US BioEnergy Celebrates Grand Opening of Albert City, IA Ethanol Facility with NASDAQ Closing Bell Ceremony.* Opening of 100 million Gallon Facility Makes US BioEnergy Largest Pure-Play Ethanol Producer in U.S. * Governor of Iowa to Attend, Ceremony Available on Live National Satellite Feed ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- US BioEnergy Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :USBE USBE US BioEnergy Corporation (stock symbol) ) is celebrating the grand opening of the company's newest ethanol production facility with a remote NASDAQ Closing Bell Ceremony today at the facility in Albert City, Iowa Albert City is a city in Buena Vista County, Iowa, United States. The population was 709 at the 2000 census. Geography Albert City is located at (42.780912, -94.950569)GR1. . US BioEnergy is the nation's largest pure-play producer of ethanol, a renewable fuel alternative that is critical to lessen America's dependence on foreign oil. To celebrate this important company milestone and mark US BioEnergy's recent initial public offering on the NASDAQ stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , the company will be hosting a grand opening celebration for members of the community and its employees. The event will include a remote Closing Bell Ceremony of the NASDAQ, held live at the Albert City facility. Chet Culver Chester John "Chet" Culver (January 25, 1966–) is the current Governor of the U.S. state of Iowa, having won the 2006 election. His assumption of office marks the first time that Democrats have simultaneously controlled both the executive and legislative branches of Iowa's , Governor of Iowa will also be on hand to mark the opening of the facility along with executives of NASDAQ and local and community leaders. "The opening of our Albert City facility marks a very important step forward for US BioEnergy, the local community and farmers of Albert City and for the future of renewable energy in America," commented Gordon Ommen, chairman 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. of US BioEnergy. "It is imperative that we as a country look to the long-term solution that ethanol offers by its ability to lessen our dependence on foreign oil and decrease gasoline's negative impact on the environment. We are honored to mark this occasion by a remote NASDAQ bell ringing ceremony." The Albert City facility, which began operations in November 2006, is expected to produce approximately 100 million gallons of ethanol per year and 320,000 tons of distillers grains per year. This brought the company's total ethanol production to 250 million gallons of ethanol per year, which is currently the largest output by any pure-play producer of ethanol in the United States. About US BioEnergy Corporation US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently owns and operates three ethanol plants and has five additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate seven plants with combined expected ethanol production capacity of 650 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. . Forward-looking Statements Certain matters discussed in this news release are "forward-looking statements." 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 has established that these statements qualify for safe harbors from liability. Forward-looking statements may include words like "believe," "anticipate," "target," "expect," "pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ," "estimate," "intend," "guidance" or words of similar meaning. Forward-looking statements describe future plans, objectives, expectations or goals. Although US BioEnergy Corporation believes that its expectations are based on reasonable assumptions, all forward-looking statements involve risk and uncertainty. Therefore, actual results could vary materially from what we expect. Please review our prospectus filed with the Securities and Exchange Commission on December 14, 2006 for important risk factors that could cause results to differ materially from those in any such forward-looking statements. Any forward-looking statement speaks only as of the date such statement was made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement was made except as required by applicable laws or regulations. |
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