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Currently on the OTCBB. Since I didn't find a good active board for this stock and it's been making a nice move lately I thought I would at least open this board. Xethanol Featured in February Issue of Fortune Small Business Magazine Tuesday January 31, 8:00 am ET Use of Candy Waste to Produce Ethanol Highlighted as ''Innovation'' NEW YORK--(BUSINESS WIRE)--Jan. 31, 2006--Xethanol Corporation (OTCBB:XTHN - News), a biotechnology driven ethanol production company, is the lead story in the "Innovations" section of FSB (Fortune Small Business) a sister publication to Fortune Magazine. The story, written by Justin Martin, focuses on Xethanol's plants in Iowa and its development of technologies for becoming a low-cost producer of ethanol from waste products. In addition to highlighting that revenues for Xethanol could hit $15 million this year, up from $2.5 million in 2005, the article also reports on Xethanol's planned expansion on the eastern seaboard of the U.S. Xethanol Chairman and CEO Christopher d'Arnaud-Taylor commented "It is most gratifying for our stockholders and employees that Xethanol has been recognized as an innovator by FORTUNE and for our Blairstown plant to be given such prominence on the cover." Mr. d'Arnaud-Taylor added "There are strong legislative and commercial tailwinds driving the future of ethanol and our company. The government's support for ethanol is likely to receive a further boost in President Bush's upcoming State of the Union address. Furthermore, the commitment of Ford Motor Company and General Motors to increasing production of ethanol enabled Flexible Fuel Vehicles, indicates that Xethanol is aligned with meeting our Nation's need for energy independence and the production of a safe, clean-burning fuel. About Xethanol Corporation Xethanol Corporation's goal is to be the leader in the emerging biomass-to-ethanol industry. Xethanol's mission is to optimize the use of biomass in the renewable energy field and convert biomass that is currently being abandoned or land filled into ethanol and other valuable co-products, especially xylitol. Xethanol's strategy is to deploy proprietary biotechnologies that will extract and ferment the sugars trapped in these biomass waste concentrations. Xethanol's strategic value proposition is to produce ethanol and valuable co-products cost effectively with ethanol plants located closer to biomass sources. In Iowa, Xethanol owns two ethanol production facilities, where it is deploying these technologies. For more information about Xethanol, please visit its website at xethanol.com Forward-looking statements Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as "expects", "should", "believes", "anticipates" or words of similar import. Similarly, statements that describe Xethanol's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of Xethanol, as appropriate, which could cause actual results to differ materially from those currently anticipated. Although Xethanol believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors that could cause results and conditions to differ materially from those projected in these forward-looking statements, and come of these factors are discussed in detail in the company's 10K. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and Xethanol does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Contact: Capital Group Communications, Inc. Anthony Evans / Mark Bernhard, 415-332-7200 info@capitalgc.com www.capitalgc.com | ||||||||||||||
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