Consolidated Biofuels (CE) (USOTC:CSBF)
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Today, Consolidated Biofuels, Inc., a Chicago-based public company
(Pinksheets:CSBF), through its CEO Daniel Honeycutt, announced his
invitation by His Excellency Dr. Naser Al Belooshi, Ambassador of the
Kingdom of Bahrain to the United States, to attend a private reception
at the Kingdom’s Embassy in Washington D.C. on
June 20, 2007. Mr. Honeycutt expressed that he, “is
very honored by His Excellency’s invitation”
and that he has responded to His Excellency’s
staff that he plans to attend the invited reception honoring the “House
of Representatives”.
This invitation follows closely after a very positive visit to Bahrain
during which Mr. Honeycutt, and Mr. Marty Johnson of International Bio
Fuels, were asked to speak and co-present by invitation at the Global
CleanTech 2007 conference that was held in Manama, Bahrain, the capital
city, May 29-31, 2007.
During the conference, Mr. Honeycutt was substantially quoted in the
Bahrain Tribune, after a personal interview conducted by Ms.
Siriwattasit of the Tribune. From that interview, Mr. Honeycutt was
partially quoted as saying, “Bahrain possesses
more than $300 billion worth of equity in the financial sector alone,
over 30 per cent of which represent idle funds that could be used to
capitalize on increasing opportunities to incubate its nascent
alternative energy industry into a multi-billion dollar market within
the next 10 years.” To review the entire
Bahrain Tribune article, readers should go to: www.bahraintribune.com,
in the archives, May 31, 2007, Business Section, titled “Capital
Raising Opportunities for Bahrain’s
Alternative Energy Sector”.
Today, Mr. Honeycutt further stated, “Our
domestic focus is not diluted by our interest in seeking capital funding
and equity participation in Bahrain and elsewhere; our focus is, in
fact, enhanced. Many of the strongest domestic energy investors have
been badly burnt by coming into the biofuels industry way too early, but
now, at the exact right time to invest, they are unable or unwilling to
approach large-scale biodiesel projects such as our very well-planned
joint venture projects with International Biofuels in the U.S. Gulf
States, and the Mississippi Valley Corridor. Interestingly, the
Bahrainian banking, finance and investment communities are very
sophisticated in the energy sector and have projected petro prices to
plateau before 2014. Therefore, they are now very anxious to diversify
their overall investment portfolio into the alternative energy sector
including biodiesel and other strong asset plays in the United States.
Consolidated is more than prepared to help them invest wisely in America.”
About Consolidated Biofuels, Inc.: Consolidated Biofuels, Inc. is
a development-stage, alternative fuels company that has aligned its
business strategies, research, consulting, alternative fuels solutions
and environmental strategies with the needs of the commercial
transportation industry, including trucking, railway, barge and tanker
shipping modalities.
For further information visit our website: http://www.CBioIntl.com
For financial statements and past press releases visit: www.pinksheets.com
This press release contains some forward-looking statements.
Forward-looking statements involve estimates, projections goals
forecasts, assumptions, risk and uncertainties that could cause actual
results or outcomes to differ materially from those expressed in the
forward-looking statements, and are current as of the date on which such
statements are made. 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.