EMPIRE DIVERSIFIED ENERGY, INC. RECEIVES APPROVAL TO OPERATE SHORTLINE RAILROAD EMPIRE RIVER RAIL, LLC

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Empire Diversified Energy, Inc. (MPIR) announces the establishment of Empire River Rail at The Port of West Virginia, a significant milestone for the development of a full-service tri-modal facility. The shortline railroad aims to be a clean-energy rail system, enhancing connectivity and efficiency at the Port. The initiative aligns with the Department of Transportation's goal of decarbonizing ports.

FORT LAUDERDALE, Fla., Jan. 24, 2024 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTC Markets Pink, Ticker Symbol: MPIR) Empire Diversified Energy proudly announces the establishment of Empire River Rail at The Port of West Virginia. This strategic initiative marks a significant milestone for furthering the development of The Port of West Virginia as a full-service tri-modal facility.

Empire River Rail is moving forward as a shortline railroad at the Port and will strive to be a clean-energy rail system in West Virginia. The shortline railroad is a vital link at the Port by enhancing connectivity and the movement and storage of freight at the terminal. The focus on efficiency and sustainability allows for the deployment of carbon-reducing technologies in the rail industry.

Empire Diversified Energy's Chief Operating Officer Bernard Brown says, "The decarbonization of ports is a prime goal for the Department of Transportation, and the formation of a shortline railroad at The Port of West Virginia is a step in helping to meet that goal."

For more information about Empire River Rail and Empire Diversified Energy, please visit our website https://empirediversifiedenergy.com  Media inquiries can be directed to info@empirede.com.

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc (EDE) is a multifaceted holding company with business units in the sustainable energy and logistics sector. Empire Diversified Energy's primary location in Follansbee, WV where it operates the Port of West of Virginia along with its Eco-Industrial Complex. The facility is geographically located along the Ohio River where it serves the crossroads of the East Coast and Midwest through its trimodal facility. EDE is currently deploying a host of innovative proven technologies serving the pathway to clean energy generation. These business units will serve the transportation, waste, steel, warehousing, and other sectors in an effort to help decarbonize the region.  

Forward-looking Information

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 including the benefits of the project and the announcement of further details. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods.

Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire's control) and assumptions. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors, and other readers should consider these factors carefully in evaluating the forward-looking statements.

Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For further information, please contact Empire Diversified Energy, Inc.

Investor Relations: 954-332-2423 www.empirediversifiedenergy.com 

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SOURCE Empire Diversified Energy Inc.

FAQ

What is the Ticker Symbol for Empire Diversified Energy, Inc.?

The Ticker Symbol for Empire Diversified Energy, Inc. is MPIR.

What is the significance of Empire River Rail's establishment at The Port of West Virginia?

The establishment of Empire River Rail is a significant milestone for the development of The Port of West Virginia as a full-service tri-modal facility, enhancing connectivity and the movement and storage of freight at the terminal.

What is the goal of Empire River Rail at The Port of West Virginia?

The goal of Empire River Rail is to be a clean-energy rail system, striving to deploy carbon-reducing technologies in the rail industry.

Who is the Chief Operating Officer of Empire Diversified Energy?

The Chief Operating Officer of Empire Diversified Energy is Bernard Brown.