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For Immediate Release Steve Westly Joins AltraBiofuels’ Board of Directors LOS ANGELES (May 23, 2007)--(BUSINESS WIRE)--AltraBiofuels, Inc., a California-based developer of renewable biofuels, announced today that it has welcomed Steve Westly, former California State Controller, to the company’s board of directors. In joining the board, Westly will play an integral role overseeing the implementation of AltraBiofuels’ strategy to produce several hundred million gallons of biofuels through the acquisition and upgrading of existing production assets, as well as through the development of new strategically located facilities across the nation all aiming to employ state-of-the-art, cellulosic biofuels technologies. Steve Westly most recently completed his term as the California State Controller where he served as the Chief Fiscal Officer of the world's sixth largest economy. In addition to his government service, Westly acted as the Senior Vice President of Marketing and Business Development at eBay, where he directed, Mergers and Acquisitions and International Development. Westly served on the faculty at Stanford's Graduate School of Business from 1991 to 1995 and has a BA and an MBA from Stanford University. “I am very excited to join AltraBiofuels’ exceptionally talented board of directors, especially at a time when biofuels are experiencing a blistering pace of growth and technological innovation,” said Westly. “Now more than ever, our nation needs smart, competitive, private sector solutions that can deliver energy independence and reduce CO2 emissions. I am proud to join AltraBiofuels because of its commitment to rapidly implementing cellulosic technologies that do exactly that.” “Steve possesses a tremendous depth of experience in matters relating to technology and public policy, and we are very excited to have him join AltraBiofuels,” said Larry Gross, CEO of AltraBiofuels, Inc. “He helps us in our quest to become a leading producer of environmentally sound, renewable biofuels.” AltraBiofuels is currently advancing several major projects, including the upgrading and expansion of its Goshen, CA facility, as well as the construction of several new ethanol facilities throughout the U.S., including Coshocton, Ohio, Cloverdale, Indiana and Carleton, Nebraska. About AltraBiofuels, Inc. AltraBiofuels develops, licenses, and/or acquires cutting edge biofuels technologies and rapidly converts them into profitable, environmentally sound production at plants it acquires and builds. With a focus on the production and sale of ethanol and biodiesel, AltraBiofuels intends to become a major national supplier employing state-of-the-art, cellulosic refining in a quest to deliver carbon-neutral energy independence. AltraBiofuels delivers the energy to sustain™. For more information, visit, http://www.AltraBiofuels.com. |
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