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Better Biodiesel, Inc., Acquires Domestic Energy Partners

Better Biodiesel, Inc., Acquires Domestic Energy Partners

Published 10-16-06

Submitted by Better Biodiesel, Inc.

SALT LAKE CITY--(BUSINESS WIRE)--Oct. 16, 2006-- Better Biodiesel, Inc. (OTCBB: BBDS)(the "Company" or "Better Biodiesel") announced today that, on September 29, 2006, it successfully completed a share exchange with Domestic Energy Partners, LLC ("DEP"), a company that produces biodiesel fuel and develops biodiesel production technology (the "Acquisition"). Pursuant to the closing of the Acquisition, the Company issued an aggregate of 28,500,000 shares of its common stock for all of the issued and outstanding equity and voting interests of DEP and DEP became a wholly-owned subsidiary of the Company.

Additionally, upon completion of the acquisition, new officers and directors were appointed to the Company, including Ron Crafts as Chairman and Chief Executive Officer, John Crawford as President and Chief Technology Officer and as a director, Peter Kristensen as Vice President of Corporate Development and as a director, F. Briton McConkie as Vice President of Business Development and as a director, David M. Otto as a director and Lynn Dean Crawford as Chief Operations Officer.

Ron Crafts, Better Biodiesel Chairman and Chief Executive Officer, stated, "Better Biodiesel is bringing to market its proprietary biodiesel production technology that we believe will emerge as a favorable technology in the alternative fuels marketplace," adding that "High production costs currently limit the biodiesel industry. Our technology, however, enables the production of biodiesel technology at reduced costs as compared with customarily used biodiesel production technologies.

"Our estimates indicate that Better Biodiesel's production process can achieve up to a 40 percent reduction in the combined costs of manufacturing biodiesel production facilities and in the production of biodiesel fuel relative to conventional processes, before taking into account potential tax credits and byproduct sales." Crafts elaborates, "Better Biodiesel's initial, three million gallon per year production facility has a total footprint of less than 160 square feet as compared with the three acres required for a conventional biodiesel production facility of the same production capacity." Better Biodiesel believes that it can take advantage of these efficiencies to expand in the biodiesel marketplace and increase its annual production capacity up to ten-fold by next spring, potentially reaching a production capacity of 100 million gallons by year end 2007.

"Becoming a public company is a significant milestone for the company," Crafts concluded. "We are confident that the higher visibility and access to public capital markets will expand our opportunities and accelerate the execution of our long term growth strategy."

About Better Biodiesel

Addressing a large and rapidly growing global marketplace, Better Biodiesel is an emerging-growth biodiesel production company that produces commercial quality biodiesel fuel for sale to distributors and petroleum refiners (www.betterbiodiesel.com).

Better Biodiesel develops and owns proprietary technology that significantly reduces the costs of biodiesel production while speeding up the production timeline; increasing the volume of fuel that can be made within a given time period and reducing the amount of land needed for the production facilities. Its refining facility currently has an annual production capacity of up to three million gallons; the Company plans to increase its U.S. production capacity to approximately 100 million gallons by year end 2007.

Better Biodiesel's research indicates that it is the only manufacturer in the United States with this biodiesel production technology. This provides the Company with production advantages as to efficiency, volume and continuous production flow in the automated processing of biodiesel fuel. The Company has filed a provisional patent application for the technology, Serial No. 60/736,674, with the United States Patent and Trademark Office.

Estimated Per Gallon Production Cost Projections for 1st Year Biodiesel Production
ITEMGALLON
Feedstock Oils (50% virgin, 50% used oils$1.75
Methanol.10
Electricity.02
Technician Labor.03
Cost per Gallon$1.90

Initial production at our Utah facility began in May of 2006. Better Biodiesel, based on its evaluation of its production facilities, projects that it will have 39 million (or more) gallons of production capacity by the end of Spring 2007.

More information regarding the Company and this press release can be obtained by viewing the company's recent 8-K filing at this web link:
http://biz.yahoo.com/bw/061016/20061016005460.html?.v=2 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1459&to=ea&s=0

Copyright Business Wire 2006

Better Biodiesel, Inc.

Better Biodiesel, Inc.

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