js8787 Southern States Power Company was not a scam company. It was the pioneer of biodiesel on the westcoast Coachella, CA. First biodiesel plant using fats, greases,meat renderings, tallow from McDonalds, Frito-Lay,Taco Bell as feedstock to produce biodiesel. First to sale biodiesel to school districts bus fleets. EPA approved biodiesel look up EPA register biodiesel SSPC is there. SSPC grew the biodiesel sector from it's infancy to was it is today. Please do your DD. Tony was a Director.
MANAGEMENT AND CERTAIN SECURITY HOLDERS OF THE ISSUER
The following parties are officers, directors, or known holders of more than 5% of the issuer's common stock as of August 16, 2002:
Common Stock Percentage of
Name and Address(1) . . Nature of Affiliation Ownership Common Stock Ownership(2)
----------------------- ---------------------------- -------------- -------------------------
Harrison A. McCoy, III. CEO, President, and Director 5,083,333 6.2%
William O. Sheaffer . . VP Sales, Director 3,374,333 4.1%
Anthony K. Miller . . . Director 1,983,333 2.4%
Lawrence W. Taggart . . 5% Holder 7,589,833 (3) 9.2%
(1) Unless stated otherwise, the address of each affiliate is c/o Southern States Power Company, Inc., 4505 Allstate Drive, Suite 108, Riverside, California 92501.
(2) Based on 82,565,777 shares of common stock issued and outstanding as of August 16, 2002. Shares of common stock subject to options that are currently exercisable or exercisable within 60 days of the date hereof are deemed to be beneficially owned by the person holding such options for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.
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(3) Includes 5,408,333 shares of common stock held of record by Covenant Trust, which Mr. Taggart is deemed the beneficial owner.
The issuer is not aware of any person who owns of record, or is known to own beneficially, five percent or more of the outstanding securities of any class of the issuer, other than as set forth above. The issuer is not aware of any person who controls the issuer as specified in section 2(a)(1) of the Investment Company Act of 1940. The Company does not have an investment advisor.
BACKGROUND INFORMATION
HARRISON A. MCCOY, III is a former member of the U.S. Army Corps of Engineers. After serving in Vietnam, Mr. McCoy obtained a BS in Chemical Engineering from Cal Poly - Pomona. He also holds an AS degree in Water/ Wastewater Treatment from San Bernardino Valley College. Mr. McCoy has enjoyed an extensive career in the environment/alternative fuels/engineering/waste management fields. From 1988 until 1992, Mr. McCoy was Executive Vice President of BLI International, a hazardous waste cleanup company. From 1992 until 1994, he was Executive Vice President of Air Duke Australia, a renewable fuel development company. Most recently, Mr. McCoy started and managed Bioenergy Engineering and Technologies Corporation, a consulting company specializing in developing technology and site plans for regional integrated liquid/solid, urban/industrial waste treatment management. Mr. McCoy joined Southern States Power Company in 1999 and was appointed Chief Executive Officer in September 2001.
WILLIAM O. SHEAFFER joined Southern States as Director in 2000, where he also serves as Executive Vice President for Sales, Marketing and Government Relations. He is a cum laude graduate of USC with an MBA from Pepperdine University. From 1996 until 1999, Mr. Sheaffer served as Vice-President of Marketing for Mirachem, Co. From 1999 until joining the Company, Mr. Sheaffer was Managing Director of the Safe-Lube division of Gemtek Products.
ANTHONY K. MILLER the sole outside director of the Company. He also serves as President and a Director of United States Crude International, Inc., a publicly traded company located in Loma Linda, California that specializes in in heavy oil recovery through the use of new technologies. Mr. Miller has worked for United States Crude International since 1996. He brings with him considerable experience in corporate management, and knowledge regarding the operations and requirements imposed on publicly trading companies.
AI
