Southwest Iowa Renewable Energy, LLC Announces Third Quarter Results

COUNCIL BLUFFS, Iowa, Aug. 5, 2011 /PRNewswire/ -- On August 5, 2011, Southwest Iowa Renewable Energy, LLC ("SIRE") announced its financial results for the third fiscal quarter ended June 30, 2011.  SIRE reported a net loss of $1,287,162 or $97.96 per unit, compared to a net loss of $2,373,085 or $180.61 per unit in the same period in 2010.   The cash flow from operations for the nine months ended June 30, 2011 was $12,502,085 compared to $3,576,975 for the same period in 2010; with the overall cash flow for the nine months ending June 30, 2011 of $3,470,436 as compared to ($3,443,935) for the same period in 2010.

Brian Cahill, SIRE's General Manager and CEO, stated, "Our corn oil extraction project continues to have a positive effect on our operations and we expect the contributions from corn oil to continue to grow as we progress through the end of fiscal year 2011.  Ethanol margins have contracted in the third quarter, just as they did one year ago. However, we achieved a slight improvement with a reduced loss for the quarter ended June 30, 2011, in spite of the challenging commodity price conditions and current flood conditions.  The continuing improvement in the cash flow from operations allowed us to pay down approximately $9.6 million on our term debt during the nine months ended June 30, 2011."

About Southwest Iowa Renewable Energy, LLC:

SIRE is an Iowa limited liability company, located in Council Bluffs, Iowa, formed in March, 2005 to construct and operate a 110 million gallon capacity ethanol plant.  SIRE began producing ethanol in February, 2009 and sells its ethanol, modified wet distillers grains with solubles, corn syrup, and corn oil in the continental United States. SIRE also sells its dried distillers grains with solubles in the continental United States, Mexico and the Pacific Rim.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "1995 Act").  Such statements are made in good faith by SIRE  and are identified as including terms such as "may," "will," "should," "expects," "anticipates," "estimates," "plans," or similar language.  In connection with these safe-harbor provisions, SIRE  has identified in its Annual Report to Shareholders for the fiscal year ended September 30, 2010, important factors that could cause actual results to differ materially from those contained in any forward-looking statement made by or on behalf of SIRE, including, without limitation, the risk and  nature of SIRE's business ,and  the effects of general economic conditions on SIRE.  The forward-looking statements contained in this Press Release are excluded from the safe harbor protection provided by Section 27A of the Securities Act of 1933, as amended (the "1933 Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").  SIRE further cautions that such factors are not exhaustive or exclusive.  SIRE does not undertake to update any forward-looking statement which may be made from time to time by or on behalf of SIRE.

SOURCE Southwest Iowa Renewable Energy, LLC