Alliance BioEnergy Plus Inc. of West Palm Beach, Florida, specializing in green energy and renewable technologies, recently entered a contract with two entities in order to satisfy and retire an existing convertible debt.
With a combined investment of over $1.5 million exchanged for stock and warrants, Alliance inked an agreement with the United States Regional Economic Development Authority (USREDA) and Florida-based Carbolosic Energy 1 LLLP.
Additionally, the firm sold its subsidiary, Carbolosic Plant 1 LLC, to Carbolosic Energy 1 in the transaction. Alliance BioEnergy Plus and its subsidiaries research and develop projects in the areas of renewable energy, biofuel and innovative technology. The company plans to reveal additional information as it begins the process of commercializing the CTS technology.
Carbolosic holds the license to a patented mechanical/chemical technology developed by the University of Central Florida. CTS Cellulose Ethanol technology produces a high quality, clean-burning ethanol from virtually any plant material at lower costs, greater speed and without typically associated hazards.
USREDA handles investment-based immigration, relying on its team of attorneys and business and immigration specialists to fashion conscientious global wealth building for its clients. The organization places a high value on personalized attention to individual customer needs, working with each to tailor optimal financial and immigration goals.
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