Better Biodiesel Retains Capital Group Communications for Investor Relations
SALT LAKE CITY--(BUSINESS WIRE)--Better Biodiesel, Inc. (OTCBB: BBDS) (“Better Biodiesel” or the “Company”), a producer of proprietary biodiesel manufacturing technology and biodiesel fuel, announced today that it has retained Capital Group Communications, Inc. (CGC), for strategic investor and media relations services.
San Francisco-based CGC is a leading consulting firm that specializes in creating and implementing comprehensive investor, public and media relations for development stage and emerging growth companies. CGC utilizes a long-term, collaborative business model and accepts only restricted stock, in lieu of cash fees, for its consulting services.
CGC will provide Better Biodiesel with strategic investor relations assistance in order to increase shareholder awareness, build the Company’s relationship with the investment community and develop financial and energy-industry media programs to inform the investment community about the growth and progress of the Company.
“We believe that the alternative fuel industry and the global energy marketplace will embrace our proprietary biodiesel manufacturing technology and our growing production capability,” stated Ron Crafts, Better Biodiesel Chairman and Chief Executive Officer, adding, “In this time of global hypersensitivity to energy sources and prices, Better Biodiesel has an exciting story to tell. We’ve selected Capital Group as a premier firm with the expertise and market reach to tell that story. I look forward to a long and productive relationship with CGC.”
“CGC has long favored supporting socially responsible and environmentally conscientious companies," said Devin J. Bosch, Chief Executive Officer of CGC. “Better Biodiesel holds great promise as a positive, disruptive force in the alternative energy industry with the potential to reduce U.S. dependence on foreign oil and carbon based emissions that are widely believed to contribute to global warming. We are excited to be working closely with a company that is so forward thinking both socially and technologically.”
About Better Biodiesel
Better Biodiesel has developed proprietary waterless technology that significantly reduces the costs of biodiesel production and its impact on the environment. A key environmental distinction in Better Biodiesel’s production method is the absence of any caustic chemicals in the catalytic reaction process, which enables Better Biodiesel to eliminate the washing and evaporation steps necessary under customary biodiesel production processes. This technology speeds up the production timeline, increases the volume of fuel that can be made within a given time period, and reduces the amount of land needed for the production plant. Better Biodiesel’s initial pilot plant is producing approximately three million gallons per year and has a total footprint of less than 160 square feet. By contrast, three acres are required for a conventional biodiesel facility of the same production capacity. Better Biodiesel’s estimates indicate that its production process can achieve up to a 40 percent reduction in the combined costs to build and operate its modular biodiesel plants.
Better Biodiesel believes that it can take advantage of these efficiencies and plans to increase its current capacity ten-fold by next spring and potentially reach 100 million gallons of production capacity by year end 2007. Better Biodiesel’s objective is to become one of the world’s largest producers of biodiesel. (www.betterbiodiesel.com)
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://www.b2i.us/profiles/investor/seclink.asp?BzID=1459
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
Forward-Looking Statements
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our ability to manage the DEP acquisition and the expansion of operations; (2) our ability to obtain contracts with suppliers of raw materials (for our production of biodiesel fuel) and distributors of our biodiesel fuel product; (3) the risks inherent in the mutual performance of such supplier and distributor contracts (including our production performance); (4) our ability to protect and defend our proprietary technology; (5) our ability to secure and retain management capable of managing growth; (6) our ability to raise necessary financing to execute the Company's business plans; and (7) the Company's ability to comply with all applicable federal, state and local government and international rules and regulations.
