Earth Biofuels, Inc. (OTCBB: EBOF) today announced that its subsidiary, Applied LNG Technologies, LLC (“ALT”) has renewed its contract to provide the City of Long Beach, California with liquefied natural gas.
The City of Long Beach utilizes liquefied natural gas (“LNG”) as transportation fuel for its municipal fleet of approximately 200 natural gas-powered vehicles. The City currently uses approximately 10,000 gallons of LNG per week.
“We are pleased to continue the relationship with ALT,” stated Erik Sund, purchasing agent for the City of Long Beach. “ALT has provided LNG to Long Beach since 2003 and this contract renewal ensures that our city will continue to utilize clean burning, domestically produced fuel for our fleet vehicles.”
The City of Long Beach’s commitment to alternative fuels and sustainable practices via ALT has resulted in a 25% decrease in fuel cost for LNG vehicles. The City of Long Beach currently maintains a LNG fleet of 70 vehicles ranging from sweepers, dump trucks and asphalt patch trucks. In addition, Long Beach’s LNG units have contributed to a 15 to 20% reduction in greenhouse gas emissions over equivalent diesel engines.
ALT’s Vice President, Kevin Markey, said, “We are pleased to continue working with the City in its efforts to provide LNG to its municipal fleet and look forward to contributing to Long Beach’s ‘green’ initiatives.”
About the Company
ALT LNG produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's Web site is www.altlngusa.com.
Earth Biofuels endeavors to produce and distribute 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 Web site 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.
Contacts:
Shawne Horn, 214-389-9800
Media &
Investor Relations
investors@earthbiofuels.net
