Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rascal who wrote (107)	11/15/2007 11:51:53 AM
From: xcentral1	Respond to of 175

Earth BioFuels settles with creditors Nov 15, 2007 (The Dallas Morning News - McClatchy-Tribune Information Services via COMTEX) -- Dallas-based Earth BioFuels Inc. has settled with a group of creditors who tried to force the company to liquidate in July. The company, which licenses the organic-based diesel fuel BioWillie, said in regulatory filings that it had reached an out-of-court settlement with investors including Castlerigg Master Investments Ltd. of the British Virgin Islands. Castlerigg and others agreed to drop their effort to force Earth BioFuels into bankruptcy in exchange for being owed just over $100 million collectively, with interest and fees still accumulating. As part of the agreement, Earth BioFuels chief executive Dennis McLaughlin has agreed to a limited personal guarantee for an unidentified portion of the debt. The company filed the documents Tuesday night. Earth Biofuels admitted in court that it failed to meet some of the obligations related to the investor financing and will not contest the $100 million figure it owes, according to the filings. The company lost $21 million through the first six months of 2007 on revenue of $4.8 million. It has been hurt by market factors surrounding the biofuels industry and needs new financing to continue operations, according to other regulatory filings. Its accountants issued a going concern warning in May after the company restated some of its financials. On Wednesday, the company asked the Securities and Exchange Commission for permission to delay filing its quarterly financial statements, saying its executives have been too busy with other matters to file them. Messages left with lawyers for Castlerigg weren't returned Wednesday. Earth Biofuels spokeswoman Shawne Horn said the company expects to have a news release soon. Shares of Earth Biofuels rose three-tenths of a penny to 4.7 cents in trading Wednesday, having lost 95 percent of their value this year. To see more of The Dallas Morning News, or to subscribe to the newspaper, go to dallasnews.com. Copyright (c) 2007, The Dallas Morning News Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. Eric Torbenson Copyright (C) 2007 The Dallas Morning News

To: Rascal who wrote (107)	11/16/2007 1:31:56 PM
From: xcentral1	Respond to of 175

Earth Biofuels LNG Subsidiary Announces Contract Renewal DALLAS, Nov 16, 2007 (BUSINESS WIRE) -- Earth Biofuels, Inc. (OTCBB:EBOF) today announced that its subsidiary, Applied LNG Technologies ("ALT") has renewed a three year liquefied natural gas supply agreement with the City of Redlands (California). The City of Redlands utilizes liquefied natural gas ("LNG") as transportation fuel for its municipal fleet vehicles, and has built an LNG and compressed natural gas ("CNG") refueling station for public use within its city limits. "This renewal exemplifies our recent successes in growing our profitable LNG business, especially in the California markets," stated Earth Biofuels CEO, Dennis McLaughlin. "We are now in the process of expanding our product availability to make LNG available in major cities outside of California." LNG meets California's strict emission standards and is now more readily available for use by commercial vehicles, heavy-duty trucks, utility companies, fleets, light-duty trucks and consumer CNG vehicles. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles. "We are pleased to be able to offer the public access to clean, domestically produced LNG and CNG in a convenient location and ALT has been a great partner in this effort," said Gary Van Dorst, Solid Waste Manager for City of Redlands. Through California's South Coast Air District and Air Quality Management grants, the City of Redlands will operate 20 of its 32 municipal vehicles on LNG/CNG fuels by its fiscal year end. "This is a win-win agreement because it allows ALT to provide LNG on a long term basis and gives the City of Redlands piece of mind knowing that they have stability regarding their LNG supply," said Kevin Markey, Vice President, ALT, Inc. ALT LNG produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's Web site is www.altlngusa.com. Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie(R)." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's Web site is www.earthbiofuels.com.

To: Rascal who wrote (107)	11/21/2007 3:14:08 PM
From: xcentral1	Respond to of 175

On November 19, 2007, the Earth Biofuels, Inc. (the "Company") Board of Directors authorized a stock repurchase program of up to twelve million (12,000,000) issued and outstanding shares of the Company's common stock for a period of 6 months ending June 3, 2008, commencing on Monday, December 3, 2007. The Company's repurchase of its shares under the program will be made from time to time during the 6 month period, at the sole discretion of the Company's management after consideration of relevant factors such as the historical and current market price of the stock, the nature of other investment opportunities or growth projects, available cash flows from the Company's operations, general economic conditions and other factors deemed appropriate. The program does not obligate the Company to acquire any specific number of shares and may be modified, suspended, extended or terminated for any reason at any time without prior notice.

To: Rascal who wrote (107)	12/11/2007 11:45:55 AM
From: xcentral1	Respond to of 175

Petition for Bankruptcy Against Earth Biofuels Dismissed DALLAS, Dec 11, 2007 (BUSINESS WIRE) -- Earth Biofuels, Inc. (OTCBB:EBOF) today announced that the petition for involuntary bankruptcy filed against the Company on July 11th of this year was dismissed yesterday, December 10, 2007, by the U.S. Bankruptcy Court for the District of Delaware. The Company is no longer involved with any bankruptcy proceedings and is moving forward with its restructuring and growth plan. That plan is focused on the expansion of Company's liquefied natural gas business, the Company's biodiesel production and marketing operations, the development of cellulosic ethanol production technologies, and the development of biofuels retail marketing and distribution. Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie(R)." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's website is www.earthbiofuels.com.