2014

TexCom, Inc. Breaks Ground for Biodiesel Production Plant at the LBC Terminal in Seabrook, Texas

    HOUSTON, Dec. 29 /PRNewswire-FirstCall/ -- TexCom, Inc. (OTC
 Pinksheets: TEXC) held a groundbreaking ceremony on December 21 for its
 Houston Biodiesel, LLC plant at the LBC Houston, LP terminal site in
 Seabrook, Texas.
     "This terminal is ideally suited as our initial plant location. The
 site affords us the capability to bring in our raw materials such as
 soybean and other vegetable oils by vessel, barge or rail. The plant will
 benefit from the fact the Houston Ship Channel is one of the nation's
 leading ports in terms of the volumes of agricultural commodities that it
 carries," said Lou Ross, C.E.O., of TexCom.
     The facility will store petroleum diesel and be equipped to provide
 fuel distributors with biodiesel/petroleum diesel blends such as B2, B5 and
 B20 as well as pure biodiesel. The plant is expected to be online in
 December 2007 producing 35 million gallons of B100 biodiesel annually.
 TexCom and its equity partner, US Renewables Group, previously announced
 execution of the engineering and construction contract for the Houston
 Biodiesel facility with Lurgi, Inc. of Memphis and completion of project
 financing with Stearns Bank of St. Cloud MN. Houston Biodiesel has entered
 into agreements with the Lansing Trading Group of Overland Park, MO for raw
 materials sourcing, risk management and hedging activities, as well as for
 off-take of biodiesel product.
     "Today is the result of a focused commitment that we made in 2004 to
 enter biodiesel production. Through this facility and additional expansion
 in the future, we plan to become a material factor in the domestic
 biodiesel industry. We are creating jobs, reducing our nation's dependence
 on fossil fuels, and producing a cleaner, more environmentally friendly
 fuel here. Biodiesel is recognized as a critical part of the long-term
 energy solution for America. A strong period of growth is ahead for those
 companies that have shown the foresight to enter the space and the
 capability to capitalize on the increasing demand for cleaner energy,"
 continued Ross.
     About TexCom, Inc.
     Headquartered in Houston, Texas, TexCom, Inc. is pursuing expansion in
 biodiesel production and certain 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 the LBC Group
     LBC is the second largest tank storage company for chemical products
 and related added value services in the world. Headquartered in Paris
 (France), the group operates over 2.3 Million Cubic meters of storage
 capacity at 12 locations in Europe and the USA. LBC is a fully owned
 subsidiary of One Equity Partners, a JP Morgan Chase company.
     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.
      Bill Pettinatti
      713-914-9193
 
      Keith Fetter/Darren Bankston
      Peidmont IR
      (678) 455-6049
      info@piedmontir.com
 
 

SOURCE TexCom, Inc.

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