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US BioTec Inc (USBC)

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Last Post: 5/11/2020 7:54:56 AM - Followers: 2 - Board type: Free - Posts Today: 0

US BioTec Announces Initial Step for Entering Bio-Diesel Market US BioTec, Inc. (PINKSHEETS: USBO), an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn and garden, and golf course products, announces today it has tendered an acquisition proposal to acquire "Biofuel of Tennessee LLC" an existing bio-diesel manufacturing operation. The bio-diesel operation is capable of processing bio-diesel or B-100 from soy oil, canola oil or animal fats. "We were impressed with the sophistication of their fuel formulation technology and the plant is equipped and set-up with new cutting edge equipment. The plant is a combination of German, English and American engineering," states Jimmy Joyner, CEO of USBO. "The plant is less than one year old and presently has an estimated annual bio-diesel capacity of 10,000,000 gallons and we can economically expand this volume to approximately 14 million gallons. "After several months of due diligence dedicated toward evaluating the aspects of acquiring the PHS Group, USBO management and consultants agreed the acquisition of a bio-fuel company was a better fit with the USBO's core products than acquiring a petroleum refinery with significant debt. The bio-fuel concept was even more popular than the small refinery deal among the Company's possible financing candidates, as indicated by the interest USBO has received from investment bankers in NYC about this and other biotech related projects. We are now conducting the due diligence necessary to secure funding and develop strategic alliances for this bio-diesel operation," concludes Mr. Joyner. Timing for the Company's entry into the bio-fuel industry is well planned as bio-fuels is a hot stock sector and is receiving tremendous interest from various types of investment entities. Government programs promoting the bio-fuels of ethanol and bio-diesel is a well received benefit for manufacturers of these fuels. Government subsidy payments and tax credits combine to provide approximately $1.10 per gallon of total benefits for bio-diesel production. All these factors from the private and government sectors provide validity that these types of eco-friendly and "home grown" fuels are the "new generation" of fuels for America. The strategic and financial advantages offered to an agriculturally oriented biotechnology company such as USBO through the opportunity to enter the emerging bio-diesel and ethanol markets in their initial stage of growth is readily apparent. The new opportunities this change of fortune offers through new advanced technology, and restructured government incentives, combined with an ecologically minded society, provide uniquely exciting possibilities that form a win-win-win scenario for US BioTec Products, the Producers of America's food, fiber and grain, plus the ecological benefits for the United States as a nation. Company Website http://www.usbioteccorp.com US BioTec currently has 32,838,495 shares outstanding. US BioTec, Inc Suite 105, 105 Mill Street Gleason, TN 38229 Tel: (713) 894-1503 E-mail: info@usbiotec-corp.com
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#72   Grey to pink jchords 05/11/20 07:54:56 AM
#71   The final kiss of death holdceoaccountable 06/24/07 07:43:50 AM
#70   1:85 reverse split that's what I am repoman 06/20/07 02:36:13 PM
#69   symbol change ? usbc.pk repoman 06/20/07 09:16:22 AM
#66   where did you learn this ? repoman 03/30/07 05:14:04 PM
#65   That is my hope. They just purchased race10 03/30/07 04:16:04 PM
#64   maybe some life in this stock repoman 03/28/07 12:26:42 PM
#63   Good luck to you and good bye. SPARK 02/15/07 03:08:58 PM
#62   I sold the last of my position - veritas-twj 02/15/07 10:41:24 AM
#61   bid falling apart .04 repoman 02/15/07 10:11:58 AM
#60   I am very concerned about the extent of veritas-twj 02/11/07 09:35:16 AM
#59   a loud and very lengthy YAWN holdceoaccountable 02/07/07 01:55:55 PM
#58   looks like the dumping has stopped, at least repoman 01/22/07 07:10:44 PM
#57   trying to add today, haven't gotten filled yet. repoman 12/29/06 12:13:29 PM
#56   The Pink Sheet numbers for shares outstanding and veritas-twj 12/27/06 10:25:00 PM
#55   I think so also Repoman. There was some holdceoaccountable 12/27/06 04:06:24 PM
#54   I would like to know the # of repoman 12/27/06 03:44:46 PM
#53   Does anyone actually know for certain how many holdceoaccountable 12/27/06 02:12:18 PM
#52   Shame, i spoke with the owners of this acer88 12/19/06 12:25:18 PM
#51   Float was 10 mil approximately, volume seemed high repoman 12/19/06 08:40:46 AM
#50   Any ideas on where all of the trading veritas-twj 12/19/06 07:50:33 AM
#49   I was expecting something really ugly, so although holdceoaccountable 12/15/06 05:54:32 PM
#48   OBSERVATIONS: 1. The 2.6 million shares traded on mket01 12/15/06 12:17:51 PM
#47   Sales $1-2 million annually, no cash, modest losses, veritas-twj 12/15/06 11:58:04 AM
#46   mildtrans - I did find on Google that veritas-twj 12/15/06 11:44:34 AM
#45   FINANCIALS ARE OUT! See my previous post! mket01 12/15/06 10:06:17 AM
#44   To expand your view point: USBO's press release mket01 12/15/06 09:57:21 AM
#43   can anyone explain the T(F) sale T form repoman 12/15/06 09:39:17 AM
#42   holdceoaccountable - I am a "voice of reason" veritas-twj 12/14/06 11:36:59 PM
#41   I did mail USBO today and asked some clarification. mildtrans 12/14/06 08:38:36 PM
#40   Veritas-twj as always remains the voice of reason, holdceoaccountable 12/14/06 06:10:33 PM
#39   Dilution through the issuance of a large amount veritas-twj 12/14/06 05:32:13 PM
#38   I have been thinking all along about dilution repoman 12/14/06 05:16:53 PM
#37   I have the same questions as you. But holdceoaccountable 12/14/06 02:39:03 PM
#36   Hello. I am new here but I've mket01 12/14/06 02:02:38 PM
#35   US BioTec Announces Initial Findings of Due Diligence veritas-twj 12/14/06 10:21:26 AM
#34   News Out http://biz.yahoo.com/iw/061212/0191374.html repoman 12/12/06 08:32:33 AM
#33   looks like I missed the time to load repoman 12/11/06 10:01:32 AM
#32   Patience is a virtue. Just remember to veritas-twj 12/07/06 03:31:40 PM
#31   looks like .05 may be the bottom again repoman 12/07/06 01:52:41 PM
#30   so many shares out there, this is getting old repoman 11/14/06 03:24:05 PM
#29   holdceoaccountable I sold one-third of my holdings in September veritas-twj 10/27/06 06:46:10 PM
#28   veritas-twj holdceoaccountable 10/27/06 05:16:38 PM
#27   i tried buying at the bid from .06-.10 repoman 10/06/06 03:08:39 PM
#26   Repoman, I think there is currently a tug-of-war veritas-twj 10/04/06 08:45:23 AM
#25   watching this trade on L2 is amazing. repoman 10/03/06 08:29:04 PM
#24   Pages 16 and 17 of the 27 Sept. holdceoaccountable 09/30/06 03:58:25 PM
#23   Agreed. veritas-twj 09/30/06 01:57:59 PM
#22   Nope, puff pieces are done moving this stock. holdceoaccountable 09/29/06 04:56:26 PM
#21   Form 15c211 once this is filed this week repoman 09/17/06 09:47:23 AM
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