Consolidated Biofuels, Inc. Announces New CEO
May 02 2006 - 10:08AM
Business Wire
Consolidated Biofuels, Inc. (OTC: CSBF), an alternative fuels
company, announced today the appointment of Daniel L. Honeycutt as
President and Chief Executive Officer. The Company has recently
accepted the resignation of Jim Blair and appointed Daniel
Honeycutt, its current Secretary, as President and Chief Executive
Officer. Mr. Honeycutt states, "Our corporate focus is to position
ourselves as an alternative fuels resource mostly related to, and
supplying, the commercial transport industry, including waterways.
It will be many years before any alternative fuel/engine technology
other than biodiesel is developed that will move 80,000 lbs of
goods at 75 mph over sustained distances. Moreover, the
transportation infrastructure would have to be totally reconfigured
to accept any now non-existent technologies to facilitate the
coast-to-coast movement of goods. I believe that aligning our
business strategies, research, consulting and solutions with the
needs of the transportation industry offers Consolidated a
long-term and enduring marketplace for the development of strategic
partnerships, relationships, and sustained profitable growth in the
commercial transportation industry." Mr. Honeycutt has extensive
experience in equity capital funding, and in venture capital
procurement, having spent the past 28 years facilitating and
raising investment capital for his own and other enterprises. Mr.
Honeycutt further states, "I absolutely appreciate the contribution
of Jim Blair in moving Consolidated to its present position and
acknowledge the fact that we have both committed to a continuance
of our professional relationship in the future." For further
information visit: http://www.consolidatedbiofuels.com This press
release contains some forward-looking statements. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise. Forward-looking statements in this document should be
evaluated together with the many uncertainties that affect our
business.
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