CORONA, Calif., May 20, 2011 (GLOBE NEWSWIRE) -- Two major California supermarkets have entered into agreements with BookMerge Technology (OTCQB:BRKM) subsidiary, Extreme Biodiesel, to produce biodiesel fuel from its stores own waste vegetable oil which will be used to run the supermarkets tractor trailers and refrigerator diesel generators.
The company announced the preliminary agreement Thursday, May 19, 2011, though the names of the supermarket chains were not released.
BRKM CEO, Rick Carter, said, "The large chain supermarkets are starting to understand the benefits of using biodiesel."
Earlier this month, BookMerge Technology announced its wholly owned subsidiary, Extreme Biodiesel, is experiencing a significant increase in demand for its biodiesel fuel, though exact figures were not released. Earlier this year, the Company moved to its new 11,400 square foot manufacturing facility with an annual production capacity of 700,000 gallons. The plant, which is located in Corona, California is capable of expanding to 6 million gallons as demand increases. Extreme Biodiesel is one of only three biodiesel plants licensed in California where state government is pushing for a shift to biodiesel consumption. As a result, some businesses are beginning to make the shift to bio fuel, making Extreme Biofuel's facility a landmark resource poised for growth.
The latest 10 Q Report noted that revenue increased 9-fold in the quarter ending March 31, 2011 to $171,121 from $18,201 in the year-ago period. Yet the May 19, 2011 supermarket news release supports continuing growth in sales, though BRKM has not released forecasts for the coming period.
Carter noted that factors effecting demand for biodiesel fuel in California stretched from "costs at the pump, supply levels and increased government emission reduction requirements and a re-emerging economy for additional goods."
Extreme Biodiesel markets its biodiesel fuel at 15 cents per gallon below diesel fuel rates in California, which are only adding to its growing customer demand.
For further information, please contact:
BookMerge Technology, Inc.
CEO, Rick Carter
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