TexCom Inc. to Construct Biodiesel Plant in Oklahoma, Receives $6 Million Project Finance Equity Commitment

Jun 01, 2006, 01:00 ET from TexCom, Inc.

    HOUSTON, June 1 /PRNewswire-FirstCall/ -- TexCom, Inc. (OTC Pink
 Sheets: TEXC) today announced that it has received a $6 million project
 finance equity commitment to expand its Biodiesel operations into the state
 of Oklahoma. A group led by former University of Oklahoma and Dallas
 Cowboys Coach Barry Switzer has committed $6 million as the equity
 component for a Biodiesel plant to be constructed for purposes of serving
 the diesel fuel needs for the State of Oklahoma.
     As part of the agreement, Barry Switzer will be retained by TexCom as a
 consultant and advisor.
     Switzer stated, "Over the past few months, we have spent a lot of time
 with TexCom management and have introduced them to various state executives
 and legislators in Oklahoma. We feel that bringing TexCom to Oklahoma will
 provide jobs, a growing market for our agricultural products, and help to
 reduce our dependence on foreign oil. TexCom's management team is one of
 the few in the nation that brings practical permitting and large-scale
 plant construction and operations management to the Biodiesel industry.
 We've spent several months getting to this point and intend to be in
 construction by mid November."
     Lou Ross, President of TexCom, Inc. stated, "The management team has
 been in discussions with the Governor and Mr. Switzer since early this
 year. This equity commitment and the responsiveness of Coach Switzer and
 the state officials were critical in our decision-making. This
 administration has proven itself a great advocate for expansion of clean
 fuels and business. Expanding into Oklahoma is another significant step for
 TexCom in extending our Biodiesel operations footprint." As previously
 announced, TexCom has executed a Preliminary Engineering Agreement with
 Lurgi PSI, based in Memphis, Tennessee, to build a 35 Million gallon per
 year Biodiesel Plant at the LBC bulk liquids terminal in Seabrook, Texas.
     Since joining TexCom as President in December 2003, Dr. Ross has been
 the guiding force in TexCom's entry into the Biodiesel arena. He has been
 selected to present at the 2nd Annual Platts Biodiesel Investor Conference
 in Houston, Texas on Thursday, June 29th at 10:45 CDT. The Platts Biodiesel
 Conference is the premier forum for the investors to evaluate opportunity
 and advancement of Biodiesel as an alternative renewable fuel.
     For further information on the conference and to register please visit:
     About Biodiesel
     Biodiesel is the name of a clean burning alternative fuel, produced
 from domestic, renewable resources. Biodiesel contains no petroleum, but it
 can be blended at any level with petroleum diesel to create a Biodiesel
 blend. It can be used in compression-ignition (diesel) engines with little
 or no modifications. Biodiesel is simple to use, biodegradable, nontoxic,
 and essentially free of sulfur and aromatics.
     Biodiesel is registered as a fuel and fuel additive with the
 Environmental Protection Agency (EPA) and meets clean diesel standards
 established by the California Air Resources Board (CARB). Neat (100
 percent) Biodiesel has been designated as an alternative fuel by the
 Department of Energy (DOE) and the US Department of Transportation (DOT).
     About TexCom
     TexCom, Inc. is headquartered in Houston, Texas and is an early-stage,
 growth-oriented company with its primary focus on the production of Bio-
 Diesel. TexCom also has interests in liquid waste disposal servicing the
 petrochemical and drilling industries. Additionally, the company is engaged
 in exploration and production of oil and gas through its wholly owned
 subsidiary TexCom Partners, LLC.
     For further information on TexCom Resources please visit:
     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
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 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
      Contact:  Brad Barker

SOURCE TexCom, Inc.