Blue Diamond Ventures Submits Preliminary Wind Farm Designs to Public Service Company of Colorado

HOUSTON, TX--(Marketwire - 09/03/09) - Blue Diamond Ventures, Inc. (Pinksheets:BLDV - News) -- Blue Diamond Ventures, through its affiliate Blue Diamond Ventures Renewables, LLC, and its joint venture partner Freedom Works, LLC, recently gave to the Public Service Company of Colorado preliminary designs to study the feasibility and facility impact of a 198 megawatt wind farm plus 68 miles of transmission line in southern Colorado. The Public Service Company of Colorado is also studying PSS/e model of the selected wind turbine generators. Discussions with Vestas (our selected turbine manufacturer) and the Public Service Company of Colorado regarding our proposed generator model conclude this week. This final disposition of the modeling will move our interconnection request towards a conclusion of the combined feasibility and site impact study requirements.Blue Diamond Ventures/ FreedomWorks, LLC JV is currently first in the queue position at the San Luis Valley Substation. Plans are to construct the wind farm and transmission project near La Veta Pass, Colorado. The new transmission line will intertie at the existing substation in San Luis Valley.About Blue Diamond Ventures, Inc.:Blue Diamond Ventures, Inc. is an agricultural company, and through its affiliate, Blue Diamond Ventures Biofuels, LLC, conducts business as a biofuels company with operations in the U.S. and future endeavors in the Caribbean and Ethiopia. This press release contains forward-looking statements involving risks and uncertainties, incl...
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Blue Diamond Ventures Moves Toward Wind Turbine Agreement, Following Highly Favorable Wind Study Results

HOUSTON, TX--(Marketwire - 09/02/09) - Blue Diamond Ventures, Inc. (Pinksheets:BLDV - News) -- Following highly favorable wind study results in Huerfano County, Colorado, Blue Diamond Ventures, through its affiliate Blue Diamond Ventures Renewables, LLC, and its joint venture partner Freedom Works, LLC, have moved toward a wind turbine supply agreement and final designs to construct a 198 megawatt wind project plus 68 miles of transmission line. On-site met tower wind data for the joint venture's Huerfano Project will be completed on September 8, 2009. The data for the project is available at: http://www.engr.colostate.edu/ALP/ALP_62_Sheep_Mountain.htm.The new study is the culmination of five years of wind data studies throughout Huerfano County and proves the existence of resource at the Colorado Wind Generation Resource Area #8 as described by the Governor's Energy Office. The project's transmission line has been identified by Colorado Governor Bill Ritter as the number one transmission priority in the State of Colorado."Despite the current economic environment, we have worked extremely hard to meet our goals and increase shareholder value," said Blue Diamond CEO John Quincey Moaning.Last year, the company established a goal to implement its renewable generation portfolio ...
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Blue Diamond Ventures, Inc. Implements Business Strategy by Expanding on Alternative Energy Projects in the U.S. and Africa

HOUSTON, TX--(MARKET WIRE)--Feb 17, 2009 -- Blue Diamond Ventures, Inc. (Other OTC:BLDV.PK - News) recently announced it has implemented its business strategy by expanding on the alternative energy projects it is currently undertaking in the United States and Africa. One of the Company's main goals for 2009 is to increase its land agreements to 10 million acres in Africa. Through these land agreements, Blue Diamond Ventures will establish feed stock agreements within the United States and other countries.Blue Diamond Ventures has other business ventures in Africa, including the planting of non-food crops, building its own waste-to-energy facilities and constructing biodiesel facilities. The Company has secured the rights to develop several hundred thousand hectares of land in Africa and Central America, for the control and diversification of non-food crops, which Blue Diamond Ventures plans to begin the development of this year.The Company also is currently working to complete the acquisition of a biodiesel facility and port in the Gulf Coast. Once ownership is finalized, Blue Diamond Ventures, through its subsidiary Blue Diamond Ventures Biofuels, LLC, will work towards expanding its operating capacity from 12 million gallons per year (GPY) to 24 million GPY -- with little or no downtime -- so the facility can immediately begin generating revenue.The Company, in 2009, will also strive to implement its renewable generation portfolio -- the foundation of which is the development of basic infrastructure to facilitate ti...
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Blue Diamond Ventures, Inc. Poised for Growth in 2009

HOUSTON, TX--(MARKET WIRE)--Feb 11, 2009 -- Blue Diamond Ventures, Inc. (Other OTC:BLDV.PK - News) -- After completing key partnerships and investments in the alternative energy sectors during the past year, Blue Diamond Ventures, Inc., is poised for growth in 2009, the company recently announced. In 2008, Blue Diamond Ventures, through its affiliate Blue Diamond Ventures Biofuels, LLC, was able to obtain exclusive rights to acquire majority interest in a biodiesel production facility on the Gulf Coast.Blue Diamond Ventures has also signed agreements with the Ethiopian Ministry of Mines and Energy to utilize a minimum of 50,000 acres to grow industrial hemp, rapeseed and jatropha plants. In addition, Blue Diamond Ventures has formed partnerships with other African nations, which will allow for the control and diversification of feed stock produced from non-food crops. Blue Diamond Ventures, through its affiliate Blue Diamond Ventures Renewables, LLC, also formed partnerships during 2008 to develop wind energy projects throughout the United States, and in 2009, it is negotiating to develop waste-to-energy projects in the United States and Africa."We are excited about the achievements the company made over the past year," said John Quincey Moaning, CEO of Blue Diamond Ventures, Inc. "We expect to generate revenues as well as build on the partnerships and investments we have made."About Blue Diamond Ventures, Inc.:Blue Diamond Ventures, Inc. is an agricultural company, and through its affiliate, Blue Diamond Ventures ...
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