To achieve this objective, Alternative Fuel Distributors intends to file a registration statement with the Securities and Exchange Commission for an initial public offering of up to two million of its Class A membership units.
The company will also develop a wholesale distribution channel for alternative fuel products such as E-85, various biodiesel products, liquefied hydrogen and other possible mass consumption alternative fuels.
Company-owned convenience stores will be branded under the Go Green Station trademark and the company anticipates that the first 100 stores will be open by first quarter 2009 in Pennsylvania, New Jersey, Maryland and Delaware.
The company said that, retail E-85 gasoline is expected to sell for $2.25 to $2.50 per gallon, as compared to the predicted $4 per gallon for regular gasoline.
