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| Critical Point Resources, Inc. - Announces establishment of a wholly owned Consulting Subsidiary.SPOKANE, Washington -- Critical Point Resources, Inc. (Pink Sheets: CRPI) announces today that it has established a wholly owned strategic business consulting subsidiary. This wholly owned subsidiary company “Tiburon Consulting Group, Inc.”
By: Critical Point Resources, Inc. SPOKANE, Washington, March 25th, 2009 -- Critical Point Resources, Inc. (Pink Sheets: CRPI) (www.getcriticalpoint.com) Critical Point Resources, Inc. announces today that it has established a wholly owned strategic business consulting subsidiary. This wholly owned subsidiary company “Tiburon Consulting Group, Inc.” (www.tiburon- Initially the company will concentrate on the following industries; geological, mining, drilling, as well the group will evaluate projects within the following sectors, energy related projects both conventional and renewable biomass. The consulting group has been in ongoing discussions with, and compiled a global contact base of more than 500 companies and individuals that have expertise in many renewable energy disciplines such as engineering, construction, manufacturing, project management, project finance, GHG emissions, carbon credit trading, marketing, and many more areas of expertise. Biomass energy involves the conversion of organic feedstock, such as wood, peat, or in some cases municipal solid waste (MSW) into useful forms of energy such as heat, electricity or liquid fuels. Biomass energy provides an attractive alternative to fossil fuels as it’s readily available and when properly managed the resource is consistently renewable, and poses little adverse environmental impact. Although wood and other biomass fuels account for only 11% of energy used worldwide, it remains the primary source of energy for more than half the world’s population. Wood residue is a pervasive problem in many areas because it cannot be burned and it is no longer welcome in landfills. Wood waste occurs in a number of forms ranging from pulp mill and saw mill residue to trees, railroad ties, and construction demolition wood. Dry wood contains more than 8,000 Btu’s per pound; energy that cannot be used effectively in its present form, but can be converted into clean-burning motor fuels. Simply stated, wood residue can be converted into Ethanol, a high octane mixed alcohol of value to the world’s growing need for energy and a clean environment. Each ton of wood waste can be converted into more than 100 gallons of Ethanol. Wood waste is everywhere cluttering up our cities and communities and landfills typically refuse to accept it because of the risk of spontaneous combustion fires. Unlike other biomass, MSW must be collected regardless of whether it is used for energy production or not. Not only are some landfills running out of room, but they also pose the threat of significant environmental impact. America produces more garbage than any other nation, and disposing of it is an immense problem. The Environmental Protection Agency estimates that, on average, each individual produces 4.4 pounds of garbage a day. The cost of handling garbage is the fourth biggest item after education, police, and fire protection in many city budgets. However, where does each of our 4.4 pounds per day go? Some is recycled, some is incinerated; In waste-to-energy conversion, municipal solid waste (MSW), which is typically collected and disposed of in landfills at considerable cost, is converted to liquid or gaseous fuel. The environmental repercussions of using biomass as a source of fuel vary according to the type of conversion technology. The combustion of biomass produces significantly fewer nitrogen oxides and sulphur dioxide than the burning of fossil fuels. Liquid biomass fuels like ethanol and methanol produce less carbon monoxide, hydrocarbons and potentially carcinogenic compounds than gasoline and diesel. Unlike fossil fuel combustion, the use of biomass fuels in a well managed, sustainable production program will not contribute to carbon dioxide levels that cause global warming. In a 1997 study for Environment Canada, the Pembina Institute found that investment in energy efficiency and renewable energy produce substantially higher levels of employment than equivalent levels of investment in conventional energy supply. The report found that for every million dollars invested, averages of 36.3 jobs are created in the energy efficiency sector or 12.2 in the renewable energy sector. For every million dollars invested in conventional energy, averages of only 7.3 jobs are created. The report also found that moderate levels of government investment in energy efficiency and renewable energy could leverage significant private investment. On average, every million dollars of government spending was found to result in six million dollars of private sector spending. Critical Point Resources, Inc. -- The Company primarily engages in consulting, acquisition, exploration, and development of mining properties, as well the group evaluates projects within the renewable biomass and conventional energy sectors. The Company's Management and Consulting Team as well have a strong exploration background -- from discovery through to mine development -- mining and milling. The company as well holds a ten percent (10%) interest in an oil and gas well in Lee Country, Texas. Based upon production reports for the well and current oil and gas prices at the well head, management estimates that the Company has accrued yet to be realized on going income. FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release. For more information, Contact: Critical Point Resources, Inc. 1161 Southshore Road, Newport, Washington, 99156 Phone: 206.497.9661 Visit: www.getcriticalpoint.com E-Mail: info@getcriticalpoint.com # # # Critical Point Resources, Inc. -- The Company primarily engages in consulting, acquisition, exploration, and development of mining properties, as well the group evaluates projects within the renewable biomass and conventional energy sectors. End
Page Updated Last on: Mar 26, 2009
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