AFAI Signs Joint Venture Agreement With Jatro Greentech Inc.

FORT LAUDERDALE, Fla., Sept. 17, 2014 /PRNewswire/ -- Alternative Fuels Americas, Inc. (AFAI) announced today that it has signed an agreement to form a Special Purpose Vehicle in partnership with Jatro Greentech, Inc., a Toronto based Jatropha centric agro energy company. The SPV shall be called AFAI Jatro Green Ethiopia and will be a U.S. registered entity with AFAI as majority shareholder. The SPV shall pursue Jatropha planting and biofuels production projects in Africa, particularly Ethiopia.

"Although we have experienced great success with our legal marijuana subsidiary and expect to continue growing in that sector, we remain committed to the biofuels sector as well and continue to seek viable opportunities", states AFAI CEO Craig Frank. "We have been working to create joint projects in the biofuels sector to enable AFAI to leverage its seven years of plant trials and our innovative operation models. Our missing link has been a strong proprietary technology that specifically enhances our efforts. The highly imaginative, effective and efficient technology and methods developed by Jatro Greentech gives our efforts the distinctive value we have been seeking."

"The opportunities in Africa are enormous as select countries offer broad incentives and capital support for specific projects. Through existing professional relationships we believe we can secure the support needed to launch Jatropha projects in Africa", states Jatro Greentech's CEO Robert Tjandra. "Combining our technology and methods with AFAI's operational experiences provides an extraordinary knowledge base on the agricultural and operational fronts. Our proprietary technology and methods further serves to enhance the opportunity".

About Alternative Fuels Americas (AFAI)
AFAI (OTCQB: AFAI, www.afai-mjai.com) is a disruptive sectors company seeking to identify and enter early stage business opportunities that mark a significant change in the status quo from which to extract value for its shareholders. The company's alternative fuels division has pioneered the development of above ground oil fields in Central America and continues to innovate clean fuel - recently focusing on aviation fuel. The Company's subsidiary, Marijuana Holdings Americas, Inc, (MJAI) owns and operates the first legal marijuana dispensary to be operated by a U.S. publicly traded company – Kaya Shack™.

About Jatro Greentech Inc.
Jatro Greentech Inc. (www.jatrogreentech.com) is a Canadian sustainable integrated agro energy company. The Company provides solutions in the biofuels industry through its proprietary agro technology and develops sustainable renewable energy and bio-products for the rapidly growing low carbon industry.

For more information visit www.afai-mjai.com or contact  954-534-7895, [email protected]

Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE Alternative Fuels Americas, Inc.