November 14, 2007 - 9:16 AM EST
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GS AgriFuels Engages Fieldstone Partners Capital Group
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) today announced that it has engaged the investment banking firm Fieldstone Private Capital Group (www.fpcg.com) for strategic advisory and to assist GS AgriFuels in its efforts to raise additional capital.
“The first three quarters of 2007 have demonstrated strong market acceptance of GS AgriFuels products, and GS AgriFuels intends to raise significant additional capital to meet market demand and to execute on existing contracts,” said Ed Carroll, GS AgriFuels’ chief financial officer. “We are pleased to have engaged an investment bank of this caliber and with this much related experience to assist us in moving forward. Fieldstone was a natural choice for us given their global energy industry focus.”
GS AgriFuels manufactures and markets biodiesel equipment and is developing multiple sites for its own biodiesel production based primarily on partnering with and locating at host ethanol facilities. Additionally, GS AgriFuels owns and operates a food-grade vegetable oil production and refinery facility.
Fieldstone is an independent, employee owned global boutique investment banking firm providing financial advisory services to the energy and infrastructure industries. Founded in 1990, Fieldstone advises energy entrepreneurs and corporations on raising capital, leveraged buyouts and mergers and acquisitions globally. In the renewable energy and biofuels industry, Fieldstone’s experience includes buy and sell-side M&A transactions for projects, developers, asset portfolios and corporations, as well as raising senior and subordinated non-recourse debt, strategic equity and tax equity. Fieldstone’s investment banking business operates from offices in New York, London, Johannesburg, Berlin and Hyderabad.
During 2006 Fieldstone closed a California transaction, CalPeak Power, which received Project Finance Magazine's “North America Portfolio Finance Deal of the Year” award for 2006. On that transaction, Fieldstone acted as exclusive financial advisor and placement agent to Starwood Energy Investor II, L.P. and Tyr Capital, LLC in connection with their May 2006 acquisition of CalPeak, a portfolio of gas-fired peakers in San Diego and San Francisco.
About GS AgriFuels Corporation
GS AgriFuels (OTC Bulletin Board: GSGF) was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels’ business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, and catalytic technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel (“IMF”) production facilities. Additional information on GS AgriFuels is available online at www.gs-agrifuels.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS AgriFuels Corporation and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
GS AgriFuels Corporation
212-994-5374
646-572-6336 fax
investorrelations@gs-agrifuels.com
www.gs-agrifuels.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
Source: Business Wire (November 14, 2007 - 9:16 AM EST)
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