Expectations - 2008/07/31 05:09 pmJust thought I'd pass this on, personally I don't know what to make of any of this now...
NATCHEZ, MS--(MARKET WIRE)--Jul 31, 2008 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) is pleased to announce today that it has engaged Thomas Gorman of Porter Wright Morris & Arthur to respond to the recently filed SEC litigation matter against the Company and John Rivera, the Company's Chief Executive Officer. ADVERTISEMENT
Mr. Gorman and his firm are based in Washington, D.C. Mr. Gorman is the Chair of Porter Wright's Securities Litigation practice group, Co-chair of the ABA White Collar Crime Securities Section, former partner-in-charge of the firm's Washington, D.C. office (2000-2007), and a former member of the staff of Securities and Exchange Commission's Enforcement Division and Office of the General Counsel. He is a frequent speaker and author of articles regarding securities litigation topics and publishes a blog, which comments on trends and current events in SEC and DOJ securities enforcement investigations and actions, SECActions.com. In 2007, he was selected for inclusion in Super Lawyers in the area of securities litigation. Washington Business Journal previously recognized him as one of the five top lawyers in Washington, D.C.
Mr. Gorman stated, "I am pleased to be selected to defend this action brought by the Securities and Exchange Commission and believe that this action is without merit and has already been substantially damaging to the Company's shareholders. We intend to vigorously defend the Company and its principals against these baseless allegations."
"The retention of Thomas Gorman provides us with nationally recognized counsel who will work vigorously to defend our Company against this action. We have no intention of settling with the SEC in this matter as we believe their allegations are pointless. Tom will assist us in winning this battle and helping us move forward with the best interests of our shareholders," stated John Rivera.I don't want to own the world...just the part that pays off.
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speculater
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SSTP To Acquire 1,000 Acres In Guatemala - 2008/08/18 11:34 amSSTP To Acquire 1,000 Acres In Guatemala
Sustainable Power Corp. to Acquire 1,000 Acres for 1 Gigawatt Power Plant in Guatemala Monday August 18, 10:30 am ET
BAYTOWN, TX--(MARKET WIRE)--Aug 18, 2008 -- Sustainable Power Corp. (Other OTC:USSE.PK - News) is pleased to announce that it has reached an agreement to acquire through SSTP Central America S.A., its Central American affiliate, a total of 1,000 acres of property to be used for the construction of a plant for production of Sustainable Power Corp.'s products and installation of a 1 Gigawatt power plant in Guatemala. The agreement includes a requirement that the partner clear a total of 112 acres immediately, which has already commenced. The agreement also includes a manufacturing building near Guatemala City which would be used for testing and initial production. The acquisition will be finalized upon completion of appropriate documentation with the property contributed valued at approximately $4,000,000.
John Rivera, Chairman and CEO of Sustainable Power Corp. stated, "This acquisition continues our intention of expanding our business throughout Central America and in other parts of the world. This plant, when completed, will permit us to begin producing green power at very competitive pricing with our friends in Central America."
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jovval
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Re:SSTP To Acquire 1,000 Acres In Guatemala - 2008/08/19 10:17 am
And this DOES What to the PRICE of Our Stock ??????
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speculater
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New Moderated Board - 2008/08/28 12:47 amYou guys are not really aware because this is the only peaceful USSE board. All the other boards have just been swamped with ignorant, hateful, bitter bashers. InvestorsVillage was getting ridiculous.
I was on the phone with JR today. The rumor was Pemco was in Baytown today. JR told me to tell everybody that Pemco was indeed in town. Pemco was in Baytown to learn how to build similar plants in Europe.
Also, L.Sole is indeed still with us, they have been providing the Financing.
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speculater
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SSTP Names New CEO - 2008/09/03 01:41 pmPress Release Source: Sustainable Power Corp.
Update: Sustainable Power Corp. Appoints M. Richard Cutler, Esq. as President and Chief Executive Officer Wednesday September 3, 10:14 am ET
BAYTOWN, TX--(MARKET WIRE)--Sep 3, 2008 -- Sustainable Power Corp. (Other OTCSTP.PK - News) is pleased to announce today that M. Richard Cutler, Esq. has been appointed as President and Chief Executive Officer for the Company. After careful consideration by the company's Board of Directors, Mr. Cutler, a graduate of Columbia University Law School, was selected for his impressive resume in working with and assisting emerging growth companies. John H. Rivera has been appointed as Chairman of the Board of Directors and Chief Visionary Officer, and has stepped down as President and Chief Executive Officer.
John Rivera stated, "We are making this change to push the Company forward with professional public company management permitting us to continue our amazing growth. I will always remain directly involved with the vision and operations of the Company as we take it forward worldwide. This change permits me the freedom to work to grow the Company's multinational operations and focus on our developing operations."
M. Richard Cutler, Esq. reported, "I am taking this step personally as I believe Sustainable Power has the potential to change the world with the Company's green power technology, providing energy where none existed before at costs which will dynamically improve the quality of life for all concerned. I have spent significant time with the Company reviewing the technology and the Company's operations. I am firmly convinced that John Rivera's vision and technology is revolutionary and viable as projected. While we have challenges remaining, I firmly believe that this company will be a major contributor to our economy for years to come."
About M. Richard Cutler, Esq.
M. Richard Cutler is the principal and founder of Cutler Law Group which he formed in 1996. Cutler Law Group is Sustainable Power Corp.'s corporate and securities law firm. Mr. Cutler has practiced in the general corporate and securities area since his graduation from law school, representing dozens of public companies. Mr. Cutler is a graduate of Brigham Young University (B.A., magna cum laude, 1981); and Columbia University School of Law (J.D. 1984). While at Columbia, Mr. Cutler was honored as a Harlan Fiske Stone Scholar, was Managing Editor of the Columbia Journal of Law and Social Problems, received a Recognition of Achievement with Honors in Foreign and International Law, Parker School of Foreign and Comparative Law, was twice published in the Columbia Journal of Law & Social Problems and was once published in the Texas International Law Journal. Mr. Cutler is a member of the State Bar of Texas and the State Bar of California. After law school, Mr. Cutler joined the national law firm of Jones, Day, Reavis & Pogue where he practiced in the corporate, securities and mergers and acquisitions departments. Mr. Cutler subsequently spent five years in the corporate and securities department of Akin, Gump, Strauss, Hauer & Feld, a Dallas law firm. After moving to the west coast, Mr. Cutler was with the Los Angeles office of Kaye, Scholer, Fierman, Hayes & Handler, a New York-based law firm, where he continued his general business and securities practice. In 1991, Mr. Cutler founded the law firm of Horwitz, Cutler & Beam, where he practiced corporate and securities law for five years before forming his present business, which he moved to Augusta, Georgia in 2002. Mr. Cutler has been admitted to the U.S. Federal District Courts, Central and Northern Districts of California, as well as the U.S. Court of Appeals, Ninth Circuit.
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SSTP Letter To John McCain - 2008/09/24 02:12 pmAn Open Letter From Sustainable Power Corp. to John McCain Wednesday September 24, 9:02 am ET
BAYTOWN, TX--(MARKET WIRE)--Sep 24, 2008 -- Sustainable Power Corp. (Other OTCSTP.PK - News) advised that it has forwarded the following correspondence to Senator John McCain:
September 23, 2008
VIA FACSIMILE AND OVERNIGHT MAIL
Senator John McCain 241 Russell Senate Office Bldg Washington, DC 20510 Facsimile No.: (202) 228-2862
Re: Sustainable Power Corp. Reducing Dependence on Foreign Oil
Dear Senator McCain:
I am the President and Chief Executive Officer of Sustainable Power Corp., a company located in Baytown, Texas, intricately involved in the manufacture and sale of biofuel products meeting or exceeding petroleum standards, as well as electricity.
As a company, we support your stated platform goal of substantial reduction of American dependence on foreign oil and energy, as well as increased production from United States resources. I firmly believe we have the solution to these issues within the United States.
Would bringing $2.00-a-gallon fuel to your constituents be a positive step? Would reducing dependence on foreign oil to a trickle bring overall increased national productivity and improved GNP? How about producing clean-burning, environmentally friendly fuels which reduce emissions, improve so-called global warming and are 100% "green"? What if these also reduced municipal waste in the process?
Biofuels are a tremendous alternative to fossil fuels. The well-known problem historically has been that biofuels, in particular ethanol, have been too expensive to efficiently produce (estimated as much as $2.10 per gallon), and in many cases have negatively impacted the food supply because of the use of food products diverted to production of fuel. This has been stated to drive up food costs by as much as 75% in some instances.
The focus of Sustainable Power Corp. during its research and development phase was the production of biofuel which is (i) cost efficient beyond anything previously achieved with ethanol or other biofuels and (ii) not reliant on food crops or other viable bio materials for fuel. I am pleased to report that Sustainable Power Corp. has achieved these objectives and much more.
Vertroleum(TM) is Sustainable Power's biofuel product, which is created by chemical hydrolysis with a modified pyrolysis and the use of nanobacteria. Vertroleum(TM) contains the same hydrocarbons as petroleum crude oil. When used in the same distillation process used by petroleum companies, Vertroleum(TM) can be further refined to produce biogasoline (BG-100), a substitute for gasoline E85 in flexible fuel vehicles, biokerosene (jet fuel), a diesel blend stock, naptha (an octane enhancer), heating oil, refined diesel, tars and plastics. The Company's biocrude oil can be refined into 69 other renewable fuels or chemical materials as well.
What do we use for feedstock? I am pleased to report that in recent testing the Company has been able to use Municipal Standard Solid Waste efficiently to produce biocrude which has characteristics which exceed petroleum crude oil. This quite literally becomes the holy grail of energy production. Utilizing just 25 pounds of municipal waste, we produced as much as 19.2 pounds of biocrude oils and with an approximate BTU value of 18,000 BTU. We have historically also utilized otherwise useless biological materials such as soybean waste (not a food stock), and other green waste products such as palm and jatropha. Our process results in the production of approximately 200 gallons of fuel oil from 1 ton of crop waste, whereas typical biofuel production has resulted in closer to 70 to 80 gallons of fuel oil from feedstocks.
We are currently building out our first factory which should soon be fully operational. We are already producing Vertroleum(TM). When completed, this facility would initially be capable of producing 24,000 gallons of fuel oil a day (based on just four "reactors" in the facility). When this factory (or others) reaches full capacity (400 reactors), it will be able to produce 3 million gallons per day of fuel oil. What's our cost? While I have to advise it is proprietary, I can assure you that we could easily see less than $2.00 per US Gallon pricing for gasoline and probably more like $1.00.
Obviously this production ability will be increased, and frankly based on profitability from our operations will be self-funding. We are already in a joint venture for completion of an additional full factory serving the Oregon, Idaho and Washington state areas. We also have several joint ventures in place with funding for production of fuels in several other countries. We anticipate subsequent to these joint ventures that all future facilities would be Company owned and operated, as we simply would not have any need for partners.
I believe that obviously this is technology which can change our country. I personally joined Sustainable Power from a very successful corporate law practice because I believe this technology can provide energy and increased productivity for our children and grandchildren. The founder of the Company has similar beliefs, and is devoted to changing our world.
We would love to share this opportunity with you and your platform. I invite you and/or your staff to visit our facility in Baytown to view a demonstration of this capability. Together let's make America energy independent, productive, and green, as well as stop the approximately $257 billion per month outflow of cash from the US economy.
If you have any questions, please do not hesitate to contact me at (706) 737-6600.
Sincerely, SUSTAINABLE POWER CORP. /s/ M. Richard Cutler M. Richard Cutler, Esq., President
STP.PK - News) is pleased to announce today that M. Richard Cutler, Esq. has been appointed as President and Chief Executive Officer for the Company. After careful consideration by the company's Board of Directors, Mr. Cutler, a graduate of Columbia University Law School, was selected for his impressive resume in working with and assisting emerging growth companies. John H. Rivera has been appointed as Chairman of the Board of Directors and Chief Visionary Officer, and has stepped down as President and Chief Executive Officer.
