RNWF Renewal Fuels Inc (CE)

Renewal Fuels, Inc. (OTCBB:RNWF), a biofuels company supplying the nation's growing need for energy independence, today announced the engagement of John R. (J.R.) Hegstad to lead the Company�s Renewal Fuels subsidiary as General Manager. A veteran marketing executive, Mr. Hegstad will be instrumental in the Company�s aggressive commercialization strategy for its FuelMeister line of products. Prior to his position at Renewal Fuels, Mr. Hegstad was the Vice President of Marketing at Nextep Corporation, where he built a 14,000 retail location distribution system for several Brawny brand products. He also licensed with Black & Decker Corporation to develop a sales program and sales strategy to gain distribution through an extensive network of specialty hardware stores and national chains. �J.R. has demonstrated excellent strategic foresight and commercialization abilities,� said John King, Chief Executive Officer of Renewal Fuels. �We are looking forward to him making an immediate positive impact with FuelMeister. J.R. will be instrumental in the execution of aggressive growth strategies for our FuelMeister line of products.� Renewal Fuels recently acquired the FuelMeister product line, which empowers consumers with the ability to produce their own fuel from waste material. The FuelMeister can produce 80 gallons of biodiesel per day from waste vegetable oil collected from restaurant deep fat fryers at an average cost of $0.70-$0.85 per gallon. Mr. Hegstad also served as Director of Marketing at Ames TrueTemper Corporation, where he handled product development, marketing programs and advertising for one of the largest non-powered tool makers in the world. Prior to that position, he served as Director of Marketing and Account Management at Lebanon Seaboard, and as Sales and Business Manager at Warner Lambert. Mr. Hegstad will lead the Renewal Biodiesel team in the growth of the FuelMeister business, which has already sold more than 2,000 units over the past 2� years. The FuelMeister is a high-quality, convenient solution to reduce the burden of ever-increasing fuel prices. Renewal Fuels sees tremendous opportunities for organic growth of the Renewal Biodiesel business via improved marketing, as well as geographic diversification � both domestically and internationally. About Renewal Fuels Renewal Fuels is an emerging greentech company closing the loop between modern consumerism and America�s insatiable demand for energy. The Company is establishing its position in a rapidly growing segment of the renewable energy sector � production of biofuels from forms of feedstock which do not disrupt the food supply chain. A key component of Renewal Fuels� high-growth business model is the augmentation of core operations and assets through strategic partnerships and acquisitions in the expanding biofuels industry. The Company�s management team and Board of Directors believes that increasing political and social responsiveness, combined with exciting developments in biofuel technology, has created an unprecedented environment for organic growth as well as growth through acquisitions. The focused business model is designed to facilitate high profit margins and security of feedstock pricing. The management of Renewal Fuels is establishing relationships with multiple biofuel entities with projects, products, and technologies at various stages of development, fitting the Company�s corporate mission. To learn more visit www.tech-laboratories.com and www.renewalfuels.com. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/tech. To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/tech/quote.html.