Consolidated Biofuels Receives Initial Round of Financing.DALLAS -- Consolidated Biofuels, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSBF CSBF Civil Service Benevolent Fund (United Kingdom) CSBF Columbia Scientific Balloon Facility (formerly National Scientific Balloon Facility) CSBF Casual Sex Between Friends ), an alternative fuel company, announced today that it has received an initial $220,000 from a private placement of the Company's common stock. This first round of financing will provide the Company with operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and other monies needed to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... the larger capital raise underway to construct and operate its first of six planned biodiesel facilities. About Consolidated Biofuels Consolidated Biofuels is planning to construct and operate six 30 million gallon production facilities and is dedicated to a cleaner America by increasing the availability of biodiesel fuel nationwide and expanding the effort to reduce pollution caused by petroleum diesel fuels. For further information visit: http://www.consolidatedbiofuels.com. This press release contains some 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. . We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our business. |
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