Aug. 11, 2009 (U.S. Equity News) --
Alternative Energy industry alert provided by U.S. Equity News. Ethos Environmental, Inc., (OTCBB: ETEV), a San Diego-based manufacturer of fuel reformulating products, announced that it has retained Strategic Growth International, Inc. ("SGI"), to perform global investor-relations functions to increase awareness of Ethos in the investment community. Corey P. Schlossmann, President and CEO of Ethos, stated, "As we continue to expand our business and achieve our operating milestones, we look forward to sharing our progress with the investment community worldwide. As an emerging green company, we want to be represented internationally by a major investor relations firm that is well known and respected by investors world-wide. SGI's expertise will help us to identify institutions internationally that recognize the value of our competitive advantage and the beneficial impact of our products." Leading the account for SGI is Richard Cooper, Chairman and co-founder of Strategic Growth International.
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Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) announced today its financial results for the quarter ended June 30, 2009. Green Plains reported revenues of $284.7 million, a 29% increase over the first quarter of 2009, and net income of $0.6 million, or $0.03 per share, for the quarter. "Our strategy of diversification within the ethanol value chain has worked well and allowed Green Plains to report a profitable second quarter," said Todd Becker, President and Chief Executive Officer. "We had positive operating income from all of our business segments in the second quarter, led by a strong contribution from Agribusiness. We experienced solid improvement in ethanol margins during May and June and believe the Ethanol Production segment will continue to show improving margins during the second half of 2009." "As expected, we reported strong results from the Agribusiness segment during the second quarter. This was a result of excellent margins from fertilizer sales and agronomy services and strong revenues from grain handling. With the excellent crop conditions in Iowa, we are looking forward to the potential contribution the fall harvest could have on our earnings in the fourth quarter," stated Becker.
New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) announced that it has closed its previously announced registered offering of 3,044,381 shares of its common stock (the "Shares"), par value $0.001 per share ("Common Stock"), and warrants (the "Warrants") to purchase 608,876 shares of Common Stock (the "Offering"). The Shares and the Warrants were sold in units ("Units") at a price of $1.05 per Unit, with each Unit consisting of one share of Common Stock and a Warrant to purchase 0.20 shares of Common Stock at an exercise price of $1.60 per share.
