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CSBF News Consolidated Biofuels Announces New Funding Source

CHICAGO--(BUSINESS WIRE)--Consolidated Biofuels, Inc. (OTC:CSBF), an alternative fuels company, announced today, through its CEO, Daniel Honeycutt, that it has recently entered into a non-exclusive contracted relationship with Pier Strategic Investments, LLC, a Las Vegas, Nevada-based organization, for the fundraising needs necessary to meet the long-term strategic initiatives of Consolidated and its associated partners. Pier is closely associated with high-net worth individual and corporate entities that are overall principally located on the West Coast of the United States and in the Far East (Pacific Rim).

Mr. Honeycutt further stated that. “Our relationship with Pier has shown a vast improvement in the understanding of our industry, and in the aggressiveness required in fulfilling the needs of Consolidated than we have ever previously experienced with our attempts to educate and positively engage several East Coast-based funding sources. Pier, over a very short period, has already introduced, sourced and assisted in funding a very much needed and very significant portion of our outstanding Reg. D 504 offering. This has been an excellent beginning.”

Mr. Turley, of Pier stated, “We see the vision and opportunity that Consolidated represents, and all of my associates understand that the future belongs to alternative fuels. We, our friends, our families, our associates, all of us, for our own good, for the good of the environment, but mostly for the good of this country, need to be very seriously interested and invested in this industry.”

About Consolidated Biofuels, Inc.

Consolidated Biofuels, Inc. is a development-stage, alternative fuels company that has aligned its business strategies, research, consulting, alternative fuels solutions and environmental strategies with the needs of the commercial transportation industry, including trucking, railway, and waterway/shipping modalities.

For further information visit our new website: http://www.CBioIntl.com

This press release contains some forward-looking statements. Forward-looking statements involve estimates, projections goals forecasts, assumptions, risk and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements, and are current as of the date on which such statements are made. 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.