Xethanol Corp. (AMEX:XNL)
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Xethanol Corporation (AMEX: XNL), a renewable energy company, today
announced that it has engaged Dr. Rom Papadopoulos to explore growth
alternatives for Xethanol’s business. Those
alternatives include mergers and acquisitions, investments, and new
product lines in renewable energy. Dr. Papadopoulos will work as a
special advisor to Xethanol’s CEO and
President, David Ames.
Dr. Papadopoulos has over twenty years of investment/merchant banking
and entrepreneurial experience. He is the founder and managing partner
of The Intuitus Group LLC, a merchant banking firm based in Atlanta. He
has extensive international experience in capital raising activities
with corresponding deal sizes of $10 to $50 million and buy or sell side
M&A transactions with deal sizes up to $250 million. Dr. Papadopoulos
also has contacts within the private equity, venture capital and
financial communities, as well as the chemical, energy and
pharmaceutical/biotech industries. He is on the Advisory Board of Caymus
Partners, a middle market investment banking firm based in Atlanta and
New York
Dr. Papadopoulos is experienced in business start-ups, patent and
intellectual property protection and strategies, business development
and expansion, licensing, strategic planning, marketing and operations.
David Ames, President and CEO of Xethanol, said, “As
we evaluate strategic opportunities to grow the company and increase
shareholder value, we believe that Dr. Papadopoulos’
extensive experience will help us evaluate the best course for the
company. His knowledge and expertise of the global and national energy
industry will be instrumental in determining our ongoing growth
strategies.”
About Xethanol Corporation
Xethanol Corporation is a renewable energy company focused on alternate
energy products and technologies as well as producing ethanol and other
co-products. Xethanol may invest in various renewable energy and clean
technologies, including biomass gasification for electricity production,
wind power, solar power, energy storage, energy infrastructure, energy
efficiency, waste recycling and agricultural processes.
Xethanol has research agreements in place, including several aimed at
efficient production of cellulosic ethanol. The company is working with
some of the nation’s leading scientific
institutions, including the National Renewable Energy Lab in Golden,
Colorado; Virginia Tech in Blacksburg, Virginia; the USDA Forest
Products Lab in Madison, Wisconsin; and the Energy and Environmental
Research Lab in Grand Forks, North Dakota.
For more information about Xethanol, please visit its website at http://www.xethanol.com.
Forward Looking Statements
Some of the statements made in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management’s current expectations and
include known and unknown risks, uncertainties and other factors, many
of which the company is unable to predict or control, that may cause the
company’s actual results or performance to
differ materially from any future results or performance expressed or
implied by such forward-looking statements. These statements involve
risks and uncertainties, including risks and uncertainties associated
with whether Dr. Papadopoulos will be successful in assisting the
company in its strategic initiatives. These risks and uncertainties are
in addition to other factors detailed from time to time in the company’s
filings with the SEC, including the section entitled “Risk
Factors” in its annual report on Form 10-K
for the year ended December 31, 2007. The company cautions investors
that any forward-looking statements made by the company are not
necessarily indicative of future performance. The company is not
responsible for updating the information contained in this press release
beyond the published date, or for changes made to this document by wire
services or Internet services.