SEATTLE, May 21, 2009 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOE), d/b/a Plastics Conversion Technologies, Inc. (PCT or "the Company"), a Colorado based plastics cleaning, separation, and recycling company, today announced the formation and membership of its new Business Advisory Council. Given the technical nature of the company's plastics cleaning/recycling process, the varied markets for PCT's products and its multiple potential sources of revenue, PCT feels this group will bring tremendous value to shareholders and to the Company's operational management. Specifically, PCT expects the council to be able to provide highly useful strategic advice relative to the various commercial, government and technical issues PCT must deal with, including input and connections to the various markets to which PCT will sell.
"We hope to continually capitalize on the many years of deep business experience and distinguished professional backgrounds of each of the members of this group," said Gary De Laurentiis, PCT founder and COO. "I've had the pleasure of working with all of them in different businesses over the past twenty years, and I know personally the positive impact they can have on PCT and our plastics cleaning subsidiary EnviroPlastics, Inc. We're flattered that they're all willing to participate in the Council with us, and know that they'll add substantially to the company's overall value and operating achievements."
Members of the new council include:
Mr. Mike Schermm, Savvy Business Matter, LLC. Mr. Schermm, with a Master's degree in Environmental Engineering from Purdue University, brings over 32 years in the chemicals and plastics industry (including 14 years with Union Carbide and 14 years with Solvay Polymers) to PCT. Mike has management and leadership experience in nearly every operational aspect of the plastics business, including research and development, safety and environment, manufacturing operations management, supply chain and logistics, and commercial relationship management.
Mr. Andrew Kegler, Plastics Conversion Technologies, Inc., CTO. Mr. Kegler holds 9 U.S. patents for equipment design, and brings the company and the Council over twenty years of experience in the field of mechanical engineering, as well as years of proven leadership with diverse groups of technical personnel. Most significant is his long experience in design and development of advanced plastic recycling systems. Mr. Kegler's expertise also includes work with multiple industrial design software systems; design and manufacturing experience in pressure vessels, thermodynamics, and plastic injection molded parts; and process/program management experience in power and chemical processing plants. Mr. Kegler holds a degree in Mechanical Engineering from Roger Williams University.
Mr. George Larson, George H. Larson and Associates. Mr. Larson is an environmental consultant, and a registered lobbyist in the State of California representing a major national solid waste management firm. He is also an equity owner in a plastics technology company developing a proprietary process to convert waste plastic into ultra-low sulfur diesel fuel.
Mr. Stephen Pasterski, of A&R Logistics. Mr. Pasterski has over thirty years of operational experience in organizing supply chain management and developing new markets for plastics. He has worked with virtually every major manufacturer in the petrochemical business, and has a demonstrated history of achievement in import-export, warehousing, and intermodal transportation of plastics of all descriptions. He has a degree from Cal State Fullerton.
About Plastics Conversion Technologies:
Plastics Conversion Technologies is a plastics recovery, separation, cleaning, and recycling company. It was formed in 2009 via the merger of GeoBio, Inc. and EnviroPlastics, Inc., with the intent to supply recycled commercial plastics to industries such as the automotive and consumer products industries, and it plans to construct large-scale plastics recycling facilities near automotive shredder locations nationwide. Operating in conjunction with large national metal recycling partners (see "Strategic Partners"), the company, using a patent-pending process developed by EnviroPlastics, will produce recycled commercial grade plastics ready to be re-introduced into commerce. Additionally, in conjunction with other Strategic Partners, PCT will convert waste and scrap plastic (both from its own processing and from other sources) into high-value energy products, including synthetic oil. For more information, please go to: www.enviroplasticscorp.com.
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"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. GEOBIO disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by GEOBIO with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) obtain additional financing, (ii) generate revenues, (iii) obtain profitability, (iv) manage changes in general economic and business conditions (including in the asset management and asset tracking industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) evaluate the level of demand and market acceptance of our services and (x) make necessary changes to our business strategies.