DALLAS -- Earth Biofuels Inc. plans to begin acquiring and operating retail service stations through its majority-owned subsidiary, American Earth Fuels Co. (AEFC).
Newly formed for the purpose of creating the principal distribution channel for Earth Biofuels and its related companies, AEFC plans to sell biodiesel and ethanol fuel products, as well as traditional petroleum fuel products, to consumers around the nation.
Earth Biofuels, the exclusive distributor for BioWillie biodiesel fuel, will distribute BioWillie and [image-nocss] ethanol fuel to AEFC's retail stations as required in order to meet the demands of AEFC's customers.
"We believe that in many parts of the country, consumers are lacking the availability of fueling stations that carry renewable fuels such as biodiesel and ethanol," said Dennis McLaughlin, chairman and CEO of Earth Biofuels, Inc. By setting up this subsidiary to specifically establish these retail service stations, we can create more visibility and options for those consumers who prefer cleaner, domestically produced alternative fuels for their vehicles."
The initial officers of AEFC are Thomas M. Davidson, chairman; Joseph Wallace, CEO; and Elizabeth Carroll, senior vice president and chief marketing officer. Additionally, NASCAR-driver Rusty Wallace has agreed to provide consulting services and industry marketing guidance to the new entity as it develops partnerships and affiliations within the auto racing industry.
"Tom, Joe and I see this as a great opportunity to be a distribution channel for Earth Biofuels, and we will work closely with Rusty Wallace, our advisory board member and consultant to AEFC, in bringing cleaner and more efficient fuel sources to all drivers," Carroll said. "Earth Biofuels is becoming a leader in this industry, and we look forward to a strong partnership with the Earth Biofuels team."
Earth Biofuels produces and distributes renewable fuels through the company's network of wholesale and retail outlets. The company's biodiesel fuel is sold under Willie Nelson's brand name, "BioWillie." The company is focused on capitalizing on the growing demand for alternative and renewable fuels in the domestic market.
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