GeoBio Energy, Inc. Engages I-Bankers Securities, Inc. as Placement Agent to Raise up to $20 Million
March 17 2010 - 6:30AM
GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio" or the "Company")
today announced that it has engaged the financial advisory and
placement agent services of I-Bankers Securities, Inc.
("I-Bankers") to assist in raising financing for the implementation
of the Company's growth strategy, including acquisitions of
businesses in the natural gas and oil services. GeoBio is currently
planning to raise up to $20 million in capital financing over the
next 3 months, in connection with closing two (2) proposed
acquisitions in the oil and natural gas services industry.
GeoBio is finalizing the terms of the stock purchase agreement
relating to the acquisition of (i) Farmington, New Mexico based
H&M Precision Products, Inc. ("H&M") (originally announced
by GeoBio on November 13, 2009), and (ii) a Colorado based civil
construction company operating in the natural gas
industry. GeoBio is currently working on completing both
transactions within the next 90 days.
Lance Miyatovich, Chief Executive Officer of GeoBio, states, "We
look forward to working with I-Bankers, which has a proven track
record of financing businesses in the natural gas and oil industry,
to lead the financing efforts for our expansion strategy. We
believe that I-Bankers enables us the best opportunity to finance
our planned acquisition of H&M and certain other opportunities
we are currently considering. We anticipate this partnership
will enable us to close the initial stages of our plan to acquire
and consolidate oil and natural gas service and support businesses
during the current year. Ultimately, we expect to provide
natural gas and oil companies solutions highly adapted to different
operating conditions and problems so as to maximize extraction and
production from various petroleum based fuel sources."
For more information on I-Bankers Securities, Inc., please
contact James Bell at (212) 713-0660 or go to: www.ibsgroup.net
About GeoBio Energy:
GeoBio Energy's business model emphasizes the acquisition and
operation of existing companies in the oil and gas services and
energy industry. As oil well and gas exploration continues in the
face of ever rising demand, identifying new gas production sites
and obtaining peak efficiency and production from existing, aging
wells becomes increasingly important. GeoBio believes these
issues to be the principal challenges and opportunity in its
strategy to combine and consolidate companies in the oil and
natural gas services sector. Additionally, the company is
working to develop more efficient and alternative methods for
handling existing resources in this sector in order to realize
greater efficiencies and provide efficient, green technology
services, where and when available.
About I-Bankers Securities, Inc.
I-Bankers Securities, Inc. is a boutique investment bank that
has led or co-managed over 65 transactions, including approximately
$3.5 billion of equity offerings. Founded in 1996, the firm has
offices in New York, London, Amsterdam, Milan, Como, Lugano,
Melbourne, Ft. Lauderdale, and Santa Monica.
I-Bankers Securities has extensive institutional placement
capabilities, particularly internationally. The firm's offerings
are placed with institutions in Europe, Asia, and the United
States.
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including, but not limited to risks associated with our ability to
(i) increase revenues, (ii) obtain profitability, (iii) obtain
additional financing, (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.
CONTACT: GeoBio Energy Corporation
Investor Relations
Joseph J. Malone
786-375-0556
GBOEinfo@smallcap1.com
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