Maybe they're thinking this move with Perry might help with all of that avaiation goodness.
Earth Biofuels Acquires Ownership in American Petrox, Inc.
12 February, 2009
Earth Biofuels, Inc. (Other OTC:EBOF.PK - News) (the "Company'') today announced it has acquired a 40% ownership stake in American Petrox, Inc. ("API''), based in Plano, Texas.
API is a fuel supply company specializing in the supply of gasoline and diesel fuel to the aviation industry. API has supplied aviation companies such as American Airlines, Delta Airlines, and Continental Airlines with fuel for ground equipment and vehicles at DFW International Airport.
API was formed in 1999 by Mr. David L. Perry, its President and Chief Executive Officer. Mr. Perry is a Vietnam Veteran and served eight years in the U.S. Air Force.
While serving in the U.S. Air Force, Mr. Perry was responsible for fuel procurement and a 485 mile pipeline distribution operation in Spain. He also served as project manager for "Project Greenleaf,'' the power generation operations for the U.S. Air Force in Vietnam; based on performance, Mr. Perry received the Air Force Commendation Medal. Mr. Perry received many Outstanding Organizational Medals and Awards. Based on his performance at Dyess Air Force Base, "time in grade'' was waived for one of Mr. Perry's promotions. At Vandenberg Air Force Base, he was instrumental in the 4932 CAMS squadron received their first satisfactory ORI inspection from the Strategic Air Command.
Mr. Perry has previous experience in power generation technologies, including serving as President and CEO of Vega Power Resources, who worked closely with Cummins Power Generation, a wholly owned subsidiary of Cummins Engine Company. He has over 30 collective years experience in power generation and fuel supply businesses. Mr. Perry shall remain as President and CEO of American Petrox, Inc. and control its day to day operations.
Earth Biofuels CEO, Dennis McLaughlin, said, "David Perry is truly an American hero. In addition to the courage he demonstrated in his service to his country during the Vietnam War, he has continued to give back to his community and his country. I am truly honored to be associated with a man of his character and conviction.''
API is minority-owned, and is a service connected disabled veteran-owned small business, as listed with the U.S. Central Contractor Registration ("CCR'') and the U.S. Small Business Administration.
Earth Biofuels plans to leverage API's knowledge and relationships within the aviation community in order to pursue the sale of biofuels for use in aviation ground equipment, starting at DFW International Airport. Additionally, API will pursue biofuels supply contracts with the U.S. Defense Supply Center, which supplies fuel to all military bases and facilities. API will also leverage relationships it has within the power generation industry to pursue biodiesel fuel supply contracts for diesel-fueled power generators.
The "Procurement Program for Service-Disabled Veteran-Owned Small Business Concerns,'' as outlined in the Federal Acquisition Regulation ("FAR'', 48 CFR Chapter 1), provides for set-aside and sole source procurement authority for service-disabled veteran-owned small business concerns. This rule pertains to procurement by U.S. agencies such as the Department of Defense, the General Services Administration, and the National Aeronautics and Space Administration.
