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SOURCE Alternative Fuels Americas, Inc.
HOLLYWOOD, Fla., Oct. 17, 2013 /PRNewswire/ -- Alternative Fuels Americas, Inc. (AFAI), an advanced biofuels company, announced today that it is launching Project Jetropha, a campaign to encourage and promote the use of Jatropha based biofuels in aircraft. The project website, www.jetropha.com will be launched in the coming weeks.
"The aviation industry has been under pressure to lower its disproportionately high contribution to carbon emissions", commented CEO Craig Frank. "With fuels costs comprising up to 50% of total costs, industry leaders such as Richard Branson, United Airlines, KLM, Lufthansa, Jet Blue, AeroMexico and others have embraced biofuels as part of an affordable solution. Project Jetropha – through Jetropha.com will provide a platform for discussions, a forum for the exchange of information, and a voice to the Jatropha sector. The time has come for us to assume a leadership role. Project Jetropha will provide great benefit to the industry as well as significant opportunities for AFAI, and rightfully establish AFAI as a leading force in the biofuels sector".
In a related matter, AFAI confirmed that it has been awarded DTC eligibility.
AFAI (OTC-QB: AFAI) is an alternative energy company pioneering a "seed to pump" vertically integrated biodiesel process and the development of above ground oil fields in Central America as part of its staged entry into a global market forecasted to exceed $500 billion by 2019.
For more information, visit http://www.alternativefuelsamericas.com
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact: Investor Relations
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