Xethanol Engages Dr. Rom Papadopoulos to Seek Growth Opportunities for the Company
June 11 2008 - 8:30AM
Business Wire
Xethanol Corporation (AMEX: XNL), a renewable energy company, today
announced that it has engaged Dr. Rom Papadopoulos to explore
growth alternatives for Xethanol�s business. Those alternatives
include mergers and acquisitions, investments, and new product
lines in renewable energy. Dr. Papadopoulos will work as a special
advisor to Xethanol�s CEO and President, David Ames. Dr.
Papadopoulos has over twenty years of investment/merchant banking
and entrepreneurial experience. He is the founder and managing
partner of The Intuitus Group LLC, a merchant banking firm based in
Atlanta. He has extensive international experience in capital
raising activities with corresponding deal sizes of $10 to $50
million and buy or sell side M&A transactions with deal sizes
up to $250 million. Dr. Papadopoulos also has contacts within the
private equity, venture capital and financial communities, as well
as the chemical, energy and pharmaceutical/biotech industries. He
is on the Advisory Board of Caymus Partners, a middle market
investment banking firm based in Atlanta and New York Dr.
Papadopoulos is experienced in business start-ups, patent and
intellectual property protection and strategies, business
development and expansion, licensing, strategic planning, marketing
and operations. David Ames, President and CEO of Xethanol, said,
�As we evaluate strategic opportunities to grow the company and
increase shareholder value, we believe that Dr. Papadopoulos�
extensive experience will help us evaluate the best course for the
company. His knowledge and expertise of the global and national
energy industry will be instrumental in determining our ongoing
growth strategies.� About Xethanol Corporation Xethanol Corporation
is a renewable energy company focused on alternate energy products
and technologies as well as producing ethanol and other
co-products. Xethanol may invest in various renewable energy and
clean technologies, including biomass gasification for electricity
production, wind power, solar power, energy storage, energy
infrastructure, energy efficiency, waste recycling and agricultural
processes. Xethanol has research agreements in place, including
several aimed at efficient production of cellulosic ethanol. The
company is working with some of the nation�s leading scientific
institutions, including the National Renewable Energy Lab in
Golden, Colorado; Virginia Tech in Blacksburg, Virginia; the USDA
Forest Products Lab in Madison, Wisconsin; and the Energy and
Environmental Research Lab in Grand Forks, North Dakota. For more
information about Xethanol, please visit its website at
http://www.xethanol.com. Forward Looking Statements Some of the
statements made in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management�s current expectations and
include known and unknown risks, uncertainties and other factors,
many of which the company is unable to predict or control, that may
cause the company�s actual results or performance to differ
materially from any future results or performance expressed or
implied by such forward-looking statements. These statements
involve risks and uncertainties, including risks and uncertainties
associated with whether Dr. Papadopoulos will be successful in
assisting the company in its strategic initiatives. These risks and
uncertainties are in addition to other factors detailed from time
to time in the company�s filings with the SEC, including the
section entitled �Risk Factors� in its annual report on Form 10-K
for the year ended December 31, 2007. The company cautions
investors that any forward-looking statements made by the company
are not necessarily indicative of future performance. The company
is not responsible for updating the information contained in this
press release beyond the published date, or for changes made to
this document by wire services or Internet services.
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