Alliance BioEnergy, Inc. Exits Bankruptcy; Removes Q from Stock Symbol

WEST PALM BEACH, FL, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (PINK: ALLM).

Alliance BioEnergy Plus Inc. (“Alliance”) announces that all Effective Date payments due under the Chapter 11 Plan were made on September 19, 2019. The Plan being Effective, Alliance is now out of bankruptcy. 

FINRA has removed the Q at the end of our trading symbol so that trades can now be made under the stock symbol ALLM. The CUSIP of the common stock will remain unchanged. Shareholders do not need to exchange their shares for new shares.

We have updated the Company’s website, and all the press releases issued during bankruptcy when Alliance had a Q at the end of its symbol are accessible on the website at its news page here:

In addition, Alliance’ CEO, Ben Slager, has been interviewed by Spotlight TV and will air on the Fox Business Channel at 11PM PST on October 9, 2019. The full interview will soon be posted to our website on the Profile page here: .

Information in this document may constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward looking statements contained in this estimate, except as may be required by law. 

Contact:

Ben Slager, CEO

Anthony Santelli, COO

SOURCE: Alliance Bioenergy Plus, Inc.