Empire Diversified Energy appoints Jason Warren as its new Chief Financial Officer.

Fort Lauderdale, FL.- January 11, 2021- (OTC Markets Release) Empire Diversified Energy Corporation (OTCQB:MPIR) announced today that it has continued its management expansion with the addition of Jason E. Warren as Chief Financial Officer.  Mr. Warren brings almost two decades of experience to his new position at Empire.   That corporate experience has seen Mr. Warren assuming  a wide range of corporate development tasks: planning and analysis, Data Analytics, Internal and External Reporting, Supply Chain and Inventory Management, Management Efficiency and Optimization, Capital Planning and Investor Relations. The company pointed also to his additional experience in royalty accounting, eCommerce development,  and Real Estate planning and use, as further assets that he brings to the position.  Overall, as noted by Lawrence Chimerine, Chairman of the Board of Directors of Empire, Mr. Warren’s overall CV shows his success in “partnering with other leadership team members to improve performance,  develop operational metrics, improve reporting, and in overall driving accountability.”

Empire’s recent closing of a West Virginia Business Development Bond Funding in the amount of $26 million, underwritten by Citigroup, and the acquisition of corporate and other assets as a result, reflect the company’s changing needs in management experience and capabilities.  Mr. Warren’s addition to the company and to the Board of Directors, after an extensive search, fills those needs.

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials. Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.

For further information contact Empire Diversified Energy, Inc.

Investor Relations – 954-332-2423

www.Empirediversifiedenergy.com

Carl S. Ewusiak named as President  and  elected to the Board of Directors of Empire Diversified Energy, Inc.

Fort Lauderdale, Florida-December 18, 2020- (PR Newswire) Empire Diversified Energy, Inc. (OTCQB: MPIR), announced today that Carl (Scotty) Ewusiak has been unanimously named to the Board of Directors of the Company, as well as approved by the Board to serve as Empire’s President.  Empire recently closed on a $26 million tax-exempt funding with the West Virginia Economic Development Authority, underwritten by Citigroup, and subscribed by Principal Street Partners, and Nuveen.  Mr. Ewusiak has for many years functioned as owner and operator of the facilities in and around Follansbee, West Virginia that were acquired by Empire as a first phase in a broader project of acquisition and development in the area.  According to Lawrence Chimerine, Chairman of the Board of Directors of Empire Diversified Energy Corp.: “Scotty’s extensive experience in the area, his contacts and associations developed over the years, and the broad success that he has achieved create a dynamic combination for Empire’s management team.”

A more detailed recitation of Mr. Ewusiak’s bio, as well as a more comprehensive presentation of the Empire Diversified Energy Corp.’s funding and acquisitions is to be found at the website: www.empirediversifiedenergy.com.

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.

Empire Diversified Energy Inc. Closes its $26 million dollar funding offering to enhance its corporate acquisition/expansion plan.

FORT LAUDERDALE, FL., December 16, 2020 (OTC Markets Release) Empire Diversified Energy, Inc. (OTCQB:MPIR) offered additional details today regarding the recent closing of its $26 million funding, and the asset acquisition and expansion that has already begun as a result.  As noted in its release of 12/2/2020, Empire’s funding resulted from the issuance by the West Virginia Economic Development Authority of tax-exempt Dock and Wharf Revenue Bonds.  The bond issuance, underwritten by Citigroup, was purchased primarily by Principal Street Partners and Nuveen Investments. This funding will enable Empire Trimodal Terminal, LLC, a new wholly owned subsidiary of MPIR, to acquire, expand and diversify the existing Facilities and operations at the Site.

The Facilities have historically been owned by Mr. Scott Ewusiak and operated under the name of Trimodal Terminal. Mr. Ewusiak will continue with his immediate focus being the expansion of the facilities which are located in Follansbee, West Virginia and sit on the east bank of the Ohio River, 40 miles west of the Port of Pittsburgh (the “Site”).

The Site is a permitted barge facility authorized by the U.S. Army Corps of Engineers.  The expanded operation will increase the number and type of materials to be provided to a larger number of industrial customers. Additional dock and wharf capacity will now allow the company to expand its loading and unloading of materials as well as provide a staging area for up to 45 barges along the 5,000 feet of Ohio river frontage at the Site.

The Site is readily accessed  by rail and served by Norfolk Southern Railway. At present, the facilities also offer rail spurs available for transloading as well as extensive locations for materials storage, separation and blending. The modernization and expansion of oil storage facilities onsite has begun. Additionally onsite is a water manifold capable of pumping over one million gallons of non-potable water per day to high volume users such as natural gas well drillers, pipeline drillers and other industrial users.  The funding will further enable Empire Diversified, the parent company, to increase the size and scope of an operation that has functioned successfully for years.

In commenting on the acquisition and the financing, Dr. Lawrence Chimerine, Chairman and Mr. Frank Rosso, CEO, stated that “it is the culmination of several years of hard work to identify both an acquisition candidate and source of financing.” They stated further that “this acquisition represents the first step in our long term business plan to develop liquid natural gas and petrochemical storage hubs, together with scrap iron and mineral sales in the upper Ohio River Valley.” They went on to emphasize the importance of MPIR’s partnering with Mr. Ewusiak—“a seasoned operator with deep roots and extended experience in the area who will provide hands on management to our team.”

Mr. Ewusiak, in adding his reaction to Messrs. Chimerine and Rosso, said that “he was pleased to become part of a public company that shared his vision of the broad potential  that the new Empire Diversified Energy, Inc. could unlock in the area,” and that he “looked forward to working with Messrs. Chimerine and Rosso and the entire MPIR team.”

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Empire Diversified Energy, Inc. to appear on the Beasley Broadcasting’s airing of  “The Mick Bazsuly Show”

FORT LAUDERDALE, Fl., December 16, 2020  (OTC Markets News Release)…Empire Diversified Energy Corp., (OTCQB: MPIR) announced today that its CEO, Mr. Frank Rosso, will appear on a Beasley Broadcasting production,  “The Mick Bazsuly Show” to be aired at 11 A.M. EST today (12/16/2020)  on 95.3FM, 96.9FM, 103.6FM and 1470AM locally in South Florida, and available live worldwide on AMP2.TV and WWNNRadio.com.

Mr. Rosso is expected to discuss Empire’s recent closing on a $26 million West Virginia Economic Development Authority tax-exempt bond issuance,  as well as its corporate mergers/acquisitions and its plans for further development as a result.

For more information on today’s broadcast, please logon to  www.wwnnradio.com or search the Mick Bazsuly Show on YouTube

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.

 

 

Empire Diversified Energy, Inc. completes major acquisition. Financing of $26 million provided by issuance of Dock and Wharf Revenue Bonds.

Fort Lauderdale, FL – December 2, 2020- Empire Diversified Energy, Inc. (MPIR) announced today that its wholly owned subsidiary, Empire Trimodal Terminal LLC (“Empire Trimodal”) has acquired certain facilities (the “Facilities”) from Trimodal Terminal LP (“Trimodal Terminal”) located in Brooke County, West Virginia. The Facilities, with an appraised value of $39 million, were acquired with proceeds from the issuance by the West Virginia Economic Development Authority (the “Authority”) of Dock and Wharf Revenue Bonds in the principal amount of $26 million and bearing a coupon rate of 7-5/8% (the “Bonds”). Citigroup Global Market Inc. was the underwriter for the Bonds.

The acquisition and the financing was made pursuant to an agreement between the Authority and Empire Trimodal with the proceeds being used to finance or refinance the costs of acquisition, construction and equipment of dock and wharf  Facilities. The obligations of Empire Trimodal are guaranteed by MPIR.

Additional information about the Facilities and other matters will be provided in subsequent releases.

For further information contact Frank Rosso at 954-332-2423.

Empire Diversified Energy, Inc.  to Present at NobleCon16 

Ft. Lauderdale, FL – February 12, 2020 – Empire Diversified Energy, Inc. (OTCQB: MPIR) (the “Company”), today announced that its Chairman, Dr. Larry Chimerine and CEO, Mr. Frank Rosso will present at NobleCon16 – Noble Capital Markets’ Sixteenth Annual Investor Conference at the Hard Rock Hotel & Casino, Hollywood, Florida – on the 18th of February, 2020, 10:30 am Eastern Standard Time.

A high-definition, video webcast of the presentation will be available the following day on the Company’s website, https://www.empirediversifiedenergy.com, and as part of a complete catalog of presentations available at the Noble Capital Markets’ Conference website, www.nobleconference.com,  and on Channelchek, www.channelchek.com, the investor portal created by Noble. The webcast will be archived on the Company’s website, the NobleCon website and the Channelchek website for 90 days following the event.

The Company has identified a number of assets that it intends to acquire that are geographically located in the heart of the energy and raw material nexus of the United States — West Virginia, Pennsylvania, Ohio, and Kentucky, and has also identified barge and rail capabilities on the Ohio River.

About Noble Capital Markets, Inc.

Noble Capital Markets is a research driven boutique investment bank that has supported small & microcap companies since 1984. As a FINRA and SEC licensed broker dealer, Noble provides institutional-quality equity research, merchant and investment banking, wealth management and order execution services. In 2005, Noble established NobleCon, an investor conference that has grown substantially over the last decade. In 2018, Noble launched www.channelchek.com – a new investment community dedicated exclusively to small and micro-cap companies and their industries. Channelchek is tailored to meet the needs of self-directed investors and financial professionals. Channelchek is the first service to offer institutional-quality research to the public, for free at every level without a subscription. More than 6,000 emerging growth companies are listed on the site, with growing content including webcasts, podcasts, and balanced news.

About Empire Diversified Energy Corporation

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry.  The Company’s goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our plans to acquire certain assets, reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact: Frank Rosso, Chief Executive Officer

Phone 954-332-2423

Empire Diversified Energy, Inc.

www.EmpireDiversifiedEnergy.com

EMPIRE DIVERSIFIED ENERGY, INC. SIGNS AGREEMENT TO ACQUIRE LOGISTICS TERMINALS

 FORT LAUDERDALE, FL, 5/30/2019 /PRNewswire/ Empire Diversified Energy Inc. (“Empire” or the “Company”) (OTCQB: MPIR) is pleased to announce it has signed an agreement to acquire all of the equity interests in Go Green American Recycling, Inc. and a majority interest in Tri Modal Terminals (in a single, binding agreement) in exchange for $16,000,000 in cash, 35 million shares of Empire common stock and one million shares of Empire preferred stock.  Go Green and Tri Modal are strategically located  on the banks of the Ohio River, in Follansbee WV. The companies are engaged in providing handling and logistics services for an array of energy related materials. 

Frank Rosso, Empire CEO states, “This is part of the vertical integration plan we have always had in mind for our company. We could not be more pleased and excited to work with the Ewusiak family and the staff at the terminals. These are great people who have done a great job finding the right geographic location, at the right time, to take advantage of the new industrial revolution underway in the Tri-State region. This area has been challenged for many years, and now due to the changes in governmental policies is witnessing the rebuilding of old steel plants and the opening of new ones. Coke plants servicing these steel mills are now running at full capacity, as are the new cracker plants built by Shell Oil which support the liquid natural gas coming from the nearby Marcellus Shale pipeline project.”

Mr.  Rosso went on to say,  “Empire is now perfectly positioned to support the resurgence of multiple American industries surrounding our terminal, providing procurement services to acquire a wide variety of materials these plants need to operate at maximum efficiently. The resulting Company plans  to invest in and build a central logistics hub, not only for the traditional  steel mills in the area, but also for the future LNG distribution network. Empire is pleased to be a part of this historic American revitalization.”

About Empire Diversified Energy Corporation

Empire Diversified Energy, Inc. is a full-service firm offering solutions to the dynamic changing needs of the Energy Industry.  The Company’s goal, based on years of demonstrable experience, is to offer strategic and innovative on-site execution in addressing industry issues such as remediation of Coal Combustion Residue (CCR), and the development of renewable energy sources.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact: Frank Rosso, Chief Executive Officer

Phone 954-332-2423

Empire Diversified Energy, Inc.

www.EmpireDiversifiedEnergy.com

Empire Diversified Energy, Inc. Receives First Financing Tranche from a Private equity group to expand Ohio operations.

 FORT LAUDERDALE, FL – 11/07/18 (OTC Markets News Release)

Empire Diversified Energy, Inc. (OTC Markets Ticker Symbol:MPIR) (the “Company” or “EDE”)  announces it has received the first tranche of investment funds from a private equity group. These funds have been used to pay off existing debt related to the Dickerson site located in Cadiz, Ohio and to expand operations at the site. This funding retired the remaining debt on the site, which was acquired with the purchase of 100% of the membership rights of DTE Dickerson LLC. A Michigan LLC in April of 2017. This financing also provides much needed working capital to expand the reclamation project.   The debt is secured by all of the assets of Empire Minerals of Ohio Corporation, EDE’s wholly-owned subsidiary and the operator of the Dickerson site, and 2 million shares of EDE.  The private equity lender also received a warrant to purchase 2,000,000 shares of EDE common stock for $0.50 per share.

Empire Minerals of Ohio Corporation), an Ohio corporation, continues to work on reclamation and regulatory projects as per requirements issued by the State of Ohio. The Company also has met with new potential operators for the Dickerson site to increase productivity and compliance.  

About Empire Diversified Energy Corporation

Empire Diversified Energy, Inc. is a full-service firm offering solutions to the dynamic changing needs of the Energy Industry.  The Company’s goal, based on years of demonstrable experience, is to offer strategic consulting and innovative on-site execution in addressing industry issues such as remediation of Coal Combustion Residue (CCR), and the development of renewable energy sources in addition to suppling traditional solid fuels to qualified buyers.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact: Frank Rosso, Chief Executive Officer

Phone 954-332-242

Empire Diversified Energy, Inc.

www.EmpireDiversifiedEnergy.com

 ************

Empire Diversified Energy, Inc. Announces its First Acquisition and Startup of Operations at the Site

FORT LAUDERDALE, FL – 02/13/2018 (PRESS RELEASE JET)

With the official announcement by OTC Markets on January 17, Empire Diversified Energy Corporation (OTCQB: MPIR) was officially uplisted from a “Pink Sheet” listing to a fully-audited company on the OTCQB.
The elevated status enabled Empire Diversified to finalize several components of Phase I of its business plan:

  1. Empire agreed to a schedule of financing terms and made a cash deposit for its first asset acquisition—the DTE Dickerson site in Cadiz, Ohio. The site is a formerly operating coal mine, with approximately million tons of refuse coal on-site. Once thought to be refuse, the coal “fines” will now be “screened” and sold in the currently surging coal market;
  2. Empire has received a binding purchase order from Red Hill Resources LLC (Kentucky) for up to 20,000 tons of this material per month;
  3. Empire has purchased and has taken delivery of all the necessary heavy equipment, and has built out the regulatory infrastructure, and the human services necessary for employees at the site;

Frank Rosso, the company Chief Executive Officer, has indicated that the operations at the Cadiz, Ohio is now underway. Mr. Rosso added “We have moved the company forward with all deliberate speed and believe we now have sustainability in that we have created an entity that can capitalize immediately on the current energy environment and at the same time create an environment that addresses the future needs of the industry.”

Mr. Rosso went on to announce that Empire is also in the final stages of securing a $10 million-dollar credit facility with a private hedge fund to facilitate the Company’s acquisition strategy.

About MPIR:

The Company’s immediate plan is to identify and acquire renewable and green energy companies and/or assets to enhance the country’s green power generation industry.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact: Frank Rosso
CEO
Empire Diversified Energy, Inc.
954-332-2423
www.EmpireDiversifiedEnergy.com

Media Contacts:
Company Name: Empire Diversified Energy, Inc.
Full Name: Frank Rosso
Website: empirediversifiedenergy.com

OTC Markets Group Welcomes New OTCQB Companies – November 22

Nov 22, 2017 , OTC Disclosure & News Service

New York, NY –

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the following company is approved for trading on the OTCQB® Venture Market:

Empire Diversified Energy, Inc. (OTCQB: MPIR) The Company’s immediate plan is (1) to identify and acquire renewable and green energy companies and/or assets that will enhance their efforts to create a new, proprietary clean fuel today, for tomorrow’s power generation industry. (2) Reclamation of formerly thought to be waste residue at depleted coal mining sites, with application of proprietary technology to create alternative energy sources, in a green energy, Environmentally- friendly corporation.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for this company on www.otcmarkets.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Empire Diversified Energy Hires New Chief Financial Officer

Fort Lauderdale, Fl., October 5, 2015

Empire Diversified Energy, Inc. (OTC Markets: MPIR), announced that it has hired George Baccash as its new CFO. Mr. Baccash has had a long and distinguished career as the Tax Partner-in-Charge of Private Company Services for the Florida Market of PricewaterhouseCoopers LLC.
Mr. Baccash served as lead tax partner responsible for the delivery of high quality tax services to a diverse multinational client base. With over thirty-eight years of tax consulting experience and twenty-four years as partner-in-charge of tax services for the Jacksonville, Memphis, Jackson Ms., and Saudi Arabia offices
His extensive tax and financial experience includes international tax planning and review for clients ranging from Fortune 100 clients to Forbes 400 private companies. His technical expertise includes mergers and acquisitions, international and partnership taxation and private equity funds. He has been a senior business and tax advisor to senior management of various industries and corporations.
Mr. Frank Rosso, CEO and Chairman of Empire Diversified Energy, Inc. commented on bringing Mr. Baccash onto the company’s management team: “George provides us with the world-class experience and expertise that Empire needs as it expands into further development of clean fuels, and the identification of suitable potential acquisition candidates.”
About MPIR:
The Company’s immediate plan is to identify and acquire renewable and green energy companies and/or assets that will enhance our efforts to create a new, proprietary clean fuel today, for tomorrow’s power generation industry
Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.
Contact: Frank Rosso
Chairman, CEO
Empire Diversified Energy, Inc.
www.EmpireDiversifiedEnergy.com

 


 

Empire Diversified Energy Expands Corporate Offices/Hires Auditing Firm

Fort Lauderdale, Fl., October 5, 2015

Empire Diversified Energy, Inc. (OTC Markets: MPIR), announced today that it has re-located and expanded its Executive Offices and Investor Relations Department in Florida.
Frank Rosso, CEO and Chairman of Empire Diversified Energy, Inc. explained the recent changes in the company’s business operations: “The broadening increase in interest in our proprietary clean fuel products has made it necessary to expand our management infrastructure, as well as provide the additional space and access to corporate services that an expanding business requires.”
Mr. Rosso referred to the company’s recent addition of a new Chief Financial Officer, as well as noting that Empire Diversified Energy, Inc. had hired an outside SEC accounting firm to perform an audit of its financial records.
“Empire is resolved to provide its current shareholders, and any potential future investors, with the strongest possible financial, legal and regulatory foundation for the growth of our company.”
.About MPIR:
The Company’s immediate plan is to identify and acquire renewable and green energy companies and/or assets that will enhance our efforts to create a new, proprietary clean fuel today, for tomorrow’s power generation industry
Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.
Contact: Frank Rosso
Chairman, CEO
Empire Diversified Energy, Inc.
www.EmpireDiversifiedEnergy.com

 


 

Revolutionary Solid-Fuel Developed by Empire Diversified Energy

Jul 02, 2015
OTC Disclosure & News Service

Frankfurt, KY –

Empire Diversified Energy, Inc. (OTC Pink: MPIR), together with a group, including the holder of the proprietary rights to the American Pellet, announced today that it had been working with a municipal energy authority to provide the authority with an alternative energy product called “American Pellet.” According to Frank Rosso, Chairman and CEO, the “American Pellet” is a revolutionary, disruptive Solid Fuel for the Power Generation Industry.

“This product has an equivalent burn of 11,000 BTUs, and a lower cost than the standard thermal steam coal being used today, which makes widespread use in the Power Generating Industry a real possibility.” Mr. Rosso noted additionally that the American Pellet is made from what was “refuse coal products” (coal fines) that were actually discarded by major coal companies, and left as a potential pollutant on the mine site. “What has been devised is a unique product, consisting of coal fines, silica, and a proprietary binder.”

The pellet has been tested several times over the last six months, and Empire Diversified expects production to begin this summer, in anticipation of receiving one or more long-term contracts.

Empire is additionally working to add cellulose (wood) to its pellets to create a one-of-a-kind hybrid Coal/Wood pellet that can be used in international burners, creating simultaneously the clean fuel product that they must use, with the higher BTU pellet that they need.”

About MPIR:
The Company’s immediate plan is to identify and acquire renewable and green energy companies and/or assets that will enhance our efforts to create a new, proprietary clean fuel today, for tomorrow’s power generation industry

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.
Contact: Frank Rosso

Chairman, CEO
Empire Diversified Energy, Inc.