SEATTLE, June 8, 2010 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio"), is pleased to announce its engagement of Peterson Sullivan LLP to review the filings to bring GeoBio current and perform the audit of GeoBio's two previously announced acquisition targets in the natural gas and oil services industry.
Peterson Sullivan LLP, based in Seattle, is one of the largest CPA firms in the Pacific Northwest and has extensive experience and expertise with publicly traded companies, closely held businesses and nonprofits. The firm is registered with the Public Company Accounting Oversight Board and is an independent member firm associated TIAG and MSNA. Peterson Sullivan will review and audit the SEC filings in order to bring GeoBio current in its 1934 Exchange Act disclosure obligations, and perform the audits on the two target acquisitions.
The firm will perform their work under the direction of Douglas A. Daniel, GeoBio's incoming Senior Vice President of Corporate Development and Finance. "Both Doug and I are very happy to have an experienced and very qualified firm to bring the company current and complete the audits of our two proposed acquisitions," said GeoBio's incoming CEO, John Sams, "We look forward to moving forward with our business integration and planned growth strategy after timely completion of this work."
About GeoBio Energy:
GeoBio Energy's (www.GeoBioEnergyInc.com) 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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