CHGI, CRGE, ECOB Stock-PR Stock Report August 20, 2009

Source: http://stock-pr.com/?p=988
Posted on Thursday, August 20th, 2009 | In Market Commentary, Small & Micro Cap

Contributed by: stock-pr (http://stock-pr.com) -

China Carbon Graphite Group, Inc. (OTCBB:CHGI), one of China’s largest producers and wholesale suppliers of fine grain and high purity graphite, announced that it received the government’s approval to reduce the registered capital of its subsidiary from $4,000,000 to $100,000, which reduces the Company’s obligation to make a capital contribution to its subsidiary from $4,000,000 to $100,000. The Company intends to fund the $100,000 obligation within 10 days. Upon payment of the $100,000, all outstanding obligations between the Company’s subsidiaries will be satisfied.

Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation (OTCBB: CRGE), has executed a binding Memorandum of Agreement (MOA) with Growmore Bio-tech Limited (www.growmorebiotech.com) for the supplies of micro propagated (tissue culture) and nursery hardened planting materials of a specially developed type of Bamboo (Beema Bamboo) to meet the plantation requirements of Clenergen India to generate feedstock for its two upcoming biomass gasification power projects in India of 16MW/Hr in Tamilnadu and 64MW/Hr in Karnataka. Growmore’s biotechnology laboratory is capable of producing 100,000 micro propagated saplings per week from its existing inventory of Beema Bamboo mother stock.

EcoBlu Products, Inc. and N8 Concepts, Inc. (OTCBB: ECOB) announced today that the two companies have signed their Definitive Merger Agreement. N8 Concepts, Inc. will purchase 100% of the shares of EcoBlu Products. Under the terms of the agreement, N8 Concepts, Inc. will emerge as the surviving company. In preparation for the merger N8 Concepts has changed its name to EcoBlu Products, Inc. and the trading symbol to “ECOB.”

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