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

Media Services by: ValueCorp Communications & www.microcap1.com

Safe Harbor Statement

This Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as GBOE "expects," "should," "believes," "intends," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of GBOE, which could cause actual results, performance or achievements of GBOE to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.

"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. GBOE disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks particularly associated with our current business include, but are not limited to the risks associated with our ability to (i) obtain the necessary financing to complete our prospective acquisitions and other targeted companies and to finance our current operations, (ii) generate sufficient revenue and obtain profitability, (iii) obtain additional financing as needed, (iv) manage changes in general economic and business conditions (both generally and in the natural gas and oil services and the energy industry), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) identify and manage risks in connection with acquisitions (viii) evaluate and effect the level of demand and market acceptance of our services and (ix) make necessary changes to our business strategies.

CONTACT:  GeoBio Energy Corporation
Investor Relations
Joseph J. Malone
www.valuecorptrading.com
786-375-0556
info@geobioenergyinc.com

SOURCE GeoBio Energy, Inc.



RELATED LINKS
http://www.geobioinc.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.