PetroAlgae completes reverse-merger, stock heads for OTC bulletin board

In Florida, PetroAlgae completed a reverse-merger when its parent company, PetroTech Holdings, was acquired by Dover Glen, a public company with shares trading on the OTC bulletin board. The company’s name has been changed to PetroAlgae and the stock symbol, DVGL, will be ultimately be revised.

PetroAlgae is commercializing new technologies designed to grow and harvest oil from algae. This process creates a sustainable, renewable, cost-effective substitute for petroleum oil and a reliable, environmentally-friendly feedstock source for biodiesel and many other products. The Melbourne, Florida-based company offers a path to sustainable, renewable and carbon-neutral energy independence with processes that are environmentally-friendly.

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