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Petrosonic Energy Inc.

News Releases

 July 15, 2013
Petrosonic Energy, Inc. Announces New Agreement

 CALGARY, AB, Jul 15, 2013 -- Petrosonic Energy, Inc. (OTCQB: PSON), an emerging leader in heavy oil upgrading and related technologies, announced today the execution of a new Memorandum Of Understanding Agreement with East West Partners LLC, a US energy company, for its Sonoprocess(TM) and related technologies.
Under the agreement, subject to completion of due diligence by both sides, the parties commit to sign a definitive Sales, Distribution and License Agreement for the territories of China, Kazakhstan and state of California, USA. The Sales, Distribution and License Agreement will be on non-exclusive basis. The specific commercial terms will be determined in the definitive Sales, Distribution and License agreement to be signed between the parties shortly.

"I am excited to sign this MOU with East West. This new Memorandum of Understanding Agreement is a demonstration of the concrete interest by industry of our technologies and an important step in our commercialization process and revenue generation for the company. China, Kazakhstan and California have significant production of heavy oil and I expect this to be the first of many contracts and agreements to come for Petrosonic in these territories and elsewhere," stated Art Agolli, the CEO of Petrosonic.

"We are actively in discussions with several other potential customers and are working diligently to close these deals as well. This is an exciting time for Petrosonic as we move forward on several fronts."

About Petrosonic Energy, Inc. Petrosonic Energy, Inc. is in business to deliver innovative technologies to the energy sector. The primary focus is to provide technologies, which upgrade heavy oil economically and in an environmentally friendly manner. The Company's patented Sonoprocess(TM) uses clean-tech sonic energy to de-asphalt heavy oil at much smaller scale and lower capital costs than conventional upgraders and without the use of water or release of emissions in the atmosphere.

Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
 
 

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Technology

Petrosonic's core technology is a proprietary industrial scale sonic reactor that transfers sonic energy on an industrial scale to physical, chemical or biological processes.

Operations

The Company is commercializing its patented sonic generator and related technologies through wholly-owned subsidiaries ventures.

Investors

Petrosonic website is updated frequently.
For additional information, contact investor relations or call us at (855) 626-3317 .

Media