GeoBio Energy, Inc. subsidiary receives UL Compliance Letter for its Natural Gas Volume Monitoring and Correcting and Data Recorder Products
SEATTLE, Nov. 15, 2012 /PRNewswire/ -- GeoBio Energy, Inc. (NASDAQ OTC-BB: GBOE), a Colorado corporation ("GeoBio"), today announced that its wholly-owned subsidiary, El Gas North America, LLC ("El Gas NA"), received from MET Laboratories, Inc., a compliance letter providing UL (UL 915) approval of the natural gas electronic volume corrector (EVC) and electronic data recorder (EDR) products that it intends to sell in the United States. Czech Republic based ELGas s.r.o., manufacturers the products, which are sold throughout the world but have not been offered in the United States until this time. GeoBio's subsidiary, El Gas NA, holds an exclusive license to sell and distribute the products in the United States, Canada, Mexico and the Caribbean Islands (the "El Gas License").
Obtaining UL compliance now allows EL Gas NA to actively commence selling the products within the United States. Mark Cangany, President of El Gas NA, commented, "We are pleased to receive UL approval and excited for the opportunity to now sell the ELGas s.r.o products. During the prior ten months we have focused on obtaining the UL approval while undertaking marketing efforts in anticipation of our commencement of sales. Our preliminary marketing efforts indicate that the ELGas s.r.o products will be well received by natural gas utility companies operating within the United States."
Larry Shelver, President and CEO of GeoBio, added, "This is a great development for GeoBio. El Gas NA now provides the company with a new revenue stream opportunity. We believe that ELGas s.r.o manufactures leading products in the industry and intend to fully support the sales efforts of Mark Cangany and El Gas NA."
About GeoBio Energy:
GeoBio Energy's business model emphasizes the development, acquisition and operation of existing companies in the oil and gas services and energy related products industry. As oil and gas exploration continue in the face of ever rising demand, facilitating delivery of oil and gas, monitoring and maintaining drilling sites to obtaining peak efficiency and production from existing, new and aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector. GeoBio's subsidiary, El Gas North America, LLC, has an exclusive license to sell Czech Republic based ELGas s.r.o.'s natural gas electronic volume corrector (EVC) and electronic data recorder (EDR) products in the United States, Canada, Mexico and the Caribbean, which products provide for the efficient monitoring and delivery of natural gas to consumers . Visit GeoBio's web site: www.geobioinc.com
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SOURCE GeoBio Energy, Inc.