ALL Fuels & Energy Company (AFSE.PK), an ethanol production company recently reported that its board of directors had approved the company’s move to apply for reinstatement on Nasdaq’s OTC Bulletin Board.
“We are excited to move closer to our ultimate goal of liquid markets and shareholder value as we complete our acquisition and build to 500 million gallons per year of ethanol production,” said Dean Sukowatey, President of ALL Fuels & Energy Company
ALL Fuels & Energy Company (AFSE) recently acquired ALL Energy Company, a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products.
AFSE has adopted the business plan of ALL Energy Company.
To date, AFSE has: obtained $2 million in private equity funding;
purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa;
signed a five-plant engineering and design agreement with Delta-T Corporation (Delta-T is a Virginia-based company with over twenty years of experience in the ethanol industry that management believes possesses superior expertise and superior technologies in the ethanol production space);
engaged Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility;
engaged Yaggy-Colby to handle air-related environmental matters relating to the proposed Manchester ethanol production facility;
and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities, including Ace Ethanol.
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