Select Bank PLC (Frankfurt Stock Exchange ticker: S45, UK Company No. 06006188) is pleased to announce that the company's has entered into an agreement with Ethanol India. Ethanol India is a Biofuels Consultancy Organization located in Kolhapur, India and wishes to commercialise technologies to produce ethanol from alternative feedstocks. Ethanol India seeks access to commercialisation capital to fund their proprietary ethanol production technology either by direct investment, partnership arrangements or a public securities offering. Select Bank can assist in all areas of the project and looks forward to developing a successful funding strategy for Ethanol India.
About Select Bank PLC Select Bank PLC is a UK company with a primary focus on developing and commercializing sustainable and renewable energy projects. Select Bank seeks synergistic relationships with partners that balance financial returns with socially responsible principles. It is the company's objective to promote clean, ethical and sustainable energy projects that meets the current energy requirements without sacrificing a clean environment for future generations.
Disclaimer This release may contain certain 'forward-looking statements' with respect to certain of Select Bank PLC's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Select Bank PLC's control including among other things, UK domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Select bank PLC operates. As a result, Select bank PLC's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Select Bank PLC's forward-looking statements. Select bank PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.
For further information please contact: Select Bank PLC Investor Relations Department + 44 (0) 207 659 6236
30.07.2009 Financial News transmitted by DGAP