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Roderick J. Hayslett Joins Endicott Biofuels as Chief Financial Officer

August 12, 2010

HOUSTON, Aug. 12 /PRNewswire/ — Endicott Biofuels II, LLC (EBF) announced today that Roderick J. Hayslett has joined the Company as Chief Financial Officer (CFO).

Mr. Hayslett brings to Endicott 32 years of experience in finance and the financial markets and 20 years as a corporate officer. Prior to joining the Company, he served as Chief Financial Officer of Northern Natural Gas, Transwestern Pipeline, Florida Gas Transmission and Citrus Corporation, and other related regulated and unregulated midstream energy subsidiaries managed by the Enron Transportation Services Division. Over his 25-year career with these companies, he led teams that placed $2.8 billion in bank facilities and $2.7 billion in private placement, as well as managed an integrated business with over $7 billion in assets and $2 billion in revenue. More recently, Rod was CFO for Galveston Bay Biodiesel where he was responsible for all areas of finance, accounting and regulatory compliance.

Mr. Hayslett earned a B.S. degree in mechanical engineering from the University of California, Berkeley, and his MBA in Finance from the University of Central Florida. He is a retired captain of the U.S. Navy.

“Rod’s financial acumen, broad experience base as well as his proven ability to finance capital projects will make him a crucial team member at Endicott,” said David Robinson, EBF’s Chief Executive Officer. “His extensive track record, which includes optimizing capital structures and securing financing in the mid-stream energy and biofuels industry in particular, will allow him to play an integral role in helping Endicott implement its multi-plant growth strategy to meet America’s need for domestic, renewable fuels. Rod’s talents will be key to our success as we approach groundbreaking on our first facility and begin securing financing for our second facility.”

About Endicott Biofuels, LLC

Headquartered in Houston, Texas, Endicott Biofuels (www.endicottbiofuels.com) is a second-generation biodiesel company possessing proven exclusive differentiating technology. Endicott plans to build and operate world-class biorefineries in the near future with the goal of adding to the domestic supply of economically renewable transportation fuel. Endicott expects to be cost competitive with petroleum based fuels.

Endicott Biofuels is a portfolio company of Haddington Ventures, L.L.C., a private equity firm specializing in the midstream energy sector. Among the participating investors in Haddington Ventures are large insurance companies, public and private pension groups, commercial banks and high net worth individuals. Visit Haddington Ventures’ website at www.hvllc.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, and the predictability of commodities markets and raw material markets. Such statements are based upon the current beliefs and expectations of EBF’s management and are subject to certain risks and uncertainties, including, but not limited to, competitive market pressures, changes in foreign currency and exchange rates, international trade risks, changes in policy by foreign governments, and changes in environmental and other governmental regulation. Actual results may differ from those set forth in the forward-looking statements.

SOURCE Endicott Biofuels, LLC


Source: newswire



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