20.2.2008: Meldung: Earth Biofuels Subsidiary Signs Supply Agreement

Earth Biofuels, Inc. today announced that its subsidiary, Applied LNG Technologies, Inc. (“ALT”), has executed a new three year supply agreement to sell and deliver liquefied natural gas (“LNG”) to SYSCO Food Services of Los Angeles, Inc., a subsidiary of SYSCO Corporation.
As is the case with its numerous other West Coast customers, ALT will deliver the LNG from its plant in Topock, Arizona to SYSCO of Los Angeles for use in SYSCO’s fleet of delivery trucks.
Robert Kidder, Manager of Fleet and Facilities for SYSCO Foods of LA, stated, “Signing this long term contract with ALT provides us a secure source of LNG at costs significantly lower than diesel prices.”
ALT’s Vice President of Operations, Kevin Markey, said, “This long term agreement gives ALT the opportunity to continue our relationship with an outstanding group like SYSCO Foods of LA that is dedicated to natural gas fuel alternatives.”
Transportation grade LNG helps companies meet strict emission standards in the state of California. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles.
About Earth Biofuels
Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson"s brand name, "BioWillie®." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company"s website is www.earthbiofuels.com.
Forward-Looking Statements Disclosure
This press release may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” “will,” and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the “safe harbor” provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company’s anticipated results, projections, or other expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

Contact:
Earth Biofuels, Inc.
Investor Relations:
Shawne Horn, 866-765-4940
press@earthbiofuels.net

Source: Earth Biofuels, Inc.
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