Stratos Renewables Corp. Announces the Appointment of Tom Snyder as Chief Executive Officer

  
    
  
  
    
      Stratos Renewables Corporation (OTCBB:SRNW), an emerging company 
      developing a South American sugarcane ethanol operation, today announced 
      that company President, Tom Snyder, has been appointed Chief Executive 
      Officer. Making the announcement, Stratos Chairman of the Board, Steve 
      Magami, stated, “We’re 
      very fortunate to have such depth in our management team at Stratos and 
      to be able to pull from within our ranks to appoint such an experienced 
      executive as our new Chief Executive. Tom’s 
      vast experience executing large industrial projects across the globe 
      lends well to continue Stratos’ growth and we 
      look forward to his stewardship.”
    
    
      Mr. Snyder, who has served the company as President since Q2 of this 
      year, has a career overseeing the execution of more than 40 complex 
      industrial projects in more than 20 countries. He has served as CEO of 
      multiple companies and has overseen the construction of 
      fertilizer/ammonia/oil and gas/petro-chemical facilities throughout the 
      world. He has raised more than $2 billion of equity and project finance 
      debt and has successfully formed and managed joint ventures with 
      governments, banks, insurance companies, OPIC and global investment 
      groups.
    
    
      Acknowledging his appointment, Snyder commented, “It 
      is with great excitement that I accept this appointment as Chief 
      Executive Officer of Stratos. This is a company founded on the belief 
      that sugarcane ethanol is today’s most viable 
      solution to the growing international oil shortage and the need for 
      cleaner burning replacements for gasoline. We will continue the 
      substantial efforts of Stratos’ founders and 
      look forward to continuing to execute our large scale Greenfield project 
      in Peru.”
    
    
      Carlos Antonio Salas, the company’s 
      co-founder and outgoing Chief Executive Officer, will become the Company’s 
      Business Development Officer, focused on pursing expansion opportunities 
      on the ground. Stratos’ Vice Chairman, Steve 
      Norris, co-founder of The Carlyle Group, stated, “We 
      are at an exciting inflection point in our evolution. My long history of 
      working with Tom Snyder allows me to say that he is the perfect 
      executive to lead our company through the next phase of growth.”
    
    
      About Stratos Renewables
    
    
      Stratos Renewables is committed to becoming a leader in Latin America's 
      rapidly emerging sugarcane ethanol industry, a growing segment of the 
      larger renewable fuel industry. The company believes Peru's economic 
      growth and expansion, illustrated by recent exponential growth in 
      foreign direct investment, and GDP growth over the last five years, adds 
      to Peru's promise as an attractive geographical location for the 
      cultivation, processing, distribution and use of alternative fuels. In 
      addition, rating agency DBRS has recently assigned investment-grade 
      credit ratings to Peru's long-term foreign and local currency debt. For 
      more information about Stratos Renewables, please visit: www.stratosrenewablesenergy.com.
    
    
      About Ethanol
    
    
      Ethanol is a clean burning, high octane biofuel produced from grain, 
      which is a renewable source, and can be grown year after year. In its 
      most basic sense, ethanol is a grain alcohol produced from sources such 
      as corn and sugar. Pure 100% ethanol is normally not used as a 
      replacement for gasoline, but the integration of up to 20% ethanol into 
      a gasoline supply can cut down on not only the amount of oil consumed, 
      but also on the emissions generated by the burning of that fuel. Ethanol 
      significantly reduces harmful exhaust emissions, which contribute to 
      global warming. The United Nations expects all biofuels to account for a 
      full 25% of world energy needs by 2025.
    
    
      Notice Regarding Forward-Looking Statements
    
    
      This news release contains “forward-looking 
      statements,” as that term is defined in 
      Section 27A of the United States Securities Act of 1933, as amended, and 
      Section 21E of the United States Securities Exchange Act of 1934, as 
      amended. Statements in this press release which are not purely 
      historical are forward-looking statements and include any statements 
      regarding beliefs, plans, expectations or intentions regarding the 
      future. Since the forward-looking statements relate to future 
      developments, results or events, these statements are highly speculative 
      and involve risks, uncertainties and assumptions that are difficult to 
      assess. You should not construe any of these statements as a definitive 
      or invariable expression of what will actually occur or result. Actual 
      results could differ from those projected in any forward-looking 
      statements due to numerous factors. These forward-looking statements are 
      made as of the date of this news release and the Company and Stratos 
      assume no obligation to update the forward-looking statements, or to 
      update the reasons why actual results could differ from those projected 
      in the forward-looking statements. Although the Company believes that 
      the beliefs, plans, expectations and intentions contained in this press 
      release are reasonable, there can be no assurance those beliefs, plans, 
      expectations, or intentions will prove to be accurate. Investors should 
      consider all of the information set forth herein and should also refer 
      to the risk factors disclosed in the Company's periodic reports filed 
      from time to time with the Securities and Exchange Commission and 
      available at www.sec.gov.