BRIDGEPOINT ANNOUNCES INVESTMENT IN GREENTECH OIL COMPANY
February 24th, 2017
Toronto, Ontario – February 24, 2017-– Bridgepoint Group Ltd. (“Bridgepoint”) is pleased to announce that it has taken a minority equity interest in a greentech oil company, Universal Bio Gas Solutions Limited (“Universal BioGas”).
Bridgepoint has assisted in strategy and the development of the business plan to date, and has taken a minority investment. Bridgepoint’s CEO, Frank Carnevale, has taken on role of the Chief Executive Officer and Director of Universal BioGas, effective January 9, 2017.
Universal BioGas has secured exclusive rights to a proven thermo-catalytic conversion technology that converts non-recyclable feedstock into synthetic oil products. Universal is a privately held company. Universal BioGas is a leading provider and developer of greentech oil products.
“Universal BioGas is a great opportunity to develop cost effective synthetic oil products through sustainability lenses,” stated Frank Carnevale, President & CEO of Bridgepoint. “For Bridgepoint, this is another opportunity that demonstrates our ability to make deals happen.”
About Bridgepoint Group Ltd.
Established in 1998, Bridgepoint Group Ltd. is a boutique consulting, advisory and merchant banking firm that focuses on business development strategies and execution of sustainability, energy and infrastructure solutions.
President & CEO
Bridgepoint Group Ltd.