TexCom Signs EPC Contract and Begins Biodiesel Plant Construction Process

    HOUSTON, Oct. 30 /PRNewswire-FirstCall/ -- TexCom, Inc. (OTC
 Pinksheets: TEXC) announced today that it has executed its Engineering,
 Procurement & Construction contract with Lurgi PSI to build a 35 million
 gallon per year Biodiesel Plant for TexCom subsidiary Houston Biodiesel,
 LLC, in Seabrook, Texas.
     Lurgi will initiate construction process steps immediately, including
 final engineering and procurement activities.
     TexCom anticipates that a formal groundbreaking ceremony will be set
 within 30 days.
     The Seabrook plant, located at the LBC Houston, LP terminal, includes
 the capability to store conventional petroleum diesel, allowing TexCom to
 blend and market B20 and other biodiesel blends as well as B100. Refined
 vegetable oil feedstock will be brought in via barge or rail to the site,
 located on the Houston Ship Channel, to produce the renewable fuel.
     This facility is the first of several Biodiesel production sites that
 TexCom currently plans to build and operate in the south central United
 States. Lurgi PSI, based in Memphis, Tennessee, is recognized as a
 worldwide leader in the design and construction of Biodiesel facilities,
 having completed numerous facilities in Europe and recently a plant in Iowa
 similar in size to the Houston Biodiesel plant.
     Louis Ross, C.E.O. of TexCom stated, "Executing this EPC contract
 cements certain critical elements of plant construction for us including
 completion dates and guaranteed performance statistics for the plant. We
 will now move forward to tie down additional operational metrics including
 contracts for raw materials and finished goods. Additionally, we have
 completed an involved pre-finance underwriting and contracting process that
 we expect will allow TexCom to proceed more quickly for development of our
 subsequent biodiesel projects at other sites."
     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 or call
 713-914-9193 for Bill Pettinati.
     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.
 
 

SOURCE TexCom, Inc.

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