FutureWorld Energy, Inc.: FutureWorld (FWDG) Enters Into LOI to Acquire SeaTech Energy

Published in Stocks and Investing on Wednesday, May 13th 2009 at 8:01 GMT, Last Modified on 2009-11-02 11:54:29 by Market Wire
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ST. PETERSBURG, FL--(Marketwire - May 13, 2009) - FutureWorld Energy (PINKSHEETS: [ FWDG ]), a U.S. Diversified Energy Holding Company listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning markets in renewable and alternative energy technologies globally, announced today that the Company has entered into a Letter of Intent to Acquire SeaTech Energy. SeaTech Energy Inc. acquires, develops and distributes hydro-electric turbines for use of Tidal Energy to the global market place. SeaTech negotiates contracts with governments, municipalities and private owners to sell the energy and/or technologies.

"Upon successful due diligence of technologies that could change the face of renewable energy around world, we have come to the conclusion that no other renewable energy will be more consistent than power of world's oceans. Marine energy has some distinct advantages over its chief rival, wind power. Water is 850 times denser than air, allowing tidal turbines to produce about 40 times more power than windmills. Though tidal, wave and wind strengths all fluctuate; marine energy is far more predictable than wind. Tidal flows can be forecast years in advance. SeaTech's team has proven immense core competency in acquisition and development of the best technology to harness the ocean energy. Although there are only few major competitors and the technology is at its infancy, we believe that our participation within this industry will guarantee our leadership position, our vision of the future world energy and profitable investment on behalf of our investors," stated Mr. Sam Talari, Acting CEO of FutureWorld.

About FutureWorld Energy

FutureWorld Energy, Inc. (PINKSHEETS: [ FWDG ]), a Delaware corporation, is a U.S. Diversified Energy Holding Company, listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning markets in renewable 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 [ 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.

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