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GeoBio Energy, Inc. Announces Extension of Purchase Agreement With Colorado Civil Construction Company
Dec 1, 2010 06:00:29 (ET)
SEATTLE, Dec 1, 2010 (GlobeNewswire via COMTEX) -- GeoBio Energy, Inc. (GBOE, Trade ) ("GeoBio"), today announces the extension of the previously announced acquisition agreement of a civil construction company operating in the Piceance Creek Basin of Colorado. The extension calls for closing 90 days after the civil construction company completes one of three new, and expectedly more profitable, master service agreements with major customers.
The civil construction company has a strong reputation in the Piceance Creek Basin and has strong customer relationships with substantial opportunity for growth. Additional growth through expanding the business to all the major operators in the basin as well as other emerging growth shale plays within the lower 48 states, will be a top priority. GeoBio expects that the stellar performance, quality and safety record of the civil construction company will be a significant competitive advantage for GeoBio's platform for growth, when coupled with other potential strategic acquisitions.
Separately, on December 1, 2010, GeoBio completes a recapitalization of its common stock. GeoBio believes this recapitalization is integral to its strategic growth and financing plans.
"We see significant growth opportunities in the natural gas and oil services industry," said GeoBio's President & CEO, John Sams, "and we look forward to growing our business geographically, completing strategic acquisitions and implementing our overall growth strategy."
About GeoBio Energy:
GeoBio Energy's business model emphasizes the acquisition and operation of existing companies in the oil and gas services and energy industry. As oil and gas exploration continue in the face of ever rising demand, preparing and monitoring drilling sites and obtaining peak efficiency and production from existing, aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector. Visit GeoBio's web site: http://www.geobioenergyinc.com/
Media Services by: ValueCorp Communications & www.microcap1.com
Safe Harbor Statement
This Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as GBOE "expects," "should," "believes," "intends," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of GBOE, which could cause actual results, performance or achievements of GBOE to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. GBOE disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks particularly associated with our current business include, but are not limited to the risks associated with our ability to (i) obtain the necessary financing to complete our prospective acquisitions and other targeted companies and to finance our current operations, (ii) generate sufficient revenue and obtain profitability, (iii) obtain additional financing as needed, (iv) manage changes in general economic and business conditions (both generally and in the natural gas and oil services and the energy industry), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) identify and manage risks in connection with acquisitions (viii) evaluate and effect the level of demand and market acceptance of our services and (ix) make necessary changes to our business strategies.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: GeoBio Energy, Inc.
CONTACT: GeoBio Energy Corporation
Investor Relations
Joseph J. Malone
786-375-0556
info@geobioenergyinc.com
www.valuecorptrading.com
In the last paragraph, the article states Abengoa is a public company, how can TRDY now take them public? Please explain.
ABGOF, ABGOY, these are the current ticker symbols for Abengoa.
LOL ........ sounds good to me!
I am very excited about the future of TRDY under Stan Larson .......... How sure are u that Abengoa or one of its subsidiaries will be the new TRDY. 25%? 75%? 100%?.......... I respect your opinion and thanks for the excellent and insightful DD.
I would love to see $1.00 by EOW, or by End of Dec.
Exactly. I couldn't have said it better myself.
I haven't followed GBOE since I saw this stuck at .0001, Do u believe this can regain some traction and be able to sustain a solid Bid in the near future? Will u be selling?
The reason I ask is this is my first R/S. Ive only heard bad things about R/Ss. I hope, at worst, I might be able to sell before it drops back down to .0001.
I am an Etrade customer with a couple million shares, How do you suggest we play this R/S?
That is referring to the expected 10Q and 8K.
ALL FORM 4's WERE RELEASED DURING REGIULAR TRADING HOURS. THEY WERE RELEASED JUST PRIOR TO THE GAP UP TO .024.............. GIVE UP PIPBOY, NO MORE CHEAPIES LEFT !!!!!!!!!!!!!!!
POWER HOUR SHOULD BE CRAZY AS THIS MASSIVE SHORT SQUEEZE BEGINS..... TOMMORROW WILL BE GRRRRRRRRRRREAT!!!!!!!!!
Perhaps this is TRDY closing the door on the past and preparing for the new larson enterprise...... BIG $$$$$ COMING !!!!!!!!!
What happened to trdy energy?
I totally agree, Hurry up with the damn filings!
Slow morning so far... Looks like everyone is holding ahead of sec filings.
How are the MMs bids stacked this morning... Could someone send an L2 link?
Today could be EPIC.....I'm glad ive been adding to my position over the last 3 weeks.... Should be a WILD ride !!!!!!!
30 Minutes left.......... %)
Where did u find this?
Has anyone heard from Stan today? IMO we could see the expected filing AH.
I expect a strong move upward during POWER HOUR.
Im satisfied with my current position after adding this morning, now just waiting for the 10Q.
Wow.....095.....!!!!!!!!!
Sorry, It was only a momentary attempted shakedown....LOL
WTF, just gapped down from .0149 to .0111!!!!!!!!!1
WOW, it looks like someone is ready for the BIG BOUNCE !!!!!!
I got me order in! Ready to get me another piece of that ASK!
Can we expect a bounce-back Friday? Or will it be another sell-off half-day to end the week?
Any truth to the rumor about 3-week delay in filing 10-Q posted on yahoo message boards?
Monday is the most likely option ....
No new TRDY filings as of yet. Hopefully we will hear something TODAY.
I truely hope not.
Just to clarify, Individuals were told we would have the filing(s) before the open tommorrow?
holding..STAN LARSON confirmed that auditor communication is the holdup... resolution soon...holders of shares will be WELL REWARDED...\\
When is soon? Today? Next week? Next Month?
I'll be looking for your 1.5 million block on the L2. Good luck with your next play.
This is gonna get ugly early, Etrade showing Bid @.0092, Ask @.0095.... I think we bounce back after the initial panic selling.
I'm still waiting on my $0.75 per share.
If they filed the 10-Q late last night, we should see it posted at 6 a.m. central time, right?
I love all the panic, more cheap shares for me!!!!!!!!!!