SOURCE: IO Circuit

June 28, 2007 09:14 ET

(OTC: CSBF) and IBF JV Announce Planned 150 MPGY Biodiesel Production/Crush Facility at Arkansas Port Location

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - June 28, 2007) - Recently, in cooperation and agreement with International Bio Fuels Corp., Consolidated Biofuels, Inc., a Chicago-based alternative fuels company (PINKSHEETS: CSBF), announced through its CEO, Daniel L. Honeycutt, that on November 28, 2006, IBF, on behalf of the IBF/CSBF joint venture partnership, contracted with Chicot County, Arkansas to build and operate a unique combination biodiesel production and soybean oil crush facility located at the Port of Yellow Bend in Arkansas.

The planned production facility, when fully operational in 2008, will have a designed capacity of 150 million gallons of biodiesel and 70 million bushels of soybean oil crush annually. The facility will be located on 65 acres of optioned acreage immediately within the Port of Yellow Bend's facilities. The Port of Yellow Bend is strategically located on the Mississippi River, in the heart of the Soybean Belt in the Mississippi Valley Corridor, just east of McGehee, Arkansas.

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