FAT CATS

[lady*b]

SYNM 1.49: Syntroleum receives $12 mln in committed equity financing (SYNM) 1.49 : Co announces that it has entered into an agreement with an affiliate of Fletcher Asset Management which requires Fletcher to purchase $12 mln of Syntroleum common shares over the next 24 months pursuant to its existing shelf registration statement. The issuance of the securities is subject to certain closing conditions. Under the terms of the agreement, Fletcher will make an initial $3 mln investment within the next six months at the market price of Syntroleum common stock plus $0.60 per share. If that market price equals the November 16, 2007 closing price of $1.49 per share, shares would be sold at a premium of 40%.