CSBF Consolidated Biofuels Inc (CE)

Consolidated Biofuels, Inc. (OTC: CSBF), an alternative fuels company, announced today the appointment of Daniel L. Honeycutt as President and Chief Executive Officer. The Company has recently accepted the resignation of Jim Blair and appointed Daniel Honeycutt, its current Secretary, as President and Chief Executive Officer. Mr. Honeycutt states, "Our corporate focus is to position ourselves as an alternative fuels resource mostly related to, and supplying, the commercial transport industry, including waterways. It will be many years before any alternative fuel/engine technology other than biodiesel is developed that will move 80,000 lbs of goods at 75 mph over sustained distances. Moreover, the transportation infrastructure would have to be totally reconfigured to accept any now non-existent technologies to facilitate the coast-to-coast movement of goods. I believe that aligning our business strategies, research, consulting and solutions with the needs of the transportation industry offers Consolidated a long-term and enduring marketplace for the development of strategic partnerships, relationships, and sustained profitable growth in the commercial transportation industry." Mr. Honeycutt has extensive experience in equity capital funding, and in venture capital procurement, having spent the past 28 years facilitating and raising investment capital for his own and other enterprises. Mr. Honeycutt further states, "I absolutely appreciate the contribution of Jim Blair in moving Consolidated to its present position and acknowledge the fact that we have both committed to a continuance of our professional relationship in the future." For further information visit: http://www.consolidatedbiofuels.com This press release contains some forward-looking statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our business.