Exhibit 99.9
Former Arizona State Senate President Ken Bennett Becomes CEO of GeoBioEnergy, Inc.
Vertically Integrated “Plant to Pump” Strategy fits well with 20 Year Oil Veteran and Former State Senator
Arizona--(BUSINESS WIRE)—GeoBioEnergy, Inc. (OTCBB:GBOE) (“GeoBio” or the “Company”) today announced the appointment of Ken Bennett as Chief Executive Officer of the Company. GeoBio is a company dedicated to the development of clean, renewable energy through the distribution, production, and growth of renewable, economic fuels that have the potential to be both environmentally friendly and to promote energy independence. Mr. Bennett is currently the CEO of GeoAlgae, Inc., which GeoBio intends to acquire prior to the close of March 2008.
Senator Ken Bennett has more than twenty years of experience in the fuel and oil distribution industry including expertise and experience in management, marketing, finance, and government affairs. To see additional detail regarding Mr. Bennett’s experience, please go to:
http://www.geobioenergy.com/index.php?option=com_content&task=view&id=41&Itemid=72
Bennett commented, “I am very excited about this opportunity with GeoBio Energy. As the former CEO of a 3rd generation fuel distribution company, Bennett Oil, I had already begun to promote and offer biofuels to our customers, as an alternative to petroleum fuels. It is this choice that GeoBio Energy wants to offer all Americans as we push toward energy independence and environmental responsibility. We expect that our Plant to Pump strategy that vertically integrates distribution, production and feedstock development will be both economical and achievable.”
About GeoBio Energy:
Through a vertical integration strategy GeoBioEnergy intends to become a plant to pump solution in the quest for energy independence and a cleaner environment. The company’s business model emphasizes the acquisition of existing, profitable wholesale distribution companies, with the goal of increasing profitability through economies of scale and introducing available, alternative fuels to their customers. Additionally, the company is working to develop and grow feed stocks for the production of low cost, alternative fuels that will not compete with acreage or resources dedicated to food crop production. GeoBio intends to focus on algae as a feed stock that, when produced on a commercial scale, has the potential to provide both a low cost non-competitive to food feed stock for the production of biofuel and offers a commercial scale solution for CO2 sequestration and other environmental challenges.
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