The exclusivity period now extends through the middle of September 2010, and the purchase agreement is expected to be closed within approximately 30 days from its execution.
All Fuels & Energy is a development-stage company organized to primarily focus on the production and sale of alternative fuels, including ethanol and its co-products.
The company aims to produce approximately 500 million gallons of ethanol annually in the US by acquiring existing production facilities and constructing new facilities.
