RNWB Renewable Corp New (CE)

The Renewable Corporation (OTC:RNWB) (www.TheRenewableCorp.com) today released a letter to shareholders from its Chief Executive Officer Gary R. Smith. A copy of the text is included below.

Dear Shareholder:

On March 1, 2012, Gary R. Smith was invited to become President, CEO and Board Member of The Renewable Corporation (TRC, trading symbol RNWB), and it is with great pleasure that the Company reports on the many exciting changes that have occurred these last several months. TRC has had recent acquisitions, product developments, and management changes that have radically reshaped The Renewable Corporation business plan.

The first of these major changes came in December of 2011, when The Board of Directors appointed Gerald C. Parker as the Company's new CEO, President, and Chairman of the Board, and Gary D. Alexander as CFO, Corporate Secretary and Treasurer and Director. In addition, the Company moved its corporate headquarters to 1313 South Killian Drive, Lake Park, Florida 33403.

Then, early in the first quarter of 2012, The Renewable Corporation executed an Asset Purchase Agreement with SMT Manufacturing of Palm Coast, FL and its patent owners. The Agreement was executed using common shares of The Renewable Corporation to acquire the assets. Anthony A. Gedeon, President of SMT, and Samuel J. Ferguson, Director of Research & Development, were retained as executive employees of EcoSmart Surface and Coating Technologies, the newly formed, wholly owned subsidiary that adds a distinct flair to the business plan.

As the company began to expand, Gerald Parker invited Smith and Manpreet Sing, TRC's current CFO, to be part of the team. Mr. Parker would remain Chairman of the Board and Smith became the new CEO and President. Mr. Singh became the CFO and Mr. Alexander remained the Corporate Secretary and Treasurer and Director.

Early in the second quarter, The Renewable Corporation added the following professionals to the team: Drake & Klein, SEC auditors; Team Pericchi Advertising, for branding and marketing; McHale Slavin, patent attorneys; and Koplas & Company, CPA, PA tax accountant. With this group of highly committed professionals, The Renewable Corporation management has assembled an exceptional leadership team to meet — and exceed — all the goals the Company has set forth.

Under the new management and business plan, the Company develops and supplies products, services, and technologies that use efficient, renewable resources to meet the growing demand for clean, green, and cost-effective methods that have a less hazardous impact on the environment. It is TRC's ongoing mission to offer the highest quality of products and services in the industry while maintaining profitability and customer retention levels of 90 percent or more.

The Renewable Corporation family of companies integrates sustainable manufacturing and distribution with cutting-edge research and proprietary technology to provide the most advanced line of products and services available. In addition to EcoSmart Surface and Coating Technologies, our wholly owned subsidiaries are Renewable BioScience Technologies, E3 "Cubed" Corporation, and Renewable Technology Holdings, Inc.

As it continues to expand, the Company invites shareholders to a special meeting on September 29, 2012, at 2 p.m., to learn about what TRC accomplished and what its future plans are. The leadership team has ambitious goals to expand the Company to the next level, and shareholders are an integral part of that growth. It is only with the ongoing support of TRC's valued shareholders that the Company can continue to explore exciting new technologies and applications.

If you plan to attend, please email IR@TheRenewCorp.com for a call-in conference code no later than September 25. The call will begin promptly at 2 p.m., so please phone in slightly early; the call will also be recorded, so if you cannot make it we will be happy to send you a copy of the recording.

At the end of the meeting, there will be a Question-and-Answer session. Please send any questions to IR@TheRenewCorp.com before or during the meeting and staff will be happy to answer them. If your questions are not addressed during the meeting, you will get a response an individual basis the following week.

The Renewable Corporation encourages you, as our current shareholder, to take this opportunity to invest in the Company's refocused, re-energized business plan. With a modest capital infusion, TRC can reach its expansion goals and charge ahead with new innovations.

Please see the new company website, www.TheRenewableCorp.com, for additional information on TRC's new, wholly owned subsidiaries. You will also find an informative video about EcoSmart Surface and Coating Technologies. 

Everyone at The Renewable Corporation is looking forward to your presence at the upcoming meeting and thanks you for your continued support.

Sincerely,

The Renewable Corporation 1313 South Killian Drive Lake Park, FL 33403

About The Renewable Corporation

The Renewable Corporation (TRC, trading symbol RNWB) was established in 2004, adopted its present name in 2008, and is based in Lake Park, Florida. It develops and supplies products, services, and technologies that use efficient, renewable resources. TRC knows there is significant interest in clean, green, and lean methods that offer superlative quality at a cost that is a reasonable alternative to traditional choices, and will have a less hazardous impact on the environment and human health.

The Renewable Corporation family of companies integrates sustainable manufacturing and distribution with cutting edge research and proprietary technology to provide the most advanced line of products and services available. TRC actively seeks out partner companies and individuals that are engaged in similar, forward leaning efforts. The company encourages creative synthesis and the inspired application of ideas in unexpected places. Discovering new solutions to existing and anticipated problems is the corporation's primary goal. The Renewable Corporation portfolio already contains multiple patents and patented products.

Continued support for national manufacturing and small business is also at the heart of The Renewable Corporation charter. TRC believes that innovative individuals and businesses will invigorate our economy and drive sustained growth into the future as the knowledge continues to evolve. We believe that our products, processes, and services will create many jobs, both at the individual and corporate level.

The Renewable Corporation management has assembled an exceptional leadership team to establish the company's position at the forefront of environmentally friendly business, and to guide its efforts. Their expertise includes new business development and financing, international sales and marketing, industrial renovation, molecular biochemistry, and bio-technology.

About EcoSmart Surface and Coating Technologies

EcoSmart Surface and Coating Technologies, a wholly owned subsidiary of The Renewable Corporation Inc., has developed an exciting new alternative in decorative floor surface coverings. Innovative and unique process (patents pending) achieve a highly desirable appearance that's extremely durable, also provides superior quality and performance, and offer a more environmentally friendly choice than conventional flooring options. Application also requires less energy consumption than conventional processes. Interior and exterior flooring, countertops and many other horizontal surfaces can all be enhanced using these new methods.

The company also manufactures and distributes a substantial portfolio of nano-technology coatings and related environmentally responsible products. Their established and expected uses cover a broad range of markets, including the marine and automotive industries, construction, and the medical field, and encompass industrial plants and individual consumers. Several of the products used are unique. They provide additional performance benefits traditional options cannot offer such as resistance to sunlight degradation, self cleaning, oxidation prevention and rapid return to use. Innovative, customized formulae and site specific solutions, as well as ease of application and considerable long term savings are also highly valued features.

About Renewable BioScience Technologies

Renewable BioScience Technologies, a wholly owned subsidiary of The Renewable Corporation Inc., has created multiple breakthroughs with remarkable properties. This exciting discovery provides a new level of defense against the deterioration and damage caused by ultraviolet (UV) light. That protective feature has great significance and value in many applications, and this patented intellectual property is expected to be implemented across numerous product lines.

Renewable BioScience Technologies has elected to introduce a skincare line that combines two novel technologies. There is a $3 billion market for anti-aging treatments, and the characteristics of this new product represent a stunning scientific advance that will have broad appeal. A micro layer of marine collagen fiber technology provides a framework for a patented nucleic acid that absorbs harmful UV light and provides hydration.

Legal Notice:

This press release may contain forward-looking statements, particularly as related to pro forma financial statements, earnings estimates and business expectations, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. These forward-looking statements are only made as of the date of the press release and Technology River Investments and the companies discussed do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

The Renewable Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14658

Corporate Contact Information: The Renewable Corporation, 1313 South Killian Drive, Lake Park, FL 33403; Gary D. Alexander, Corporate Secretary – Investor Relations; website www.TheRenewCorp.com; email: G.Alexander@TheRenewCorp.com; phone: (772) 380-4320 x1