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Genesis Biofuel Announces Advisory Board Appointment

Boulder, Colorado-October 8, 2012- Genesis Biofuel, Inc, a designer and builder of carbon sequester and algal biodiesel refineries, today announces the appointment of Dr. Al Darzins to the Genesis Biofuel Advisory Board.

Dr. Al Darzins is an accomplished, nationally and internationally recognized scientist with a distinguished 25+year career in academic, governmental and industrial R&D settings. He recently joined the Gas Technology Institute (GTI) as an R&D Director responsible for leading GTI’s biotechnological-based research efforts in alternative energy, renewable fuels development and microbiologically-influenced corrosion (MIC).

Prior to joining GTI Al was a Research Manager in DuPont’s Central Research & Development where he led the Protein Engineering and Enabling Technologies groups within the Biofuels area. Before DuPont, Al was at the DOE’s National Renewable Energy Laboratory (NREL), where he managed the Applied Sciences group in the National Bioenergy Center. He provided leadership to a multidisciplinary research team responsible for developing and integrating chemical and biological technologies for the conversion of biomass feedstocks into transportation fuels.

Al holds a Ph.D. in Microbiology and Immunology from the University of Illinois, Chicago. He has published 40 scientific papers and book chapters and is also an inventor on 10 issued U.S. patents. He also currently holds affiliations with the American Society for Microbiology (ASM) and the Society for Industrial Microbiology and Biotechnology (SIMB).

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are extremely fortunate to have someone with the credentials and expertise of Mr. Darzins on our Advisory Board. His insight and expertise will be invaluable, especially as we move forward on the implementation of our Demonstration Lab and the construction of our Pilot Plant.”

Mr. Darzins adds, “I support Genesis Biofuel’s technology development efforts which involve the capture of stranded CO2 from cement plants and the use of this CO2 to grow algal feedstocks that can be subsequently converted into biofuels”

Concentrating on the cement industry, Genesis Biofuel, Inc. sequesters CO2 directly from manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce B100 Biodiesel which is used to meet customer equipment needs while producing a marketable surplus.

Genesis Biofuel Announces Joint Venture

Boulder, Colorado-September 28, 2012- Genesis Biofuel, Inc, a designer and builder of carbon sequester and algal biodiesel refineries, today announced the signing of Memorandum of Understanding with Abundant Energy Solutions (AES) for the forming of a joint venture to engineer and construct Algal Biofuel Refineries. This venture will not only allow for their combined technology collaboration but will also be able to offer alternative energy production solutions to additional industries worldwide.

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are delighted to be working with Abundant Energy Solutions. AES’s proven technologies in algae lighting, harvesting and oil extraction solutions, working with our processes, will tremendously increase and augment our overall output and efficiency. In addition our combined technologies will enable us to offer solutions to additional algal to biofuel alternatives such as utilizing waste water.”

Dr. Joe Nieusma, CEO AES, added, “AES is excited to partner with Genesis Biofuels on this project for a number of reasons. Our two companies are poised to advance algae to biofuel conversion as well as utilization of the resultant algae biomass as a feedstock for downstream cellulosic ethanol production. Proprietary technology in multiple steps of these processes will combine linearly to create very favorable results for the cement company, Genesis, AES and the green energy economy. Algae is the future of biofuel as both oil and cellulosic ethanol. Genesis Biofuel and AES are very well positioned to bring this technology to the world.”

The joint ventures first objective will be to complete their combined technology Demonstration Laboratory. The Lab should be completed within the next 90 days and will be located in AES’s Research facility in Englewood, Colorado. This will lead to the construction of their Pilot Facility at a cement plant location. The timetable of which is tentatively scheduled to begin first quarter 2013.

AES, an affiliate of Colorado Energy Research Technologies (CERT) is a research company whose purpose is to develop innovative scientific solutions and technologies to solve challenges related to energy production, distribution and utilization in all forms.

Focusing on the cement industry, Genesis Biofuel, Inc. sequesters CO2 directly from cement manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce both Algal Biofuel for commercial and military diesel engines and Biomass, which can be used in Ethanol production.

Genesis Biofuel Announces Advisory Board Appointment

Boulder, Colorado-August 25, 2011- Genesis Biofuel, Inc, a designer and builder
of carbon sequester and algal biodiesel refineries, today announces the appointment of Jennifer M. McCallum, Ph.D. Esq. to the Genesis Biofuel Advisory Board.

Jennifer is a biotechnology patent attorney with a Ph.D. in Biotechnology from Colorado State University and a J.D. from the University of Colorado. After working at two different law firms, Jennifer opened her own biotechnology patent practice in Erie, Colorado. She has received numerous awards and accolades including a 2008 Congressional Medal of Distinction, and an appointment by then Colorado Governor Owens to the Biotechnology Council for the State of Colorado. The Denver Business Journal voted Jennifer one of the 40 top business leaders under the age of 40, and named her Outstanding Woman in Business in the Professional Services Category in 2004. Jennifer has received four appointments as the Vice-Chair of the American Bar Association’s Committee on Bioethics, and she was one of seven attorneys sponsored in 2006 by the U.S. Supreme Court. The McCallum Law Firm, P.C. was recently voted one of the 25 top women-owned businesses in Colorado for the second year in a row. Jennifer was also named one of the 2009 Rising Stars in the US legal field by Super Lawyers. 

Jennifer is currently assisting with the development of nanotechnologies, in particular, development of the next generation sequencing of devices for DNA, RNA and a protein that has been featured in Genetic Engineering News. Jennifer’s firm represents biotechnology, pharmaceutical and medical device companies; several renewable energy companies, financial entities of many types, such as venture capital groups and investment banks and universities. She also works overseas on a number of client projects.

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are extremely fortunate to have someone with the credentials and expertise of Ms. McCallum on our Advisory Board. Her insight and expertise will be invaluable, especially in the patent and international marketplace, as we continue our endeavors to save the planet, one cement plant at a time.”

Concentrating on the cement industry, Genesis Biofuel, Inc. sequesters CO2 directly from manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce B100 Biodiesel which is used to meet customer equipment needs while producing a marketable surplus.

 

Genesis Biofuel Shareholders Approve Direct Public Offering

Boulder, Colorado-May 13, 2011- Genesis Biofuel, Inc., a designer and builder of carbon sequester and algal biodiesel today announced that at last nights Annual Shareholders Meeting, the attending shareholders unanimously approved the company’s plans for a Direct Public Offering.

Genesis will initiate a direct public offering (DPO) of common stock to raise $1,000,000-$5,000,000. The DPO would give Genesis a listing on the Nasdaq OTCBB (over-the-counter) stock exchange, and would lead to more flexibility for investor stock trading. With this status Genesis will be able to advertise the offering to the public. The current status of the Company limits the scope of the offering and has investor restrictions.

In order to secure operation funds to complete the DPO, Genesis is seeking an additional $170,000, with the minimum investment being $1,000. For those who invest before July 15, 2011, this investment will be common stock @ $1.00/share in the pre-DPO company. When the public offering has been approved by the SEC, each share of this stock will convert to 2.19 shares of the publicly traded Genesis common stock. The conversion occurs because the number of shares outstanding will be increased. The new common stock will be offered to the public for $1.00/share. Larger investors in the new company may be offered stock at a discount.

The pre-DPO shares will be restricted, so will not be able to be sold for a period of six months after the date Genesis stock begins trading. While the initial value of a $1,000 investment will convert to $2,193 of new Genesis stock at the time of the initial offering, the Company cannot predict the direction of the stock value after the public offering.

The initial $500K to $1 million raised in the public offering will be used for ongoing marketing and operating activities, along with construction of a demonstration laboratory. This facility will consist of 24 photobioreactors (PBR’s) and testing equipment. After harvesting, the algae would be sent out to a third party for further processing into biomass and biodiesel. In addition to its utilization for selection and isolation of algal strains, this lab would serve as a demonstration of their PBR system and processes, and would be used to attract further levels of investment and customer participation.

As Genesis is able to raise the next $4,000,000, it will expand the demo facility to a full-scale algae classification and isolation laboratory that will include additional PBR’s as well as full instrumentation and staff. This facility will produce unrefined algal oils and biomass for sampling as well as ASTM fuel quality certification.

Genesis has invested two years in building strong customer relations with the leading companies in the cement manufacturing industry. There is a need in the cement industry for the Genesis System. The Algal Biofuel industry is being heralded as one solution to pollution and transportation fuel issues that the global community faces today.

At this point, Genesis has two cement manufacturers eager to partner with them to build Biorefineries at one of their facilities. In addition they are in possession of a Commitment Letter from a subsidiary of Exxon Mobil for the purchase of all biofuel produced.

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are excited to initiate this DPO with the approval of our shareholders and look forward to moving expediently to move Genesis to the next level..

Focusing on the cement industry, Genesis Biofuel, Inc. sequesters CO2 directly from cement manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce both algal Biofuel and Biomass which can be used to meet customer equipment and fuel burning requirements while producing a marketable surplus.

Center T Advisory Services to Provide Project Financing for Genesis Biofuel, Inc.

DENVEROctober 21, 2010 - Center T Advisory Services, LLC, a project financing and business consulting practice, today announced it has signed a Memorandum of Agreement with Genesis Biofuel, Inc., to be the exclusive provider of project financing for Genesis Biofuel, Inc.’s carbon sequestration algal biodiesel refineries.

"I am extremely pleased to have this agreement with Center T Advisory Services," said Harvey Dorren, president and CEO of Genesis Biofuel, Inc. "Their ability to provide project financing for our biodiesel refineries will help accelerate our development activities."

"We have confidence in Genesis Biofuel’s technology, and combined with their focus on the cement industry, believe they offer a positive renewable energy opportunity," added Don Clark, president of Center T Advisory Services, LLC. "Their refineries will be able to sequester CO2 directly from cement manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities."

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Genesis Biofuel & Gray Oil Sign Letter of Intent

Boulder , Colorado-April 22, 2010- Genesis Biofuel, Inc., a designer and builder of carbon sequester and algal biodiesel refineries and Gray Oil, a distributor of fuels, lubricants and chemicals located in Ft. Lupton , Colorado today announced that they have signed a formal Letter of Intent. In this agreement Gray Oil, an Exxon Mobil affiliate, agrees to purchase all B100 Biodiesel from any Genesis refineries in the Rocky Mountain Region. The agreement also stipulates that Gray Oil has the right of first refusal for the purchase of B100 from any future Genesis refineries.

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are delighted to be working with Gray Oil. This agreement provides our customers the assurance that there will be a buyer for their surplus supplies of Biofuel. In addition Gray will also be in a position to supply methanol and ethylene glycol to Genesis customers.”  

Focusing on the cement industry, Genesis Biofuel, Inc. sequesters CO2 directly from manufacturing plants. This greatly reduces the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce B100 Biodiesel which is used to meet customer equipment needs while producing a marketable surplus.

Genesis Biofuel Announces Advisory Board Appointment

Boulder, Colorado-March 18, 2010- Genesis Biofuel, Inc, a designer and builder of carbon sequester and algal biodiesel refineries, today announces the appointment of Doctor Matthew W. Posewitz to the Genesis Biofuel Advisory Board.

Dr. Posewitz is an Assistant Professor in the Department of Chemistry and Geochemistry at the Colorado School of Mines(CSM). He specializes in the areas of biochemistry, algal physiology, photosynthesis and renewable energy technologies. He received a B.S. from Willamette University, and a Ph.D. from Dartmouth College. He then went on to postdoctoral research at the University of Utah, and then the Memorial Sloan Kettering Cancer Research Center in New York City. In 1999, Dr. Posewitz began investigating algal biofuels technologies at the National Renewable Energy Laboratory. These research efforts included extensive collaborations with CSM, and in 2003 Dr. Posewitz joined the CSM Environmental Science and Engineering Division as an Assistant Research Professor. Over the last 5 years, he has received over $1.5 M in research funding, and published more than 25 research papers in high impact journals.

Harvey A. Dorren, President & CEO of Genesis Biofuel, Inc. stated, “We are extremely fortunate to have someone with the credentials and expertise of Doctor Posewitz on our Advisory Board. His insight will be invaluable as we continue our endeavors to save the planet, one cement plant at a time.”

Concentrating on the Cement Industry, Genesis Biofuel, Inc. sequesters CO2 directly from manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the GBI refineries then utilize these gases to produce pure B100 Biodiesel which can either be used to meet customer equipment needs or sold as a marketable surplus.

Genesis Biofuel to Exhibit at 2010 Cement Industry Technical Conference

Boulder, Colorado-January 20, 2010- Genesis Biofuel, Inc, a designer and builder of carbon sequester and algal biodiesel refineries, is pleased to announce that they will be exhibiting at the 2010 IEEE-IAS/PCA Cement Industry Technical Conference in Colorado Springs, Colorado on March 28th –April 1st. This conference is the premier annual event for leaders, executives and engineers in the cement industry

This years conference will be emphasizing the pending climate change legislation and NESHAP rules The best intentions of the new legislation and rules will only become reality through science, engineering, hard work, and lots of capital investment by cement companies. The program at the 2010 Conference is geared to aiding cement companies get there successfully. Governor Bill Ritter of Colorado will be the keynote speaker.

Harvey A. Dorren, President/CEO of Genesis stated: ‘We are excited about being able to meet with many of the leaders in the cement industry who are not yet aware of Genesis and introducing them to our solution to their green house gas emission problems

Concentrating on the Cement Industry, Genesis Biofuel, Inc. sequesters CO2 directly from manufacturing plants greatly reducing the green house gas emissions from these facilities. In addition, the GBI refineries then utilize these gases and produce pure B100 Biodiesel which can either be used to meet customer equipment requirements or sold as a marketable surplus.