St. Petersburg, FL, Jan. 6, 2014 (GLOBE NEWSWIRE) -- FutureWorld Energy (OTCQB:FWDG), a U.S. Diversified Energy
Holding Company formed to capitalize on the burgeoning markets in
natural and alternative energy technologies globally, announced
today that the Company has entered into a Letter of Intent to
Acquire Torchlight Energy Inc.. Torchlight Energy's assets consists
of 2.8 Million Tons of proven Coal reserves valued at $168M (at
today's price of $60 per ton). We expect to close this acquisition
shortly. Environmental consideration in managing these assets will
be our outmost obligation.
Company's rational in investing in a natural resource such as
coal, could best be summarized as the following;
Global Demand
Since 2009, China has been the driving force in global coal
markets. Coal imports in that country exploded during the past five
years, jumping to a peak of 35 million metric tons per month in
December 2012. That's a 1,500 percent increase from 2008 levels.
Changes in technology and some ground-moving shifts in global
consumption patterns could spell better days ahead for the coal
industry in general. Also, more than 20 percent of India's 98
coal-fired power plants are running at critical levels of coal
inventory, meaning less than seven days' worth of supply. Globally,
the coal shortage has a real potential to cripple India's power
sector, a fear that has prompted the country to import coal at a
high and accelerating rate. With a ground breaking technology such
as Clean-Coal, coal will reclaim its status as the other "Black
Gold".
Economics
Coal prices peaked at $140 per metric ton back in 2008 when
Chinese import demand began to surge. But today thermal coal has
fallen back to half that level, currently trading around $60 per
metric ton on average globally. And with an average mining cost of
$42 per metric ton, we believe the fundamentals are in place to
profit from the surging coal prices globally based on exceeding
demand from China and India alone.
Government Loan-Guarantee
The Department Of Energy has finalized $8 Billion in
loan-guarantee solicitation for "advanced" fossil-fuel projects
that "avoid, reduce or sequester" carbon emissions. EPA has pinned
the success of its rules cutting carbon emissions from the nation's
coal-fired power plants on technology that captures carbon,
nicknamed "clean-coal" technology. FutureWorld Energy will be
applying for this loan guarantee in 2014 in a joint venture with
our technology partners.
This will be our first of many acquisitions. We are working on
others in next few months. More information will be provided to our
investors through our social media channels below;
https://www.facebook.com/futureworldenergy
https://twitter.com/futureworldinc
About FutureWorld Energy
FutureWorld Energy, Inc. (OTCQB:FWDG) a Delaware corporation, is
a U.S. Diversified Energy Holding Company formed to capitalize on
the burgeoning markets in natural and alternative energy
technologies globally. FutureWorld Energy, together with its
subsidiaries, focused on the identification, acquisition,
development, and commercialization of renewable and alternative
energy technologies globally. Through established relationships
with universities, research centers and government agencies, we
strive to identify technologies on the leading edge of innovation
that would contribute immensely to the global energy needs while
protecting the future for our children and theirs. To request
further information about FutureWorld, please email us at
mailto:investors@futureworldenergyinc.com or log onto our website
at http://www.futureworldenergyinc.com.
Safe Harbor
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated
actions.
CONTACT: Contact:
FutureWorldIR
Investor Relations
(239) 324-0000
