PNG Ventures, Inc. (OTCBB: PNGX) today announced the closing of a share exchange with Earth Biofuels, Inc.

Earth Biofuels, Inc. (OTCBB: EBOF) today announced the closing of a share exchange with PNG Ventures, Inc.

Earth Biofuels, Inc. (OTCBB: EBOF) announced the execution of a binding letter of intent with PNG Ventures, Inc. (OTCBB: PNGX) whereby PNG Ventures has agreed to purchase a 100% ownership interest in Earth Biofuels' wholly-owned subsidiary, Earth LNG, Inc.

PNG Ventures, Inc. (OTCBB:PNGX) announced the execution of a binding letter of intent with Earth Biofuels, Inc. (OTCBB:EBOF) whereby PNG Ventures has agreed to purchase a 100% ownership interest in Earth Biofuels' wholly-owned subsidiary, Earth LNG, Inc. ("Earth LNG").

Earth Biofuels, Inc. (OTCBB: EBOF) today announced that its subsidiary, Applied LNG Technologies, LLC ("ALT") has renewed its contract to provide the City of Long Beach, California with liquefied natural gas.