Virtual Media Holdings, Inc. Begins Process to Secure Local Source of Bio-Fuel in Order to Power Co-Generation Power PlantsVirtual Media Holdings, Inc. (PINKSHEETS: VMHIF) is pleased to announce that the Company has begun to secure large quantities of bio-fuel to power its co-generation power plants. The Company plans to use trees destroyed by the Pine Beetle as its main source of bio-fuel. The Provincial Government of British Columbia has established that 4.4 million cubic meters of the biomass fuel is available per year for the next twenty years.
Pine Beetle wood is wood destroyed by the Pine Beetle that must be removed from forests to eliminate the dangers of forest fires and allow for there planting of trees that are not affected by the Pine Beetle. The Company will look to use 100% of the tree when chipping for fuel, reducing the risk that any of the trees will be left behind with beetles that could infect additional acres of forested land. The Company previously announced that applications are now underway for construction of the first plant in Abbotsford, BC with a completion and start up date expected to be late 2010.
"Our plans for our first plant are now in the application process as we look forward to securing plenty of bio-fuel for years to come. Securing this type of bio-fuel will aid our team in having the Abbotsford plant online by our projected date of 2010," stated Jim Carroll, CEO of VirtualMedia Holdings, Inc.