Blue Sun Biodiesel performs mergers

April 6, 2007

Blue Sun Biodiesel LLC recently merged with two companies in separate agreements. Ares Corporation and Blue Sun formed a joint venture, Ares Blue Sun Development LLC, which will be a collaboration of engineering and process technology with the goal of building biodiesel production facilities. Through its operating company SunFuels Inc., Blue Sun also announced an agreement to merge with M-Wave Inc. in the second quarter of 2007. Upon closing, M-Wave will change its name to Blue Sun Holdings Inc. and will remain a publicly traded company.

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