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AMTX new 52 week low
AMTX new 52 week low
"Ya this one was my bad. I thought it was a post about verb."
Yes, it was bad, just like your DD and scamming techniques.
AMTX $16.44 +$1.74+11.8% Breakout above $15. Thursday and Friday last week it flirted with $15 level intraday. Good start for the week.
Technical difficulties with chart
$14.35 +$1.3s +10% breaking higher again, news sounds good make the global warming crowd happy. large institutional ownership steady climb off the radar stock just keep climbing.
while some ponder whether there has been or will be a short squeeze Im up over $170k on 50k shares I bought at $9ish a mere 10 days ago. Summer is looking bright for AMTX. Bi partisans wanting to pass legislation extending a $1 per gallon tax break to biodiesel
Tuesday that Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) had jointly introduced a bipartisan Biodiesel Tax Credit Extension Act of 2021 to the Senate. If passed, the bill will extend the current federal biodiesel tax credit program -- worth $1 per gallon of biodiesel produced -- through 2025.
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The biofuels value chain currently consists of many parts: processing and refining, storage, distribution and marketing, and advanced technology. Most, if not all, biofuels suppliers have primarily been focused on only one portion of the chain, with limited – or no – vertical integration. AE Biofuels is a vertically integrated company developing biofuel solutions for the world’s renewable energy needs on a global basis. Using patent-pending cellulosic ethanol technology, AE Biofuels is reducing production costs and reliance on food-based feedstocks. AE Biofuels is currently producing cleaner burning biodiesel for emerging markets, where demand is growing fastest.
AE Biofuels utilizes an Integrated Plant Approach that allows for the use of cellulose, corn and sugar feed stocks, increasing efficiencies. Our technology also facilitates the upgrading of existing corn ethanol plants to use both corn and cellulosic feedstock and enables sugar cane ethanol plants to convert bagasse into fuel. AE Biofuels patent-pending cellulosic ethanol technology also lowers feedstock costs by using agricultural waste as opposed to potential food crops, and offers lower capital costs.
AE Biofuels has established leading positions in each stage of the biofuels value chain – global and diversified access to feedstock, large scale volume of biofuels production, marketing and distribution, and advanced biofuels technology.
AE Biofuels has permitted sites to develop new ethanol plants in
Read more about Cellulosic Ethanol »
Today’s world is increasingly defined by two inter-related trends: Growing global energy demand and heightened concerns over carbon emissions. By 2050, global crude oil consumption is projected to more than double and oil from proven conventional sources will be insufficient to meet projected global demand.
The rise in standards of living in China and India, in addition to continued high fuel consumption in the US and EU, underscores the need for additional fuel energy sources to satisfy ever-growing demand. Concerns about carbon emissions and their potential contribution to global climate change heightens the need for renewable and low-emission sources of fuel. The largest use of oil, transportation, is also one of the most significant sources of carbon emissions.
Traditional energy solutions have relied on conventional fuels to satisfy the energy needs of modern society. Conventional fuels, primarily fossil fuels comprised of oil and gas, has been primary energy sources for more than a century, generating trillions of dollars of market value. Current conventional fuel consumption is approximately 85 million barrels per day and is projected to grow to more than 140 million barrels per day over the next twenty years.
The vast majority of conventional oil is concentrated in areas with geo-political instability. Yet our energy needs continue to grow.
The world needs a fuel source that is renewable, compatible with existing energy and transportation infrastructure, is scalable to meet future demand and has low net emissions, and is not dependant on unstable geo-political regions.
Renewable fuels offer a unique opportunity to meet the increasing demand for fuel energy. Renewable fuels are all bio-fuels, including ethanol and biodiesel, that can be produced from renewable sources. Both ethanol and biodiesel are produced through a variety of feed-stocks, with new cellulosic ethanol technology enabling the use of inexpensive, non-food energy sources.
The current production of Biofuels is about one million barrels per day and constitutes approximately 1% of global petroleum based oil production. The Renewable fuels industry is one of the fastest growth sectors across all industry segments.
A combination of factors is driving the Renewable fuels industry, including: increasing demand for oil, constraints on oil supply, greenhouse gas emissions concerns and increasing air quality standards. The projected growth of Renewable fuels to 20 million barrels per day worldwide would result in the creation of annual revenues in excess of $600 billion and a combined market value in excess of $1 trillion.
The Biofuels market is in a period of explosive growth. This growth is driven by sustained high price of oil, government incentives, energy security and a global desire for cleaner and renewable fuels. AE Biofuels is uniquely positioned to address these challenges
AE Biofuels is building the world’s first vertically integrated company developing biofuel solutions for the world’s renewable energy needs on a global basis. A management team with deep experience across the biofuels value chain is key to our success.
Eric A. McAfee – Chairman and CEO
Mr. McAfee is an entrepreneur and venture capitalist with a lifelong commitment to agriculture and renewable energy. After growing up on a farm near Fresno, California, he co-founded Organic Pastures Dairy Company, a 400-acre raw milk dairy and distribution company that is now the largest in the United States, and McAfee Farms, a producer of organic almonds.
Mr. McAfee is a founding shareholder of $800 million revenues Pacific Ethanol (Nasdaq: PEIX), a leading ethanol producer in the Western United States. Pacific Ethanol received an $84 million investment from Microsoft Chairman Bill Gates through his investment firm Cascade Investments and then raised $146 million at a $1.1 billion valuation. Mr. McAfee is also a founding shareholder of several publicly-held energy companies: Evolution Petroleum (Amex: NGSY), Pacific Asia Petroleum (symbol: PFAP), Particle Drilling Technologies (Nasdaq: PDRT), and World Waste Technologies (symbol: WDWT).
During his career, Mr. McAfee has funded more than twenty-five companies as a principal investor, and has founded six public companies with a combined high market value of $4 billion.
In 2007, Mr. McAfee was awarded the Opportunity International Founder's Award for his work related to third world development through biofuels. OI is one of the world's largest micro-finance companies, with more than 1 million clients annually in 35 countries.
Mr. McAfee graduated as the Dean’s Medalist from the Fresno State University business school, and is a graduate of the Harvard Business School Private Equity and Venture Capital program and the Stanford Graduate School of Business Executive Program.
Mr. Sorgenti was appointed to the Board of Directors of the Company in November 2007. Since 1998, Mr Sorgenti has been the principal of Sorgenti Investment Partners, a company engaged in pursuing chemical investment opportunities. Sorgenti Investment Partners acquired the French ethanol producer Societe d'Ethanol de Synthese (SODES) in partnership with Donaldson, Lufkin & Jenrette in 1998. Prior to forming Sorgenti Investment Partners, Mr. Sorgenti served a distinguished career that included the position of President/CEO of ARCO Chemical Company from 1979 to 1991, including leadership of the 1987 IPO of the company. Mr. Sorgenti is also the founder of Freedom Chemical Company. Mr. Sorgenti is a member of the board of directors of Provident Mutual Life Insurance Co. and Crown Cork & Seal. Mr. Sorgenti received his B.S. in chemical engineering from City College of New York in 1956 and his M.S. from Ohio State University in 1959. Mr. Sorgenti is the recipient of honorary degrees from Villanova, St. Joseph's, Ohio State, and Drexel Universities.
Mr. Peterson has worked in the securities industry in various capacities for nearly twenty years. For the majority of his career, he was employed by Goldman Sachs & Co., where, as vice president, he was responsible for a team of professionals that advised and managed over $7 billion in assets for high net worth individuals and institutions. Mr. Peterson joined Merrill Lynch in 2000 to form and help launch its Private Investment Group, and most recently he served as a managing partner of American Institutional Partners, LLC. in charge of venture investing. In December 2005, he formed Pascal Investments, a private equity firm. Mr. Peterson received a BS in Computer Science and Statistics, and an MBA from Brigham Young University.
John Block has dedicated his professional career to the fields of agriculture, food, and health. His accomplishments in agriculture began with the building of a large and successful hog operation in his home state of Illinois where he also served as the Director of Agriculture from 1977-1981. He was tapped by President Reagan to serve as the Secretary of the U.S. Department of Agriculture from 1981-1985, where he played a key role in the development of the 1985 Farm Bill. He is now a Senior Legislative Advisor to Olsson Frank Weeda Terman Bode Matz, P.C., an organization that represents the US food industry. Secretary Block was formerly a member of the Board of Directors of John Deere & Co. and Hormel Foods Corp. From January 2002 until January 2005, Secretary Block served as Executive Vice President of the Food Marketing Institute. From February 1986 until January 2002, Secretary Block served as President of Food Distributors International. Secretary Block received his B.A. from the US Military Academy at West Point, NY
Mr. McAfee is an entrepreneur and venture capitalist with a lifelong commitment to agriculture and renewable energy. After growing up on a farm near Fresno, California, he co-founded Organic Pastures Dairy Company, a 400-acre raw milk dairy and distribution company that is now the largest in the United States, and McAfee Farms, a producer of organic almonds.
Mr. McAfee is a founding shareholder of $400 million revenues Pacific Ethanol (Nasdaq: PEIX), a leading ethanol producer in the Western United States. Pacific Ethanol received an $84 million investment from Microsoft Chairman Bill Gates through his investment firm Cascade Investments and then raised $146 million at a $1.1 billion valuation. Mr. McAfee is also a founding shareholder of several publicly-held energy companies: Evolution Petroleum (Amex: NGSY), Pacific Asia Petroleum (symbol: PFAP), Particle Drilling Technologies (Nasdaq: PDRT), and World Waste Technologies (symbol: WDWT).
During his career, Mr. McAfee has funded more than twenty-five companies as a principal investor, and has founded six public companies with a combined high market value of $4 billion.
In 2007, Mr. McAfee was awarded the Opportunity International Founder's Award for his work related to third world development through biofuels. OI is one of the world's largest micro-finance companies, with more than 1 million clients annually in 35 countries.
Mr. McAfee graduated as the Dean’s Medalist from the Fresno State University business school, and is a graduate of the Harvard Business School Private Equity and Venture Capital program and the Stanford Graduate School of Business Executive Program.
Andy Foster has lead organizations with multi-million dollar budgets for the past nine years. He served as Vice President of Corporate Marketing for Marimba, Inc., which was acquired by BMC Software (NYSE: BMC: 2006 revenues $1.4 billion). Following BMC's acquisition of Marimba, Mr. Foster oversaw global public relations. Mr. Foster served as Group Director of Corporate Marketing for Cadence Design Systems, the leading EDA software company (NASDAQ: CDNS: $1.4 billion), and as Director of Corporate Marketing for eSilicon Corporation, a private fabless semiconductor company. In addition, Mr. Foster has ten years of experience in public policy including key roles in the George H.W. Bush White House from 1989 to 1992 as Associate Director of Political Affairs, and in the office of Governor Jim Edgar (Illinois) from 1995 to 1998 as Deputy Chief of Staff. Mr. Foster managed Governor Edgar's successful re-election campaign in 1994. Andy Foster has a Bachelor of Arts degree from Marquette University.
Scott Janssen has over fifteen years of experience in corporate finance and public accounting. He has significant experience in the areas of IPOs, private placement debt offerings and mergers & acquisitions transactions. Prior to joining AE Biofuels, he worked at both public and private technology companies including Avanex (AVNX), ArcSight (ARST), Barcelona Design and Electric Cloud, where he served either as a finance and accounting executive or as a business consultant. Mr. Janssen holds a BS degree in Mathematics from the University of California, Los Angeles and is a licensed CPA in the state of California.
Todd Waltz has served in the capacity of Controller at AE Biofuels since May 2008. His experience covers a range of high-growth, as well as mature and competitive businesses. Prior to joining AE Biofuels, Inc., Todd managed all financial aspects for Apple's Hardware R&D division, and later for the rapid growth Mac and Apple on-line services businesses. Todd was instrumental in implementing the world-wide system for standard and target costing that enabled Apple to manage costs for new products. Previously, Todd worked for Litton Applied Technology where he established a divisional audit program. He received his accounting training in the audit group of Ernst & Young. Todd is a licensed CPA and holds an MBA from Santa Clara University, a MST from San Jose State University, and a BA from Mount Union.
Todd Capser has served as Director of Project Development at AE Biofuels since July of 2007 and is the Project Manager for the company’s next-generation Cellulosic Ethanol Demonstration Plant in Butte, Montana. Prior to joining AE Biofuels, Todd had an extensive political career on Capitol Hill where he served as a legislative aide with expertise in the areas of corporate business and healthcare. He returned to Montana as the Director of the Rocky Mountain Technology Foundation, helping expand Montana's telemedicine network to one of the largest and most advanced in the nation. Most recently, Todd was the State Director for U.S. Senator Conrad Burns. Todd attended the Virginia Military Institute and Rocky Mountain College from where he graduated with a BS degree in Business Administration, and holds an MBA from Vanderbilt University.
As a lifelong corn and soybean farmer, Paul Jeschke brings significant agribusiness experience to AE Biofuels. Paul currently serves as Chairman of Illinois Valley Ethanol (IVE), a wholly-owned subsidiary of AE Biofuels that was founded in 2004. In addition to operating a 3,500 acre family corn and soybean farm, Paul is involved in commercial development. Paul’s wife is a board member of the Illinois Corn Grower’s Marketing Association Board of Directors. Paul helped start a soy food product company, and worked for Agri-Tile, a farm drainage, tilling, and engineering firm. Mr. Jeschke received his BS in Agricultural Science from the University of Illinois.
Mr. Lee is a former corporate associate at Wilson, Sonsini, Goodrich & Rosati, the leading law firm for technology companies in the Silicon Valley. He also served as corporate legal counsel and VP of Acquisitions and Alliances for BarterNet, a consolidator of B2B trading companies, where he was involved in more than 30 acquisitions and alliances. Mr. Lee holds a degree in International Relations from the University of Washington and is a graduate of Stanford University Law School.
Bio forthcoming
Mr. Gupta is an experienced global marketer of specialized chemicals and oils. Previously, Mr. Gupta was in charge of a petrochemical trading company with about $250 Million of annual revenues and offices on several continents, primarily trading products between second and first world sources. Previously, Mr. Gupta was General Manager of International Marketing for Britannia Industries, a subsidiary of Nabisco Brands, in India. Mr. Gupta received an MBA from the Faculty of Management Studies, University of Delhi and holds a bachelors of science (honors) from the University of Delhi.
AE BIOFUELS, INC.
CONSOLIDATED BALANCE SHEETS
|
|
| September 30, |
|
| December 31, |
| ||
|
|
| (Unaudited) |
|
|
|
| ||
| Assets |
|
|
|
|
|
| ||
| Current assets: |
|
|
|
|
|
| ||
| Cash and cash equivalents |
| $ | 107,631 |
|
| $ | 377,905 |
|
| Inventories |
|
| 818,536 |
|
|
| 1,049,583 |
|
| Prepaid expenses |
|
| 21,901 |
|
|
| 110,581 |
|
| Other current assets |
|
| 534,558 |
|
|
| 438,703 |
|
| Total current assets |
|
| 1,482,626 |
|
|
| 1,976,772 |
|
|
|
|
|
|
|
|
|
|
|
| Property, plant and equipment, net |
|
| 18,239,779 |
|
|
| 21,236,604 |
|
| Intangible assets |
|
| –– |
|
|
| 33,333 |
|
| Other assets |
|
| 38,600 |
|
|
| 289,990 |
|
| Total assets |
| $ | 19,761,005 |
|
| $ | 23,536,699 |
|
|
|
|
|
|
|
|
|
|
|
| Liabilities and stockholders' (deficit) equity |
|
|
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
|
| Accounts payable |
| $ | 3,574,672 |
|
| $ | 2,829,117 |
|
| Short term borrowings, net of discount |
|
| 6,242,265 |
|
|
| 4,504,062 |
|
| Registration rights liability |
|
| - |
|
|
| 1,807,748 |
|
| Mandatorily redeemable Series B Preferred stock |
|
| 1,750,002 |
|
|
| 1,750,002 |
|
| Other current liabilities |
|
| 2,109,132 |
|
|
| 1,616,259 |
|
| Current portion of long term debt |
|
| 4,084,013 |
|
|
| 816,738 |
|
| Current portion of long term debt (related party) |
|
| 3,650,819 |
|
|
| –– |
|
| Total current liabilities |
|
| 21,410,903 |
|
|
| 13,323,926 |
|
|
|
|
|
|
|
|
|
|
|
| Long term debt, net of discount |
|
| –– |
|
|
| 3,174,275 |
|
| Long term debt (related party) |
|
| –– |
|
|
| 2,044,691 |
|
|
|
|
|
|
|
|
|
|
|
| Commitments and contingencies (Notes 2,4,7,8,9,14,16 and 18 ) |
|
|
|
|
|
|
|
|
| Stockholders' (deficit) equity: |
|
|
|
|
|
|
|
|
| AE Biofuels, Inc. stockholders (deficit) equity |
|
|
|
|
|
|
|
|
| Series B Preferred Stock - $.001 par value - 7,235,565 authorized; 3,330,725 and 3,451,892 shares issued and outstanding, respectively (aggregate liquidation preference of $9,992,175 and $10,355,676, respectively) |
|
| 3,331 |
|
|
| 3,452 |
|
| Common Stock - $.001 par value 400,000,000 authorized; 86,171,532 and 85,643,709 shares issued and outstanding, respectively |
|
| 86,171 |
|
|
| 85,643 |
|
| Additional paid-in capital |
|
| 36,652,175 |
|
|
| 34,238,925 |
|
| Accumulated deficit |
|
| (36,310,127 | ) |
|
| (27,831,340 | ) |
| Accumulated other comprehensive income |
|
| (1,787,557 | ) |
|
| (1,502,873 | ) |
| Total AE Biofuels, Inc. stockholders (deficit) equity |
|
| (1,356,007 | ) |
|
| 4,993,807 |
|
| Noncontrolling interest |
|
| (293,891 | ) |
|
| –– |
|
| Total stockholders' (deficit) equity |
|
| (1,649,898 | ) |
|
| 4,993,807 |
|
| Total liabilities and stockholders' (deficit) equity |
| $ | 19,761,005 |
|
| $ | 23,536,699 |
|
The accompanying notes are an integral part of the financial statements
1
AE BIOFUELS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
|
|
| For the nine months ended |
|
| For the three months ended |
| |||||||||||
|
|
| September 30, 2009 |
|
| September 30, 2008 |
|
| September 30, 2009 |
|
| September 30, 2008 |
| |||||
| Sales |
| $ | 7,552,938 |
|
| $ | –– |
|
| $ | 4,054,985 |
|
| $ | –– |
| |
| Cost of goods sold |
|
| 7,101,076 |
|
|
| 952,028 |
|
|
| 3,685,366 |
|
|
| 952,028 |
| |
| Gross profit |
|
| 451,862 |
|
|
| (952,028 | ) |
|
| 369,619 |
|
|
| (952,028 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Research and development |
|
| 399,148 |
|
|
| 828,458 |
|
|
| 157,574 |
|
|
| 316,402 |
| |
| Selling, general and administrative expenses |
|
| 4,680,229 |
|
|
| 7,540,720 |
|
|
| 1,256,482 |
|
|
| 1,921,372 |
| |
| Loss on forward purchase commitments |
|
| –– |
|
|
| 532,500 |
|
|
| –– |
|
|
| 532,500 |
| |
| Impairment of long lived assets |
|
| 2,086,350 |
|
|
| –– |
|
|
| 2,086,350 |
|
|
| –– |
| |
| Operating loss |
|
| (6,713,865 | ) |
|
| (9,853,706 | ) |
|
| (3,130,787 | ) |
|
| (3,722,302 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other income / (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Interest income |
|
| 19,526 |
|
|
| 32,544 |
|
|
| 6,565 |
|
|
| 58 |
| |
| Interest expense |
|
| (2,137,212 | ) |
|
| (253,020 | ) |
|
| (692,714 | ) |
|
| –– |
| |
| Other income, net of expenses |
|
| 60,535 |
|
|
| 113,321 |
|
|
| 32,258 |
|
|
| 71,160 |
| |
| Share agreement cancellation payment |
|
| –– |
|
|
| (900,000 | ) |
|
| –– |
|
|
| –– |
| |
| Registration rights payment |
|
| –– |
|
|
| (2,274,402 | ) |
|
| –– |
|
|
| –– |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss before income taxes |
|
| (8,771,016 | ) |
|
| (13,135,263 | ) |
|
| (3,784,678 | ) |
|
| (3,651,084 | ) | |
| Income taxes |
|
| (1,662 | ) |
|
| (21,560 | ) |
|
| –– |
|
|
| –– |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
| (8,772,678 | ) |
|
| (13,156,823 | ) |
|
| (3,784,678 | ) |
|
| (3,651,084 | ) | |
| Less: Net loss attributable to the noncontrolling interest |
|
| (293,891 | ) |
|
| –– |
|
|
| (117,637 | ) |
|
| –– |
| |
| Net loss attributable to AE Biofuels, Inc. |
| $ | (8,478,787 | ) |
| $ | (13,156,823 | ) |
| $ | (3,667,041 | ) |
| $ | (3,651,084 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other comprehensive loss, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Foreign currency translation adjustment |
|
| (284,684 | ) |
|
| 2,537,516 |
|
|
| (180,250 | ) |
|
| 1,090,458 |
| |
| Comprehensive loss, net of tax |
|
| (9,057,362 | ) |
|
| (10,619,307 | ) |
|
| (3,964,928 | ) |
|
| (2,560,626 | ) | |
| Comprehensive loss attributable to the noncontrolling interest |
|
| –– |
|
|
| –– |
|
|
| –– |
|
|
| –– |
| |
| Comprehensive loss attributable to AE Biofuels, Inc. |
| $ | (9,057,362 | ) |
| $ | (10,619,307 | ) |
| $ | (3,964,928 | ) |
| $ | (2,560,626 | ) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss per common share attributable to AE Biofuels, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Basic and dilutive |
| $ | (0.10 | ) |
| $ | (0.16 | ) |
| $ | (0.04 | ) |
| $ | (0.04 | ) | |
| Weighted average shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Basic and dilutive |
|
| 86,087,653 |
|
|
| 84,459,343 |
|
|
| 86,171,532 |
|
|
| 84,935,737 | ||
| AE Biofuels, Inc.
|
|
|
December 2, 2009 - AE Biofuels Signs Agreement to Operate 55 Million Gallon Per Year Ethanol Plant In Keyes, California Company Plans To Deploy Patent-Pending Cellulosic Ethanol Technology at Corn Ethanol PlantOct. 12, 2009 - AE Biofuels and DOE grant partner, Pearson Fuels, featured in San Diego Business Journal Pearson Pumping Out 55 Ethanol Stations for Flex-Fuel CarsAE Biofuels, Pearson Fuels Project Awarded $6.9 Million US Department of Energy Grant Companies to build and supply 55 new E85 fueling stations throughout CaliforniaAE Biofuels To Supply Cellulosic Ethanol To Pearson Fuels E85 Stations in CaliforniaMarch 26, 2009 - AE Biofuels Announces Strategic Agreement With Merrick & Co.June 20, 2008 - AE Biofuels Advisor Peter Pace Receives Medal of Freedom June 12, 2008 - AE Biofuels Announces Plans to Construct a 75 Million Gallon Argentina Biodiesel Plant With DS Group February 19, 2008 - AE Biofuels Builds Integrated Cellulose Ethanol Commercial Demonstration Plant December 18, 2007 - AE Biofuels Completes 50 Million Gallon Biodiesel Facility December 11, 2007 - AE Biofuels Closes Merger December 11, 2007 - AE Biofuels Appoints Lt. General Mike DeLong (Ret.) To Board Of DirectorsDecember 11, 2007 - AE Biofuels Appoints Former ARCO Chemical CEO Hal Sorgenti To Board Of DirectorsJune 26, 2006 - American Ethanol Announces Merger
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