Geobio Energy (fka GBOE)

[beach_trades]

GeoBio Energy, Inc. Update on Recent Corporate Capital Restructuring and Business PlanFont

12/7/10 | GlobeNewswire
GeoBio Energy, Inc. (Pink Sheets:GBOED) ("GeoBio"), today announces that it is pleased with its current progress implementing its business plan. On December 1, 2010, GeoBio completed its planned 5,500:1 reverse recapitalization of its common stock. GeoBio believes this recapitalization is integral to its strategic growth and financing plans, and confirms that its current issued and outstanding common stock following the recapitalization is 2.4 million shares (2,486,314).

GeoBio believes this recapitalization is integral to its strategic growth and financing plans. In response to increased market activity the Company wishes to advise shareholders that it is not aware of any material operating event behind the unusual trading activity on its shares.