Better Biodiesel Appoints Senior Energy Finance Executive Steve A. Nordaker to Its Board of Directors.SALT LAKE CITY -- 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) ), a producer of biodiesel fuel employing proprietary production technology, today announced that it has appointed Steve A. Nordaker as an independent member of its board of directors. With about 40 years experience in energy finance and engineering, including 20 years in the energy group at JP Morgan Chase (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ), Mr. Nordaker will provide Better Biodiesel with added leadership in corporate finance and development. Presently, he is senior vice president - finance for The Energy Capital Group (ECG ECG electrocardiogram. ECG abbr. 1. electrocardiogram 2. electrocardiograph ECG Also called an electrocardiogram, it records the electrical activity of the heart. ). Houston-based ECG is a development company dedicated to building, owning, and operating gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas units for the refining, petrochemical, and fertilizer industries. Previously, Mr. Nordaker served for 20 years with JP Morgan Chase and its predecessor entities (Chase, Chemical, and Texas Commerce Bank) through 2001 when he retired as a managing director in the firm's energy group. There, his experience included traditional banking, investment banking, project finance, acquisitions, leverage buyouts, corporate finance and capital market products. Prior, Mr. Nordaker worked five years as manager of projects for The Frantz Company, an engineering consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a serving the oil refinery and petrochemical industry from 1977 to 1982. Earlier, he worked as a chemical engineer for Universal Oil Products between 1968 and 1977 where he was engaged in engineering and startup work at 17 petrochemical or refinery plant sites in five different countries. Mr. Nordaker received a BS in chemical engineering from South Dakota School of Mines and Technology South Dakota School of Mines and Technology, at Rapid City; state supported; coeducational; chartered 1885, opened 1887 as Dakota School of Mines, renamed 1943. (1968), and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from University of Houston (1982). "With its feedstock versatility and production efficiencies, Better Biodiesel's technology offers tremendous potential for a worldwide energy marketplace desperately seeking cost effective alternative fuels," Mr. Nordaker said. "Steve is a veteran energy finance executive with extensive industry experience and contacts," said Ron Crafts, Better Biodiesel chairman and chief executive officer. "His contribution will be instrumental to the company's success as Better Biodiesel moves forward into commercial production. We are delighted to have him on board." About Better Biodiesel Better Biodiesel has developed proprietary waterless technology that significantly reduces the costs of 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 and its impact on the environment. A key environmental distinction in Better Biodiesel's production method is the absence of any caustic chemicals in the catalytic reaction process, which enables Better Biodiesel to eliminate the washing and evaporation steps necessary under customary biodiesel production processes. This proprietary technology speeds up the production timeline, increases the volume of fuel that can be made within a given time period, and reduces the amount of land needed for the production plant. Better Biodiesel's initial pilot plant is producing approximately three million gallons per year Million gallons per year is a measure of large-scale liquid production, consumption, or throughput. It is variously abbreviated as mgy, MGY, mmgy, MMgy, or MMGY. and has a total footprint of less than 160 square feet. By contrast, several acres are required for a conventional biodiesel facility of the same production capacity. Initial Company estimates indicate that Better Biodiesel can expect to achieve a 20 percent reduction in the cost of producing biodiesel fuel, and a 40 percent reduction in the cost of building its biodiesel plants as compared with conventional production methods and facilities. Better Biodiesel's objective is to become one of the world's largest producers of biodiesel. (www.betterbiodiesel.com) 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 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 future acquisitions 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 in 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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