Everton Energy Selects R.J. O'Brien for Risk Management Services.WICHITA, Kan. -- Everton Energy, LLC announced today that it has selected R.J. O'Brien and Associates, Inc. (RJO), as a strategic partner in implementing its risk management program. Everton Energy is in the business of developing and acquiring renewable energy production and is initially focused on ethanol plants. RJO is the nation's largest independent futures brokerage firm. The announcement was made by Bert Farrish, Everton Energy's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "As Everton approaches construction of its first ethanol plant, we are focused on risk management, and operating margin management," said Mr. Farrish. "RJO is a leading futures commission merchant Futures commission merchant (FCM) A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any specializing in the grains and energy markets for over 90 years. We selected them as our primary risk management partner based on their deep knowledge of commodities and their incomparable reputation for superior customer service. We look forward to a long and successful relationship." Everton's first plant will be a 110 million gallon per year ethanol plant located near Concordia, Kansas. Construction of the Concordia plant is scheduled to begin in October, 2007. Everton plans to build or acquire additional plants over time. These plants could be in major corn production areas or "destination" plants near major ethanol consumption areas. Everton is also examining developing other bioenergy projects. About Everton Energy, LLC Everton Energy, LLC develops and acquires ethanol plants, with the goal of being a leading integrated producer and marketer of biofuels by 2010. Construction of Everton's first plant, a 110 million gallon ethanol facility in Kansas, is scheduled to begin in the third quarter of 2007, and ethanol production is slated to start in the first quarter of 2009. For further information, please visit www.evertonenergy.com. About R.J. O'Brien RJO is the largest independent futures brokerage firm in the United States. A privately owned futures commission merchant, RJO is also one of the oldest futures brokerage firms, dating to 1914. RJO is a founding member of the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. (CME CME See: Chicago Mercantile Exchange CME See Chicago Mercantile Exchange (CME). ) and is a full clearing member of: the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. (CBOT See Chicago Board of Trade. CBOT See Chicago Board of Trade (CBOT). ); the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. (NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). ); Intercontinental Exchange (ICE), Eurex AG; EuronextLIFFE; and US Futures Exchange. RJO services a global network of more than 270 introducing brokers and some of the world's largest financial, industrial and agricultural institutions. RJO offers the latest in order entry technology coupled with 24-hour execution and clearing on every futures exchange worldwide. For further information, please visit www.rjobrien.com. |
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