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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: John Morrison who wrote (6385)5/19/2006 11:03:37 AM
From: John J. O`Reilly   of 6445
 
EBOF: Signs LOI Acquire 51% Interest in Vertex Energy [delayed]
Thursday May 18, 2006 (01:04 PM)

Ridgeland, MS, MAY 18, 2006 (EventX/Knobias.com via COMTEX) -- Earth Biofuels, Inc. (EBOF) announced in an 8-K that it has signed a Letter of Intent to acquire a 51% equity interest in Vertex Energy, LP, a company that owns a chemical processing facility adjacent to the Houston Ship Channel in Houston, TX. The Company plans to convert the chemical processing facility to a biodiesel production facility, and to sell the fuel produced by this facility under its brand name "BioWillie" to local markets and other areas of Texas. Shares were down almost 7% on the day.
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