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 statements. Contact: Brad Barker, Houston Biodiesel, LLC, (713) 914-9193, firstname.lastname@example.org Bill Krueger, Lansing Trade Group, LLC, (913) 748-3012, email@example.com http://www.texcomresources.com
SOURCE TexCom, Inc.