now. thanks for the info..
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