ALL Fuels & Energy Co. (AFSE.PK) reported recently that its President Dean Sukowatey, was interviewed by Market News First (www.mn1.com).
In the audio interview, Mr. Sukowatey commented that:
1) The AFSE Management Team has 80 years of Ethanol Experience
2) AFSE is focused on proven technology, mirroring the technology that is in place at the Ace Ethanol plant in WI., that has been up and running since 2002. The plant uses “high efficiency dryers”, for example.
3) AFSE has applied for re-listing on the OTC Bulletin Board, as AFSE is a reverse merger.
4) The Ethanol Industry has seen some consolidation. Industry consolidation represents a good business opportunity for an aggressive firm like AFSE
5) The Ethanol business is at its core a risk management business, covering several variables such as corn acquisition.
6) The Ethanol business is a profitable business. Profit margins in the past have been lofty. Profit margins of 25-30 Percent are realistic in the Industry
ALL Fuels & Energy Company (AFSE.PK) 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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