HydroGenetics, Inc. Announces Binding Letter of Intent to Acquire Leading Northeastern Biodiesel Producer

Emerging green energy holding company HydroGenetics, Inc. announced today the execution of a Binding Letter of Intent to acquire Buffalo Biodiesel, Inc.. Headquartered in Northern New York, Buffalo Biodiesel, Inc. is a leading producer, collector and renderer of yellow grease and its ultimate fuel property, biodiesel. Under the terms of the LOI, Buffalo Biodiesel, Inc. will become a wholly owned subsidiary of HydroGenetics, Inc. “This agreement signals yet another segment of the green energy world HydroGenetics, Inc. will contend in,” says CEO Marc Walther. “Our emerging technologies, combined with the revenues generated by our new subsidiary provides us with the necessary cash flow to grow our biodiesel business short term while we are executing our long term financing strategy and the development and commercialization of green technologies in our pipeline.”

Buffalo Biodiesel, Inc. is a unique biodiesel manufacturer because it does not rely solely on the collection of raw materials by 3rd party collection firms. Rather, Buffalo Biodiesel, Inc. collects, renders and processes biodiesel itself, creating a more profitable and controlled alternative energy business and a customer base that continues to expand.” Shareholders in HydroGenetics, Inc. should be thrilled with today’s announcement, as it signals maturity as well as a broader role for our company in today’s green energy world,” says CEO Walther.