Sloud, Inc. acquires Arizona-based SouthWest BioFuels to expand into algae-based biofuels market; Sloud will change name to SouthWest Biofuels

Tracy McDonald

TUCSON, Arizona , November 29, 2011 (press release) – Sloud, Inc., (Pink Sheets: SLOU) announced today that the company has acquired SouthWest BioFuels, Inc., a Tucson Arizona based, development stage company focused on the research and development of algae based bio fuels and related biomass products. The SouthWest BioFuels team is currently working on a proprietary model for the rapid delivery of the high demand of algae through higher concentrations at their own algae farms. Most importantly, SouthWest BioFuels is providing biofuel units for people who wish to operate and own their own biofuel farm so that they can provide fuel for their own vehicles or equipment at a low cost with minimal time and maintenance commitment.

To better reflect the new direction of the company, Sloud will ultimately change its name to SouthWest BioFuels. In addition, the company has accepted the resignation of Gene Sokolov and appointed SouthWest BioFuels' CEO Rick Jimenez CEO of Sloud. The company initiated this change in direction based on market conditions as well as the developing opportunity in the clean energy market space.

Rick Jimenez, CEO of Sloud stated, "I am honored to accept the role of CEO for this exciting and innovative company. We have worked very hard to build SouthWest BioFuels into a viable business and taking this next logical step to become a publicly traded company is in line with our growth plans. We will work tirelessly to continue to build value for our shareholders and further develop our products so that we can reach large scale production in a reasonable amount of time."

About SouthWest BioFuels

The SouthWest BioFuels team is currently working on a proprietary model for the rapid delivery of the high demand of algae through higher concentrations at their own algae farms. Most importantly, SouthWest BioFuels is providing biofuel units for people who wish to operate and own their own biofuel farm so that they can provide fuel for their own vehicles or equipment at a low cost with minimal time and maintenance commitment.

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