Biodiesel Plant to Increase Production

[] Systems Management Solutions of San Antonio, Texas has purchased all of the outstanding stock of SMS Envirofuels, which makes SMS Envirofuels a wholly owned subsidiary of the company. SMS developed a plant to produce biodiesel from soybean oil. The plant has the capacity to produce up to 3 million gallons of biodiesel per year, and will be blended with petro-diesel to produce B5 or B20 for use in diesel fueled vehicles and machines. There are plans to increase plant capacity to 5 million gallons by the end of the second financial quarter. SMS has established buyers for its production and has been making deliveries for about three months. The Company will operate the bio-diesel plant as a part of its Environmental Solutions Division.
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