President Obama To Sign Farm Bill Today Legalizing Hemp Cultivation - San Diego, California News Station - KFMB Channel 8 - cbs8.com

President Obama To Sign Farm Bill Today Legalizing Hemp Cultivation

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February 7, 2014 Corona, CA - Extreme Biodiesel, Inc. (PINK:XTRM) announced today through its wholly owned subsidiary that President Obama will sign the $956 billion farm bill on as he travels to Michigan State University to extol the benefits of a thriving agricultural sector for the nation’s overall economy.

White House officials said the president would also take the opportunity to highlight growth in the farming economy during the last five years, and to note how agriculture has contributed to the economic recovery.

The White House released a report on Friday from Mr. Obama’s Council of Economic Advisers that says farm income has risen significantly since the president took office in the depths of the recession.

“The past five years represents one of the strongest periods in our nation’s farm economy,” the report notes. “Not only does American agriculture put food on the table of American families at affordable prices and provide raw material for a range of vital purposes, it also supports one out of every 12 jobs in the economy. The hard work done on the farm is felt throughout our economy, particularly when agriculture is thriving.”

Recently Extreme Biodiesel Inc. Announced that the Company wholly owned subsidiary XTRM Cannabis Ventures has just completed assembly of its first Mobile Hemp To Biodiesel Production Unit.

A problem for the biofuel industry has always been locating cost-effective products for conversion into biodiesel. Until recently Hemp was simply too expensive to consider for biodiesel, but with the passage of the farm bill hemp costs are expected to decrease. Given that Hemp seed has a better cloud point and cetane value plus similar oil content to other seeds such as Canola, Hemp will quickly become a viable and better alternative.

Company President Joe Spadafore stated “Today is a very exciting day for us. Extreme has many projects in the pipeline to go after the growth in the cannabis sector. On behalf of XTRM Investors we would like to congratulate President Obama on today’s signing”

Other Relevant Links

Legalization of Hemp

http://www.marketwatch.com/story/victory-for-hemp-farmers-as-us-house-of-representatives-legalizes-the-cultivation-of-hemp-2014-02-03?reflink=MW_news_stmp

About Extreme Biodiesel and XTRM Cannabis Ventures

Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create “green” jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors

XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.

XTRM Cannabis Ventures Disclaimer

The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website being developed at http://xtrmcannabisventures.com/

Investor Relations Contact

info@extremebiodiesel.com

Disclaimer

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Source: http://www.accesswire.com/viewarticle.aspx?id=411682

ReleaseID: 32914

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