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ATCO, N.J., Dec. 10, 2012 (GLOBE NEWSWIRE) --
US Fuel Corporation, traded as
USFF, announced today that
Empyrean West has been selected as the exclusive "foreign investment for visa" administrators for its Coal-to-Liquid Fuel projects; both
The conversion of coal to diesel is a two-step process. The first step is converting the coal to gas, the second step is converting the gas to diesel.
A photo accompanying this release is available at
Empyrean is the Gold standard for
EB-5, green card for investment program. Their proprietary integrated systems will allow Kentucky officials to real-time monitor investments and job creation while validating project status and completion.
Paul Adams, Chief Operating Officer of
US Fuel, a member of the California bar, researched EB-5. He commented on the selection of Empyrean, saying that the ability to deliver a green card for qualifying investment is far more complicated than just any attorney filling out a form. Although there are many approved EB-5 regional centers,
Global Private Funding (Global) reports that most regional centers operate on the 80/20 rule where they expect success 80% of the time. This model has caused foreign investors to be displaced and deported after establishing themselves and their families here in the U.S.; with children in school and most often the purchase of a house. "Empyrean West operates differently from other regional centers I investigated; it validates projects before seeking the investment, which is better for both the project and the investors," said Adams.
Empyrean West conducted considerable analysis of the US Fuel business plan and financials to validate that the jobs will be created. "The failure to perform this upfront due diligence is an injustice to the investor and gives the EB-5 program a bad name. We are confident of the US Fuel jobs," said
Jay Carter, Chief Operating Officer of
Carter emphasized that the U.S. needs the investment to create new jobs while we build a quality pool of new residents and citizens who add to the economy rather than stress the U.S. social support programs.