"Update on Global Clean Energy, Inc."
The company continues to move ahead with a PGM Acquisition, planning, to close before the end of this quarter. Global Clean Energy, Inc. is excited about developments with its tire to fuels projects. It has successfully completed testing of all the off-takes and has been able to procure long term off-take contracts. All the essential elements are complete including feedstock supply contracts as well as building lease terms. The purchase orders with all technology providers are presently being finalized. The company plans to commence construction of the facility in Q4 2015 with a commissioning date planned for Q3 2016. Upon completion of the 2014 audit, the company will update and rework its' Form 10 for the next step in attaining fully reporting status. It is the hope of the company that filing will be completed in the next 45 days.
Jul 06, 2015
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Humble, TX -
HOUSTON, TX, July 6 2015; Global Clean Energy, Inc. (OTC PINK: GCEI) has re-filed its 2014 annual statement at the request of OTC Markets, further the company filed both Q1 and Q2 2015 financials to meet the compliance reporting requirements of OTC Markets.
The company now has completed audited statements for the years 2009-2013 inclusive and is working on the 2014 audit all in compliance with US GAAP. The company also engaged a Canadian audit firm, whom have completed 2012 and 2013 audits to meet the requirements of Autorités des Marche Financiers (Quebec), which audits are being completed in accordance with IFRS accounting standards. Once the 2014 US GAAP audit is complete we will again have that year audited in compliance with IFRS Standards. Upon completion the company will file 3 years of audited statements and 2 quarters of 2015 on SEDAR to be in compliance with all Canadian regulatory requirements. GCE believes that will allow the CTO be lifted in Canada.
Upon completion of the 2014 audit, the company will update and rework its Form 10 for the next step in attaining fully reporting status. It is the hope of the company that filing will be completed in the next 45 days.
The company continues to move ahead with a PGM Acquisition, planning, to close before the end of this quarter.
Global Clean Energy, Inc. is excited about developments with its tire to fuels projects. It has successfully completed testing of all the off-takes and has been able to procure long term off-take contracts. All the essential elements are complete including feedstock supply contracts as well as building lease terms. The purchase orders with all technology providers are presently being finalized. The company plans to commence construction of the facility in Q4 2015 with a commissioning date planned for Q3 2016.
Brian Levine has resigned from the company to pursue other interests. Steven Mann will assume additional responsibilities for the company.
Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting Global Clean Energy, Inc. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
GLOBAL CLEAN ENERGY, INC.
Investor Relations
713-852-7474
www.globalcleanenergy.net
Copyright © 2015 OTC Markets. All Rights Reserved
http://www.otcmarkets.com/stock/GCEI/news/Update-on-Global-Clean-Energy--Inc-?id=108983&b=y
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