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FutureWorld Energy, Inc.: FutureWorld (FWDG) Completes the Acquisition of SeaTech Energy

^{Published on 2009-06-30 05:46:29, Last Modified on 2009-06-30 05:47:18 - Market Wire}
 

ST. PETERSBURG, FL--(Marketwire - June 30, 2009) - FutureWorld Energy (PINKSHEETS: [ FWDG ]), a U.S. Diversified Energy Holding Company listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning markets in renewable and alternative energy technologies globally, announced today that the Company has completed the acquisition of SeaTech Energy for $15,000,000 in Preferred stocks of FutureWorld Energy. These Preferred stocks would not be eligible for conversion to Common until SeaTech Energy reaches certain revenue milestones, or is acquired by another company or through an IPO. Through this acquisition methodology, we are considering all factors, such as shareholder value and dilution effects.

"Upon successful due diligence of technologies that could change the face of renewable energy around world, we have come to the conclusion that no other renewable energy will be more consistent than the power of the world's oceans. Marine energy has some distinct advantages over its chief rival, wind power. Water is 850 times denser than air, allowing tidal turbines to produce about 40 times more power than windmills. We believe that our participation within this industry will guarantee our leadership position, our vision of the future world energy and profitable investment on behalf of our investors. This is our first acquisition of many to come," stated Mr. Sam Talari, Acting CEO of FutureWorld.

About FutureWorld Energy

FutureWorld Energy, Inc. (PINKSHEETS: [ FWDG ]), a Delaware corporation, is a U.S. Diversified Energy Holding Company, listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning markets in renewable and alternative energy technologies globally. FutureWorld Energy, together with its subsidiaries, focused on the identification, acquisition, development, and commercialization of renewable and alternative energy technologies globally. Through established relationships with universities, research centers and government agencies, we strive to identify technologies on the leading edge of innovation that would contribute immensely to the global energy needs while protecting the future for our children and theirs. To request further information about FutureWorld, please email us at [ investors@futureworldenergyinc.com ] or log onto our website at [ http://www.futureworldenergyinc.com ]

About SeaTech Energy

SeaTech Energy Inc. acquires, develops and distributes hydro-electric turbines for use of Tidal Energy to the global market place. SeaTech negotiates contracts with governments, municipalities and private owners to sell the energy and/or technologies. To request further information about SeaTech Energy, log onto their website at [ http://www.seatechenergy.com ].

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.