ST. PETERSBURG, FL--(Marketwire - April 9, 2009) - Isys Medical Inc. (
"We believe that significant opportunities are available to the company within the alternative energy sectors, especially with a majority focus on the green technologies by newly elected government officials," stated Chairman Sam Talari. "We believe our new name better reflects our new corporate strategy and direction. FutureWorld is seeking to develop or acquire minority or full interest in currently operating companies and disruptive technologies in the Renewable and Alternative Energy Industry globally, such as BioFuel, Solar, Wind, Tidal, and Power Cells. Our goal is to provide our acquired companies, current and future shareholders a clear strategy for the growth of their companies and their investment in those companies. Currently we are in process of two possible acquisitions in the coming weeks."
The Company is also in the process of disposing our current non-core medical devices unit (Diabetes Detection Inc.) to prospective buyers in the private or public arena. Dividend of cash or stock will be distributed to all shareholders of record.
About our market
The last few years have been record years for the renewable energy industry in the United States. The development and sale of power from wind, solar, geothermal, biomass and other renewable sources in 2007 infused $20 billion into the U.S. economy and created tens of thousands of jobs. Renewable energy in the United States is growing at breakneck speed. Industry analysts say the rapid development of renewable energy has been driven by state policies that require renewables in the overall energy mix and by Federal and State tax credits that have contributed in lowering the production cost of renewable energy enterprises.
According to United Nations Department of Economic and Social Affairs, renewable energy -- including biomass, geothermal, hydropower, solar, wind, tidal, and wave -- offers tremendous benefits for meeting global energy needs. Building on a foundation of hydropower, biomass combustion, and geothermal power pioneered during the industrial revolution in the late 1800s, new forms of renewable energy began to be developed and commercialized, including solar, wind, and several forms of advanced bioenergy.
According to the new United Nations Environment Program Report, in 2007, the government's support for renewable energy is growing rapidly as well. At least 48 countries now have some type of renewable energy promotion policy, including 14 developing countries. Most targets are for shares of electricity production, typically 5 percent to 30 percent, by 2010-2012. The same report finds that investors raised over $148 billion, a 60 percent increase over 2006 for renewable and alternative energy projects. Moreover, despite market downturns from the credit crisis, investments into clean energy have continued to remain strong during the first half of 2008.
About FutureWorld Energy
FutureWorld Energy, Inc. (
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