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Legendary Invest PLC (LEG)

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Tuesday 04 March, 2014

Legendary Invest PLC

Investee Company Update

RNS Number : 5036B
Legendary Investments PLC
04 March 2014
 

4 March 2014

Legendary Investments Plc
("Legendary" or the "Company")

Investee Company Update - Bosques Energeticos EBE S.A. de C.V. ("Bosques")
Joins Steering Committee of Project "Jetropha"

Legendary announces that its investee company, Bosques has been invited to and has joined the Steering Committee of Project Jetropha on the basis of the strength of the Bosques' cutting edge development work and its strains of bio-diesel crops.

Project Jetropha, established by Alternative Fuels America, Inc. ("AFAI"), is an industry organisation devoted to advocacy, support and collaboration by and for small and mid-sized Jatropha producers and Jatropha based biodiesel producers seeking to contribute to the growing movement to blend traditional aircraft petroleum with Jatropha biodiesel for cleaner aviation fuel.

There is a strong demand for cleaner aviation fuel and Jatropha based fuel has been demonstrated to be easily refined into aviation grade fuel and perform well in aircraft engines. These results have led to greater interest on the part of the major airlines and large fuel companies. Biofuel is an everyday part of operation for several major airlines.

Much of the in-trenches research and innovation that has led to Jatropha based fuels being used in aviation has been led and conducted by smaller Jatropha focused companies.

Craig Frank, Chief Executive Officer of AFAI, said "We are delighted that Bosques has joined Project Jetropha as a steering committee member. It's in the field research based approach is second to none and is producing advanced Jatropha varieties with low time to yield and high yield characteristics. The varieties are also edible, further enhancing their economics. We look forward to working with Bosques on Project Jetropha".

Zafar Karim, Executive Chairman of Legendary, said "We are pleased that the advances made by Bosques have been recognised and it has been invited to join Project Jetropha as a steering committee member."

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For further information, please contact:

Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Jen Clarke

020 7383 5100

Beaufort Securities Limited

 

Guy Wheatley

020 7382 8300

SI Capital                

 

Nick Emerson/ Andrew Thacker

01483 413500

Newgate Threadneedle

Caroline Evans-Jones

020 7653 9850

 

About Alternative Fuels America, Inc.

 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. The Company seeks to identify and enter early stage business opportunities that mark a significant change in the status quo from which to extract value.

For more information, visit:

www.alternativefuelsamericas.com 

and

www.jetropha.com 

About Legendary Investments Plc

Legendary Investments Plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

For more information, visit www.leginvest.com 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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