Houston Biodiesel, LLC and Lansing Announce Biodiesel Merchandising and Feedstock Originations Agreements

Sep 05, 2006, 01:00 ET from TexCom, Inc.

    HOUSTON, Sept. 5 /PRNewswire-FirstCall/ -- Houston Biodiesel, LLC, a
 subsidiary of TexCom, Inc. (OTC Pink Sheets:   TEXC), in preparation for
 construction of a 35,000,000 gallon per year biodiesel plant in Seabrook,
 TX, has entered into both a biodiesel merchandising agreement with Lansing
 Ethanol Services, LLC and a feedstock originations agreement with Lansing
 Trade Group, LLC. These agreements, both set to run for 4 years from the
 completion of the construction of the plant in 2007, will couple Houston
 Biodiesel's large physical production capabilities in a strong position in
 the biodiesel industry with Lansing's strength in managing commodity price
 risk, providing merchandising and logistics services, and its significant
 presence in the biofuels marketplace.
     Houston Biodiesel has significant advantages at its Seabrook location
 just outside of Houston, including its tri-modal transportation
 capabilities on inbound and outbound traffic for truck, rail and water
 conveyance. The facility is located on the Houston Ship Channel "Refiners'
 Row", which provides quality buyers for biodiesel. This plant will produce
 biodiesel from soybean oil and other feedstock based on the most economic
 source. The location of the facility also provides a key competitive
 advantage in allowing Houston Biodiesel to be more flexible in the sourcing
 and procurement of feedstocks for biodiesel production. Lansing strength as
 a trading company will provide Houston Biodiesel with competitive
 alternatives for inputs into the production of biodiesel.
     TexCom has teamed with a strong equity partner in US Renewables Group
 for the Houston Biodiesel, LLC plant. USRG has made significant investments
 in bio-energy, including ethanol and biodiesel, and is working to provide
 the advantage of scale to this industry.
     "The biodiesel industry is experiencing a period of unprecedented
 change that is creating an environment ripe for large scale production of
 biodiesel that we hope to capture with this project and our future
 expansion plans," said Lou Ross, CEO & President of TexCom, Inc. and
 Manager of Houston Biodiesel, LLC. "We approached Lansing due to their
 world class trading, marketing and logistics execution capabilities,
 history of successful market development in Biofuels, and strong customer
 focus. We see Lansing and its capabilities as key to our success with this
 operation, as well as our significant expansion plan for the future."
     Bill Krueger, President and CEO of Lansing, said, "Houston Biodiesel
 has a very professional and engaged management team. They know what it
 takes to develop a successful business model. We believe this team will
 create a highly competitive and profitable biodiesel business with
 opportunities for growth by developing additional plants after they are up
 and running at this facility in Seabrook."
     Lansing has been in the business of trading commodities for 76 years.
 Rapid growth of its business over the past decade has come from responding
 to market place needs. Notable is the formation of Lansing Ethanol Services
 to respond to the need for a market maker in the ethanol market. The
 services Lansing is providing to Houston Biodiesel under these agreements
 are a direct extension of the trading skills which have been with the
 company since its beginning. Lansing is actively trading a large number of
 commodities from coast to coast, with a growing international presence.
     About TexCom, Inc.
     Headquartered in Houston, Texas, TexCom, Inc. is pursuing the
 development of certain alternative energy related businesses and developing
 them to their logical and full commercial potential. For more information,
 please visit the company Web site at http://www.texcomresources.com .
     About Lansing
     Lansing Trade Group is a privately owned firm formed in 1931. The
 current ownership group has grown Lansing into a national trading company,
 growing beyond its grain roots with growth into the energy market. Lansing
 Trade Group formed Lansing Ethanol Services, LLC in March '06 to trade
 ethanol and other renewable fuels. Lansing Trade Group and Lansing Ethanol
 Services trade whole grains, feed ingredients, and energy products in U.S.
 domestic and export markets. Current annual revenues are approximately $2.7
 billion. Company headquarters are in Overland Park, Kansas. Additional
 information is available online at http://www.lansingtradegroup.com and
 http://www.lansingethanolservices.com .
     About U.S. Renewables Group
     U.S. Renewables Group, LLC ("USRG") is an investment company
 capitalizing on the fastest-growing segments of the $650B energy
 marketplace. USRG acquires, develops and operates renewable stationary
 power generation and clean fuel assets primarily in North America. USRG
 operates nationally from headquarters in Los Angeles and offices in New
 York. For more information, please visit the company Web site at
 http://www.usregroup.com .
     Forward-Looking Statements
     Statements contained herein and the information incorporated by
 reference herein may be forward-looking statements within the meaning of
 Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act").
 Forward-looking statements can be identified by the use of forward-looking
 terminology such as, but not limited to, "may," "will," "expect,"
 "anticipate," "estimate," "would be," "believe," or "continue" or the
 negative or other variations of comparable terminology. We intend such
 forward-looking statements to be covered by the safe harbor provisions
 applicable to forward-looking statements contained in Section 21E of the
 Exchange Act. Such statements (none of which is intended as a guarantee of
 performance) are subject to certain assumptions, risks and uncertainties,
 which could cause our actual future results, achievements or transactions
 to differ materially from those projected or anticipated.
     Forward-looking statements include statements concerning plans,
 objectives, goals, strategies, future events, or performance and underlying
 assumptions and other statements, which are other than statements of
 historical facts. These statements are subject to uncertainties and risks
 including, but not limited to, product and service demands and acceptance,
 changes in technology, economic conditions, the impact of competition and
 pricing, and government regulation and approvals. TexCom cautions that
 assumptions, expectations, projections, intentions, or beliefs about future
 events may, and often do, vary from actual results and the differences can
 be material. Some of the key factors which could cause actual results to
 vary from those TexCom expects include changes in natural gas and oil
 prices, the timing of planned capital expenditures, availability of
 acquisitions, uncertainties in estimating proved reserves and forecasting
 production results, operational factors affecting the commencement or
 maintenance of producing wells, the condition of the capital markets
 generally, as well as our ability to access them, and uncertainties
 regarding environmental regulations or litigation and other legal or
 regulatory developments affecting our business.
     Our expectations, beliefs and projections are expressed in good faith
 and are believed to have a reasonable basis, including without limitation,
 our examination of historical operating trends, data contained in our
 records and other data available from third parties. There can be no
 assurance, however, that our expectations, beliefs or projections will
 result, be achieved, or be accomplished. Readers are cautioned not to place
 undue reliance on these forward-looking statements, which speak only as of
 the date hereof. We undertake no duty to update these forward-looking
      Brad Barker, Houston Biodiesel, LLC, (713) 914-9193, brad@tcri.net
      Bill Krueger, Lansing Trade Group, LLC, (913) 748-3012,

SOURCE TexCom, Inc.