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INDUSTRIAL BIOTECHNOLOGY CORPORATION (OTC: IBOT)
Detailed Quote: http://www.otcpicks.com/quotes/IBOT.php
Company Profile: http://www.otcpicks.com/industrial-biotech/industrial-biotech-2.htm
Industrial Biotechnology Corporation, (IBC) provides products, services and technologies using renewable resources as an alternative to petroleum and traditional manufacturing methods. IBC production processes are eco-efficient and apply and adhere to sustainable practices and standards. IBC accomplishes this with the ALCHEMx Production Platforms, which integrates technologies, sustainable manufacturing, and distribution with supply chain partners to meet customer needs and pricing requirements. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels.
IBOT News:
August 27 - Industrial Biotechnology Corporation Announces VP of Investor and Public Relations
Company Highlighted in BIOMASS Magazine
Industrial Biotechnology Corporation (OTC: IBOT | Quote | Chart | News | PowerRating) (IBC) announced the appointment of Craig McClure as VP of Investor and Public Relations. Mr. McClure has over 20 years in the investment services industry working as a licensed professional with companies such as Wachovia Securities, Aegon NV and LaSalle St. Securities.
"I am very pleased to join Industrial Biotechnology Corporation. Economic conditions, environmental concerns and the efficient use of the planet's food resources have placed sugar cane based ethanol at the forefront of efficient petroleum alternatives. Our current coverage in BIOMASS Magazine is indicative of the Industry interest we are receiving. Eco-efficient sugarcane ethanol used as both a petrochemical and fuel alternative makes the most sense economically and for the environment," said Craig McClure, IBC VP of Investor and Public Relations.
BIOMASS Magazine is produced by BBI Media, the world leader in biofuels/biomass industry publishing. They also publish Ethanol Producer Magazine and Biodiesel Magazine as well as offering an ever expanding line of online services. A copy of the article can be viewed here: BIOMASS Magazine September, 2008.
BIOFUEL ENERGY CORPORATION (NASDAQ: BIOF | Quote | Chart | News | PowerRating) "Up 22.69% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BIOF.php
BioFuel Energy Corp. engages in the production of ethanol in the United States. It has two ethanol plants that produce 115 million gallons per year, which are located in Wood River, Nebraska and Fairmont, Minnesota. The company was founded in 2006 and is headquartered in Denver, Colorado.
BIOF News:
August 29 - BioFuel Announces Amendment to Credit Agreement
BioFuel Energy Corp. (Nasdaq: BIOF | Quote | Chart | News | PowerRating) announced that its operating subsidiaries, which own and operate the Wood River and Fairmont ethanol plants, had amended their credit agreement. The amendment permits the subsidiaries' full access to their $20 million working capital facility and permits daily access to their revenue account, in each case solely for the purchase of corn, natural gas, chemicals, enzymes, denaturant and electricity. Previously, the subsidiaries had access to only $5 million of their working capital line and the ability to disburse their revenues only at the end of each month. As a result, the operating subsidiaries now appear to have sufficient liquidity to complete the commissioning of the ethanol plants. The Company's plants began commercial operations in June. They are expected to complete initial performance testing within the next two to three weeks.
The Company indicated that the amendment will not permit it to completely meet its obligations to Cargill incurred in delivering corn to the operating subsidiaries and as a result of the parent company's hedging over the past two months. As previously reported, the Company engaged in a series of hedging transactions with Cargill that resulted in significant losses. All such hedging transactions have now been closed out. At August 27, 2008, the Company had approximately $36 million of realized hedging losses. In addition, it held short term corn delivery obligations which incorporated a further $3 million of unrealized losses. Cargill has not yet been paid for approximately $22 million of these amounts. The parent company currently does not have sufficient liquidity to retire these obligations. The operating subsidiaries have received approximately $25 million of parent company corn inventory that it has not been reimbursed for. Under the bank agreement, as amended, such reimbursement cannot currently be made. The Company indicated that it intends to continue to review possible solutions with Cargill and its operating subsidiaries' lenders. However, there can be no assurances that these efforts will prove successful.
GULF UNITED ENERGY INCORPORATED (OTCBB: GLFE | Quote | Chart | News | PowerRating) "Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GLFE.php
Gulf United Energy, Inc., a development stage company, engages in developing and participating in upstream and downstream oil and gas projects. It has joint venture interests in a natural gas pipeline project, and a liquefied natural gas regasification and storage facility in Mexico. The company was founded in 2003. It was formerly known as Stonechurch, Inc. and changed its name to Gulf United Energy, Inc. in 2006. Gulf United Energy is based in Houston, Texas.
GLFE News:
August 29 - Gulf United Energy Pipeline Environmental Risk and Environmental Impact Permits Issued
Gulf United Energy (OTCBB: GLFE | Quote | Chart | News | PowerRating) reported that it has been advised that the Environmental Risk and Environmental Impact Permits have been issued for the previously announced natural gas pipeline project on the Yucatan Peninsula. Gulf United's interests are held by its 24 percent owned subsidiary Fermaca Gas de Cancun, S.A. de C.V., through its 50 percent interest in Energia YAAX, S.A. de C.V. The Pipeline project was contemplated in the Company's previously announced transaction with Cia. Mexicana de Gas Natural, S.A. de C.V. (MGN) establishing the joint venture companies for the Pipeline as well as the previously announced LNG Re-Gasification Facility Project. The granting of the Environmental Permits by the Environmental Authorities significantly strengthens the position of MGN and moves the company closer to constructing and operating this much needed gas distribution pipeline to the Yucatan Peninsula.
The Pipeline is currently proposed to be a 16 inch diameter, 234 km bi-directional line with a capacity to transport approximately 183 million cubic feet per day of gas either from the existing Mayacan pipeline, owned by Gaz de France, or from the proposed LNG re-gasification facility. Engineering is underway to increase the diameter of the line to accommodate up to 500 million cubic feet per day, should this be a requirement. Upon the completion of the Pipeline and the LNG re-gasification facility, gas may be transported to desired locations in the cities of Valladolid, Cancun, Nizuc, and Merida as well as being a net provider of gas back into the Mayacan pipeline.
MGN has advised Gulf United that the estimated cost to complete the Pipeline project is US$140 million and that the estimated cost to complete the LNG project is US$500 million. A significant portion of the financing has been secured, with additional funds expected to come from a combination of equity and project based debt financing.
Don Wilson, President of Gulf United comments, "We are very pleased that our joint venture companies with our Mexican partners have now been granted these very important Environmental Permits as this validates the extensive work and effort expended by MGN. The permits give us a clear advantage to bring these projects to the Yucatan Peninsula which is forecasted to be one of the fastest growing regions in Mexico. As the pipeline and LNG projects continue to develop, we expect the incremental value of our interest to increase, thus being accretive to our investment. We also continue to evaluate possible oil and gas exploration opportunities in the US and abroad in an effort to position the company in both active drilling programs and high-impact opportunities."
JAMBA INCORPORATED (NASDAQ: JMBA | Quote | Chart | News | PowerRating) "Up 22.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/JMBA.php
Jamba, Inc., through its subsidiary, Jamba Juice Company, owns and franchises Jamba Juice stores. The company operates as a retailer of blended-to-order fruit smoothies, squeezed-to-order juices, blended beverages, and snacks in the United States. As of January 1, 2008, it operated 707 stores comprising 501 company-owned stores and 206 franchisee-owned stores. The company was founded in 1990 and is headquartered in Emeryville, California.
JMBA News:
August 28 - Nestle USA and Jamba Announce Early Success with Ready-to-Drink Beverages
Jamba Ready-to-Drink Exceeds Expectations in Eight Western States
Nestle USA, part of Nestle, S.A., the world's largest food and beverage company, and Jamba Inc. (Nasdaq: JMBA), the leading blender of fruit and other naturally healthy ingredients, announced the early success of the Jamba ready-to-drink beverages in eight Western U.S. states. Since its launch in May, Jamba ready-to-drink beverages have captured a significant share of the premium juice segment, exceeding initial expectations.
Jamba Smoothies and Jamba Juicies are available in hundreds of locations, including major grocery retailers and convenience stores in California, Oregon, Utah, Nevada, Arizona, Idaho, Washington and Colorado. Retail accounts include Safeway, Albertsons, Ralph's, 7-Eleven, Raley's, and Walgreens, among others.
"We are thrilled at the success of the Jamba ready-to-drink beverages, which have surpassed our initial sales expectations," said Steve Presley, vice president, general manager premium ready-to-drink, Nestle Beverage Division.
Nestle is supporting the launch of Jamba RTD with significant product sampling, on-line activity, consumer outreach public relations and in-store promotions. In addition, television ads for Jamba RTD began airing in June in both San Francisco and Portland.
"The initial success of the ready-to-drink product demonstrates the power and strength of the Jamba brand outside the four walls of our retail stores, in California as well as less mature Jamba markets such as Portland," said Paul Coletta, chief marketing and brand officer at Jamba. "In just a few months, Jamba ready-to-drink has exceeded our expectations for initial sales. Based on this, we see tremendous opportunity for the product as we continue to execute upon our plan to make Jamba Juice available to our customers 24/7."
The 2008 Jamba ready-to-drink product line includes six SKUs: three Jamba Smoothies, named Strawberries Wild w/Energy Boost, Orange Dream Machine w/Immunity, Banana Berry w/Heart Healthy Boost; and, three Jamba Juicies named Orange Strawberry Banana w/Protein Boost, Mango Orange Peach w/Fiber Boost, Very Berry w/Calcium Boost.
ABOUT NESTLe USA
Named one of "America's Most Admired Food Companies" in Fortune magazine for the eleventh consecutive year, Nestle USA provides quality brands and products that bring flavor to life every day. From nutritious meals with LEAN CUISINE to baking traditions with NESTLe TOLL HOUSE , Nestle USA makes delicious, convenient, and nutritious food and beverage products that enrich the very experience of life itself. That's what "Nestle. Good Food, Good Life" is all about. Nestle USA, with 2007 sales of $8.25 billion, is part of Nestle S.A. in Vevey, Switzerland - the world's largest food company - with sales of $90 billion.
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