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Converted Fuels Corp. - converting microalgae into energy INNOVATIVE... SUSTAINABLE... PROFITABLE... Proprietary Bio-reactor technology to grow and convert microalgae to energy and food supplements or biofuel Patent pending technology Superior solution to technology currently available Ongoing R&D program to develop other new technologies Very large available market Technology applicable for: biodiesel, ethanol, hydrogen, oxygen and food supplements production at low cost structure Global strategic partnership  Delivers superior performance using CO 2 and light as energy sources Investment Needed Converted Fuels Corp. Converted Fuels Corp. has developed a unique Bio-reactor design for continuous 24/7 farming of algae to produce Algae-Oil, Oxygen and Biomass. Algae-Oil and biomass can be processed into bio-diesel, ethanol, hydrogen and food supplements. Using this technology, coal fired power plants can connect or redirect their CO 2 emissions to the bio-reactor, thereby eliminating CO 2 releases into the environment. The Opportunity The environmental technology field is one of the fastest growing industry sectors worldwide. The global market for environmental technologies currently is projected to grow from $400 billion today to $600 billion by the year 2010. Current Status. Converted Fuels Corp. has designed patent pending technology that is the most efficient approach to resolve known algae cultivation and CO 2 mitigation problems. The Company’s midsize bio-reactor design can process 12 tonnes of algae and mitigate 24 tonnes of CO 2 per day. Converted Fuels Corp. is ready to build and demonstrate a facility that will validate the production of a small scale Bio-reactor, delivering a “real world” proof of continuous production and system efficiency. Future Growth Each of the Company’s 12-tonne bio-reactors is expected to generate around $10 million per year in revenue. This revenue profile will enable Converted Fuels to achieve operating profitability in its second year of operation, and to grow revenues quickly by deploying additional reactors. The Company aims to have 10-12 bio-reactors deployed by 2013, generating more than $100 million in revenue. In addition to delivering returns to shareholders, this revenue stream will also support and ongoing R&D program to enhance Converted Fuels’ core technology and develop other new and profitable environmental technologies. Investment Needed Converted Fuels is seeking $20 million of capital, to fund (i) construction and operation of a demonstration facility, (ii) final design of its mid-size bio-reactor design, (iii) establishment of commercial reactor production, (iv) launch of business development programs and (v) related operating costs. Nanovest Corporation      366 Adelaide St. East. Suite 331 Toronto, ON M5A 3X9            416-642-7712