Better Biodiesel, Inc., Acquires Domestic Energy Partners.SALT LAKE CITY -- In paragraph No. 6, last line, the web address should read: www.betterbiodiesel.com (sted: www.biodiesel.com) After paragraph No. 8, Better Biodiesel's research indicates that it is...., add the following: [TABLE OMITTED] Initial production at our Utah facility began in May of 2006. Better Biodiesel, based on its evaluation of its production facilities, projects that it will have 39 million (or more) gallons of production capacity by the end of Spring 2007. In paragraph No. 9, More information regarding the Company..., use this link: http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID= 4678035&Type=HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. (sted: http://yahoo.brand.edgaronline.com/fetchFilingFrameset.aspx? FilingID= 4678035&Type=HTML) The SOURCE on this story should be: Better Biodiesel, Inc. (sted: Domestic Energy Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ) The corrected release reads: BETTER BIODIESEL, INC., ACQUIRES DOMESTIC ENERGY PARTNERS Better Biodiesel, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BBDS BBDS Bits and Bytes Document Solutions BBDS BlackBox Data Solutions, LLC BBDS Back Bay Design Consultants (Winchester, MA) )(the "Company" or "Better Biodiesel") announced today that, on September 29, 2006, it successfully completed a share exchange with Domestic Energy Partners, LLC ("DEP DEP Deposit DEP Deputy DEP Department of Environmental Protection DEP Dependent DEP Departure DEP Depot DEP Deposition DEP deployed (US DoD) DEP Data Execution Prevention (computer security) "), a company that produces biodiesel fuel and develops biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such technology (the "Acquisition"). Pursuant to the closing of the Acquisition, the Company issued an aggregate of 28,500,000 shares of its common stock for all of the issued and outstanding equity and voting interests Voting interest in business and accounting is a percentage of voting stock owned. This notion is different from economic interest that refers to a percentage of all the equity issued, including preferred stock, warrants, and so on. of DEP and DEP became a wholly-owned subsidiary of the Company. Additionally, upon completion of the acquisition, new officers and directors were appointed to the Company, including Ron Crafts as Chairman and Chief Executive Officer, John Crawford John Crawford is a name shared by several people:
Ron Crafts, Better Biodiesel Chairman and Chief Executive Officer, stated, "Better Biodiesel is bringing to market its proprietary biodiesel production technology that we believe will emerge as a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. technology in the alternative fuels marketplace," adding that "High production costs currently limit the biodiesel industry. Our technology, however, enables the production of biodiesel technology at reduced costs as compared with customarily used biodiesel production technologies. "Our estimates indicate that Better Biodiesel's production process can achieve up to a 40 percent reduction in the combined costs of manufacturing biodiesel production facilities and in the production of biodiesel fuel relative to conventional processes, before taking into account potential tax credits and byproduct by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. Noun 1. sales." Crafts elaborates, "Better Biodiesel's initial, three million gallon per year production facility has a total footprint of less than 160 square feet as compared with the three acres required for a conventional biodiesel production facility of the same production capacity." Better Biodiesel believes that it can take advantage of these efficiencies to expand in the biodiesel marketplace and increase its annual production capacity up to ten-fold by next spring, potentially reaching a production capacity of 100 million gallons by year end 2007. "Becoming a public company is a significant milestone for the company," Crafts concluded. "We are confident that the higher visibility and access to public capital markets will expand our opportunities and accelerate the execution of our long term growth strategy." About Better Biodiesel Addressing a large and rapidly growing global marketplace, Better Biodiesel is an emerging-growth biodiesel production company that produces commercial quality biodiesel fuel for sale to distributors and petroleum refiners (www.betterbiodiesel.com). Better Biodiesel develops and owns proprietary technology that significantly reduces the costs of biodiesel production while speeding up the production timeline; increasing the volume of fuel that can be made within a given time period and reducing the amount of land needed for the production facilities. Its refining facility currently has an annual production capacity of up to three million gallons; the Company plans to increase its U.S. production capacity to approximately 100 million gallons by year end 2007. Better Biodiesel's research indicates that it is the only manufacturer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with this biodiesel production technology. This provides the Company with production advantages as to efficiency, volume and continuous production flow in the automated processing of biodiesel fuel. The Company has filed a provisional patent application for the technology, Serial No. 60/736,674, with the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property . [TABLE OMITTED] Initial production at our Utah facility began in May of 2006. Better Biodiesel, based on its evaluation of its production facilities, projects that it will have 39 million (or more) gallons of production capacity by the end of Spring 2007. 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://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID= 4678035&Type=HTML (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release includes forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 with distributors of our biodiesel fuel product; (3) the risks inherent the mutual performance such supplier and distributor contracts (including our production performance); and (4) our ability to raise necessary financing to execute the Company's business plans. |
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