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Sustainable Power Corp. to Acquire 1,000 Acres for 1 Gigawatt Power Plant in Guatemala BAYTOWN, TX--(MARKET WIRE)--Aug 18, 2008 -- Sustainable Power Corp. (Other OTC:USSE.PK - News) is
pleased to announce that it has reached an agreement to
acquire through
SSTP Central America S.A., its Central American affiliate,
a total of 1,000
acres of property to be used for the construction of a plant
for production
of Sustainable Power Corp.'s products and installation of
a 1 Gigawatt
power plant in Guatemala. The agreement includes a requirement
that the
partner clear a total of 112 acres immediately, which has
already
commenced. The agreement also includes a manufacturing building
near
Guatemala City which would be used for testing and initial
production.
The acquisition will be finalized upon completion of appropriate
documentation with the property contributed valued at approximately
$4,000,000. John Rivera, Chairman and CEO of Sustainable Power Corp. stated, "This acquisition continues our intention of expanding our business throughout Central America and in other parts of the world. This plant, when completed, will permit us to begin producing green power at very competitive pricing with our friends in Central America." About Sustainable Power Corp. Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.sstp.us Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. Contact: Investor Contact:
Fusion Consulting Group, LLC.
Phone: (702) 434-8692
http://www.fusionconsultinggroup.net
Source: U.S. Sustainable Energy Corp.
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