Apollo Resources, Earth Biofuels Inc. merge

By | April 01, 2005
Apollo Resources International Inc. announced Feb. 25 a stock purchase agreement with Earth Biofuels Inc., a producer and distributor of biodiesel fuel. Apollo Resources will own 50 percent stock in Earth Biofuels and offer 169 of its service stations nationwide for Earth Biofuels to distribute its fuel.

Johnson told EPM that Earth Biofuels will narrow down the service stations to 150, which could include up to 15 truck stops. After two years, the company would sell the stations through franchise agreements, keeping 10 percent for test stations.

In addition to the merger, Apollo Resources named Earth Biofuels CEO Tommy Johnson as vice president of Powerball Alternative Fuels Company LLC, an alternative fuels subsidiary of Apollo Resources.
 
 
Array ( [REDIRECT_REDIRECT_STATUS] => 200 [REDIRECT_STATUS] => 200 [HTTP_HOST] => biodieselmagazine.com [HTTP_ACCEPT_ENCODING] => x-gzip, gzip, deflate [HTTP_USER_AGENT] => CCBot/2.0 (http://commoncrawl.org/faq/) [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 [HTTP_IF_MODIFIED_SINCE] => Sat, 17 Mar 2018 14:27:57 GMT [HTTP_CONNECTION] => close [PATH] => /sbin:/usr/sbin:/bin:/usr/bin [SERVER_SIGNATURE] =>
Apache/2.2.15 (CentOS) Server at biodieselmagazine.com Port 80
[SERVER_SOFTWARE] => Apache/2.2.15 (CentOS) [SERVER_NAME] => biodieselmagazine.com [SERVER_ADDR] => 10.0.0.4 [SERVER_PORT] => 80 [REMOTE_ADDR] => 54.198.158.24 [DOCUMENT_ROOT] => /datadrive/websites/biodieselmagazine.com [SERVER_ADMIN] => webmaster@dummy-host.example.com [SCRIPT_FILENAME] => /datadrive/websites/biodieselmagazine.com/app/webroot/index.php [REMOTE_PORT] => 48562 [REDIRECT_QUERY_STRING] => url=articles/331/apollo-resources-earth-biofuels-inc.-merge [REDIRECT_URL] => /app/webroot/articles/331/apollo-resources-earth-biofuels-inc.-merge [GATEWAY_INTERFACE] => CGI/1.1 [SERVER_PROTOCOL] => HTTP/1.1 [REQUEST_METHOD] => GET [QUERY_STRING] => url=articles/331/apollo-resources-earth-biofuels-inc.-merge [REQUEST_URI] => /articles/331/apollo-resources-earth-biofuels-inc.-merge [SCRIPT_NAME] => /app/webroot/index.php [PHP_SELF] => /app/webroot/index.php [REQUEST_TIME_FLOAT] => 1529652354.442 [REQUEST_TIME] => 1529652354 )