SEATTLE, May 11, 2010 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio"), is pleased to announce its new management team. The new team will execute the acquisition plan of the two previously announced oil and gas services companies, integrate operations with a view towards creating significant value for the shareholders and focus on opportunities for organic growth and additional acquisitions. The management team has significant long term experience in all sectors of the oil and gas industry, along with substantial and successful M&A experience.
The company will be led by John L. Sams as Chief Executive Officer. John is a seasoned senior energy executive with 30 years' experience in the oil, natural gas, energy, power, and process sectors. His extensive oil and gas experience covers the full range of upstream to down-stream operations while leading large project construction, engineering services, manufacturing, capital equipment, and service companies. John is a dynamic, engaging and visionary leader with numerous achievements throughout his 20 year tenure at the senior management level. He has held positions as President/CEO/Director of an oil/gas related public AMEX listed company, a private Swedish company and President/COO/Director of three other oil & gas/energy related companies. He has a B.S. in Civil Engineering and an MBA.
Joseph J. Titus will serve as Chief Operating Officer. Joe is an accomplished executive with 25 years experience in the oil, natural gas, energy, power, chemical, and process sectors. His oil and gas experience ranges from the oil well to the refinery, and includes construction, maintenance, manufacturing, technology, equipment, and systems companies. Joe is a hands-on leader with extensive experience in startups, operations, business development and organizational change/design throughout his 20 years at the senior management level. He has held senior operations, project leadership, and sales positions at a public AMEX listed company, a startup clean energy company, a private process heating company, multiple specialty chemicals companies, and a public biofuels company. He has B.S. in Chemical Engineering and Paper Science and an MBA.
Douglas A. Daniel will be the Senior Vice President of Corporate Development and Finance. Doug is an experienced senior financial and M & A executive. His 25 years of experience in public accounting include accounting and audit services, mergers and acquisitions consulting and execution, and full-scale management consulting. The industries in which he has worked cover a full range of companies including chemicals, construction, service and manufacturing companies. As the Managing Partner of a regional public accounting practice, he negotiated and orchestrated dozens of domestic and international mergers and acquisitions in many different industries. In addition, he has been the Managing Partner of his own private investment fund and has bought and sold dozens of companies in the past fifteen years. He has held positions of Managing Director of NASDQ listed CBIZ Century Business Service and CEO of several of his own businesses. He has served as director or strategic advisor to more than a hundred companies in various stages of development-from start-up to IPO, including roles on the Audit Committee of public companies. Doug is a licensed CPA, a Certified Valuation Analyst, and a graduate of Georgia State University with a BBA in Accounting/Finance.
"We are all looking forward to the successful completion and integration of GeoBio's current business plan," said GeoBio's incoming CEO, John Sams, "We also believe that there are numerous opportunities for growth and value creation in the oil and natural gas services sector, and I am confident we have the management team in place and ready to capitalize on these opportunities."
GeoBio and its investment bankers, I-Bankers Securities, Inc. (www.i-bankers.net), are currently working to secure financing of up to $20 million to complete the acquisitions of the Colorado company and H&M.
About GeoBio Energy:
GeoBio's s business model emphasizes the acquisition and operation of existing companies in the oil and gas services and energy industry. As oil well and gas exploration continue in the face of ever rising demand, preparing and monitoring drilling sites and obtaining peak efficiency and production from existing, aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector.
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