NEW YORK, Sept. 7, 2010 (GLOBE NEWSWIRE) -- Better Environment Concepts Inc. (Pink Sheets:BEEN), reports that on September 3rd, 2010, Brent Riddle, CEO of Better Environment Concepts Inc., (BECI), asked the Board to approve his request to represent the company in negotiations to purchase certain Australian oil properties. For the last year, the Company has been engaged in negotiations for the purchase of traditional fossil fuel based business interests that would complement its overall energy development pursuits. When asked if he intended to keep the Company focused on the alternative energy industry, Riddle stated, "It remains the long term objective and business strategy of the Company, however, we can't ignore the lucrative opportunities that exist in the traditional fossil fuel industry. We believe that the future of the energy industry is shifting toward the renewable markets but, it's moving slow. Currently, we are pursuing a number of projects in the alternative energy industry and over the next couple of days I intend to ask the Board to approve a proposal to purchase a 20% stake in a bio-diesel manufacturing project located in South Carolina." The Company indicated it would release additional details on the transaction as they develop.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
CONTACT: Better Environment Concepts Inc. Brent Riddle, CEO 1-800-939-6738 Fax: 1-800-939-6738 110 Wall Street, 11th Floor NY, NY, 10005