|By Marketwired .||
|September 2, 2014 04:42 AM EDT||
MISSISSAUGA, ONTARIO -- (Marketwired) -- 09/02/14 -- Analytica Bio-Energy, Inc. (OTCQB: ABEC) and ("Analytica" or the "Company"), the fully owned Taiwan subsidiary of Analytica Bio-Energy Corp. USA, is pleased to announce that the Theme Park Project for The Buddhist Temple Associations, has cleared the majority of the sanctions put forward by the China's Anti-Corruption Department. This process, which is nearly completed, caused delays in commencement of the project, as previously reported by the Company in its news release of June 19, 2014.
"We anticipate that the overall approval will be received and in place within the next forty to sixty days," stated Kevin Wu, CEO. "Therefore, I have authorized the drafting department to present the initial drawings for approval."
The Legal representative of The Buddhist Temple Associations, Mr. Xu Guangrun, requested that all engineered structural drawings be presented by mid to late September, which will allow ample time for any changes or corrections to be made. Analytica now anticipates that the revenue to cover the engineering designs as stated in prior news releases of USD 1,000,000 per month should commence in September through late October 2014. Additional engineered structural drawings will be presented as required once the first set have been cleared. It is anticipated that the overall project will generate a minimum revenue of USD 1,000,000 each month over a span of thirty six months.
About Analytica Bio-Energy, Inc.
Analytica Bio-Energy, Inc. is the fully owned Taiwan subsidiary of Analytica Bio-Energy Corp. USA. The Company is a rapidly growing, diversified engineering, architectural and construction enterprise that is prepared to execute the planning, design, development and construction of large scale projects for the public and private sectors. Analytica's proprietary wastewater treatment systems employ the leading water treatment technologies which reduce the energy and eliminate the need for hazardous chemicals normally required to purify wastewater. The Company obtains sales and consulting contracts for the design, development, construction, installation, operation and maintenance of its systems for large-scale projects worldwide.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
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