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Gold/Mining/Energy : EVFL - Evolution Fuels, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (67)	11/6/2006 3:34:02 PM
From: John J. O`Reilly	Read Replies (1) \| Respond to of 175

Article for Earth Biofuels Inc (OTC BB:EBOF) 11:01 AM most recent headlines Earth Biofuels Completes Deal with Vertex Energy MONDAY, NOVEMBER 06, 2006 11:01 AM - BusinessWire EBOF 1.82 +0.03 Enter Symbol: Enter Keyword: DALLAS, Nov 06, 2006 (BUSINESS WIRE) -- Earth Biofuels, Inc. (EBOF) today announced that it has acquired a 51 percent interest in Vertex Processing, LP from Vertex Energy, LP. Vertex Processing owns a facility strategically located near the Houston Ship Channel which was previously utilized for chemical processing and has since been converted for production of biodiesel fuel. The fuel produced by this facility will be sold under Earth Biofuels' Willie Nelson brand name, BioWillie, to local markets and other areas. "Vertex Energy will be an excellent partner as we bring the BioWillie brand to Houston and the surrounding areas," said Dennis McLaughlin, chairman and chief executive officer of Earth Biofuels, Inc. "This city is known for being a leader in providing energy solutions; therefore, we feel that this is the ideal location for one of our major biodiesel production facilities as we strive to help reduce our nation's dependence on foreign oil through the production and distribution of biofuels." The Houston facility represents Earth Biofuels' first joint-venture biodiesel producing plant, which has a current capacity of 10 million gallons per year (MMgy). Under the direction of Dr. Miguel Dabdoub, the joint venture expects to expand the facility to 20 MMgy over the next several months. An expert in biodiesel process technologies in Brazil, Dr. Dabdoub has been instrumental in that nation's near independence from foreign oil and owns proprietary technologies related to the production and use of biodiesel fuel. Earth Biofuels owns the exclusive rights to utilize these technologies in North America. About Earth Biofuels Earth Biofuels produces and distributes biodiesel fuel through the company's network of wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie." The Company is focused on capitalizing on the growing demand for alternative and renewable fuels in the domestic market. The Company's website is www.earthbiofuels.com. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.