RCAI & Topia Energy Production Ltd. to Partner on Biodiesel Production & Distribution Company
The corrected release reads:
RCAI & TOPIA ENERGY PRODUCTION LTD. TO PARTNER ON BIODIESEL PRODUCTION & DISTRIBUTION COMPANY
RCAI (OTCBB:RCAA) announced today the signing of a Letter of Intent between Topia Energy Production Ltd. and RCAI to create a new company called Topia Global Energy. This Joint Venture company, to be owned 50/50 by Topia Energy Production Ltd. and RCAI, will focus on the production and distribution of BioDiesel worldwide.
Topia Energy Production Ltd. is Canada's largest distributor and producer of BioDiesel, supplying municipalities, private and long-haul fleets, marine, rail, power generation and the aerospace industries. During 2004 Topia Energy Production Ltd. opened Canada's first BioDiesel terminal as well as two retail BioDiesel stations. Topia Energy Production Ltd. has recently opened a third retail station in Ottawa, ON Canada.
Topia Energy Production Ltd. is a participant in the Certified: BioDiesel Driven program, which ensures that Topia Energy Production Ltd.'s fuel consistently meets the standards and specifications that automobile and engine manufacturers set down for biodiesel fuel. Quality control is extremely important and third party-testing and quality control are critical elements in the production of Topia Energy Production Ltd.'s biodiesel.
Topia Energy Production Ltd. has adopted the same passion for quality that has helped bring biodiesel to the mainstream in Europe. Independent labs test Topia Energy Production Ltd. biodiesel fuel under the Certified: BioDiesel Driven program to meet the most exacting standards in the world.
By leveraging the relationships of both Topia Energy Production Ltd. and RCAI, Topia Global Energy plans to accomplish the following:
-- Open up and fully service the U.S. and Canadian biodiesel markets through the implementation of several high-quality, high-volume distributions terminals throughout North America and overseas.
-- Increase the availability of high-quality biodiesel using the latest plant technology and quality control standards to construct new production facilities in under-serviced markets in North America and in the future, overseas.
The biodiesel market in North America is in its infancy with demand exceeding supply capabilities. The market is fragmented and comprised primarily of a large number of small producers servicing local markets. The goal of the Topia Global Energy Joint Venture is to provide customers throughout North America with a reliable and easily accessible source of a guaranteed high-quality biodiesel product.
About RCAI
With headquarters in Lake Forest, Calif., RCAI develops, manufactures and markets a diversified range of environmentally friendly asphalt release agents (Alderox(R) ASA-12(R)), concrete form oils (Alderox(R) KR7(R)) and non-stick industrial vehicle and equipment coatings for the oil-sands harvesting and mining industries (Alderox(R) TSR(R)) based on proprietary, patented Alderox(R) formulation technology. RCAI is also the exclusive distributor of biodiesel to the commercial marine industry worldwide for Topia Energy Inc., Canada's largest producer and supplier of biodiesel. RCAI is represented in Canada by Canadian Release Agents Inc., in India by Suretech Marketing Pty. and in Ireland and Great Britain by ITA Asphalt Solutions Ltd.
Except for any historical information contained herein, this news release contains forward-looking statements regarding the company's future financial performance, the performance of new products and the company's ability to bring new products to market that involve risks and uncertainties. These risks may include timely development, acceptance and pricing of new products, the terms and conditions associated with licensees', the impact of competitive products and pricing, and general economic conditions as they affect the company's customers, as well as other risks detailed from time to time in the company's SEC reports.
For more information about RCAI and the company's comprehensive list of product offerings, please call the company directly at tel. 949-609-0590. Information can also be requested via e-mail to info@rca-inc.com or through RCAI's Web site at http://www.rca-inc.com. RCAI's head office is located at 23832 Rockfield Blvd., Suite 275, Lake Forest, CA 92630; telephone 949-609-0590; fax 949-609-0594.
NOTE: The RCAI logo, Alderox(R), ASA-12(R), KR7(R), DCR(R) and TSR(R) are registered trademarks of Reclamation Consulting & Applications Inc.