San Diego, CA 7/10/2009 1:36:31 AM
Tiger Renewable Energy Shares Cooking With Gas...and Ethanol - Analysis at Small Cap Network
After putting the Wellington deal aside, Tiger Renewable Energy Ltd. (TGRW) is refocusing on its gas and ethanol operation.
Tiger Renewable Energy Ltd. (TGRW) shares are up sharply (+66%) today following news that Lara Mac Inc. is now the company's largest shareholder. Lara Mac will provide consulting and advisory services for Tiger Renewable Energy. Lara Mac Inc. is controlled by Mitchell Brown, who is also the CEO of Tiger Renewable Energy Ltd. The move gives Brown a much more vested interest in the stock's success.
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Tiger Renewable Energy Ltd. has entered and exited a handful of joint ventures in its recent history, such as the unwinding of the Wellington agreement in April. The company has determined that the best course of action going forward is to focus on its core business - gas and ethanol.
About Tiger Renewable Energy Ltd.Tiger Renewable Energy Ltd. (TGRW), a development stage Company, focuses on producing ethanol. It is constructing a plant in the People's Republic of China to produce ethanol. The company was formerly known as Tiger Ethanol International Inc. and changed its name to Tiger Renewable Energy Ltd. in February 2008. Tiger Renewable Energy Ltd. was founded in 2004 and is based in Chai Wan, Hong Kong.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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