Sustainable Power Corp. and Farmers Sustainable Energy International Execute Definitive Joint Venture Agreement; Sustainable Power Corp. Receives Additional $100,000 Deposit
Submitted by Biofuels Digest
NATCHEZ, MS — (BIOFUELS DIGEST NEWSWIRE) – 02/06/08 — Sustainable Power Corp. (PINKSHEETS: SSTP) today announced it has signed a definitive Joint Venture agreement and it has received an additional $100,000 from Farmers Sustainable Energy International (FSEINT) located in Quincy, Illinois. The entities had previously executed a Memorandum of Understanding (”MOU”) announced on December 11, 2007 http://www.sstp.us/news-58.html. As previously disclosed, the MOU between SSTP and FSEINT was to form a joint venture for the purpose of the conversion of feedstock to a variety of Green-based products. SSTP had previously received the initial $200,000 deposit of the $2,000,000 that was required to implement the initial terms of the agreement.
