SOURCE: Capital Group Communications, Inc.

March 13, 2007 12:30 ET

Better Biodiesel Signs Letter of Intent With Cardwell Distribution to Sell up to 15 Million Gallons Per Year: Cardwell Takes First Delivery of Better Biodiesel Fuel

SALT LAKE CITY, UT -- (MARKET WIRE) -- March 13, 2007 -- Ewire -- Better Biodiesel, Inc. (OTCBB: BBDS), a producer of biodiesel fuel employing proprietary biodiesel-production technology ("Better Biodiesel" or the "Company"), today announced that the Company has signed a letter of intent with Cardwell Distribution, Inc., a distributor of fuel products ("Cardwell").

Assuming successful completion and execution of a definitive agreement, Cardwell will have the right to purchase a minimum of 500,000 gallons of the Company's biodiesel production per year for three years, with an opportunity to increase its demand to 15 million gallons of Better Biodiesel's fuel per year.

In addition, Better Biodiesel announced that it completed an initial sale of ASTM-D6751-standard biodiesel fuel to Cardwell, which Cardwell received earlier this week.

Founded in 1964, Cardwell, based in Midvale, Utah, is a leading regional direct distributor of lubricants, motor fuels and fleet fueling services whose network reaches over 3,000 customers in Utah, Wyoming, Colorado, Idaho and Nevada. Its customers include Shell, Chevron, Sinclair, Flying J and Tesoro.

"Cardwell is a big believer in the future of the biodiesel market," said Bill Rawson, Cardwell Distribution president. "We are impressed with Better Biodiesel's efficient and environmentally friendly production technology, fuel quality and its commitment to become a leader in this growing energy sector."

"Establishing a relationship with a distribution company of Cardwell's stature is a key milestone for Better Biodiesel," said Ron Crafts, Better Biodiesel chairman and chief executive officer. "We look forward to completing the definitive building of a strong relationship with Cardwell and mutually advancing the important role of biodiesel as an alternative fuel."

About Cardwell Distribution

Founded by Lowell J. Cardwell in 1964, Cardwell offers superior lubricants, motor fuels and fleet fueling services to meet its customer's industrial, commercial and retail petroleum needs. With the acquisition of Hutchinson Oil in April of 2002, its distribution network reaches over 3,000 customers in Utah, Wyoming, Colorado, Idaho and Nevada. Cardwell has teamed with Shell, Chevron, Sinclair, Flying J, Tesoro and other major fuel and lubricant distributors to provide more than 70 million gallons of gasoline, diesel fuel, and lube products to its customers. Cardwell's goal is to provide superior oil and fuel products at competitive prices, and offer the finest in customer service and expertise to customers of all sizes and applications. For more info, see www.cardwelldist.com

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Contact Information

  • For Better Biodiesel Investor Relations
    Capital Group Communications, Inc.
    Anthony Evans
    Jeff Jordan
    Abigail Bruce
    D: 415.332.7200
    E: Email Contact
    www.capitalgc.com