Exclusive Interview with Barry Ellsworth, President of Green Plains Renewable Energy to Discuss Growing Demand for Ethanol
“The real value in our company is that we only have 6 million shares, therefore when we have both plants up and running this will represent around 18.5 gallons of ethanol per share” - Barry Ellsworth, President
Corporate Overview
Green Plains Renewable Energy (NASDAQ: GPRE) is currently building a 50 million gallon name plate ethanol facility in Shenandoah, Iowa. That plant is fully funded and is expected to commence operations in mid-2007. GPRE recently closed a secondary offering of its common stock, which gave the Company approximately $47 million net. Those funds will finance part of the construction and start-up costs of the Company's second 50 million gallon name plate facility to be built near Superior, Iowa. Start-up of the Superior plant is anticipated to be sometime in the later part of 2007. Upon the completion of both plants, the Company anticipates that it will have the capacity to produce at least 110 million gallons of ethanol on an annual basis.
Barry A. Ellsworth, President
BARRY A. ELLSWORTH, 52, resides in Las Vegas, Nevada. Mr. Ellsworth founded the Company and assumed his present positions as President and as a Director on June 29, 2004, and is responsible for the day to day operations of the Company. Mr. Ellsworth graduated from Brigham Young University in 1977, with a BA in Communications. From 1999 to 2004, Mr. Ellsworth was the Managing Director of Red Rock Investment Partners, a financial consulting firm. Earlier, he owned the financial consulting firm of Ellsworth and Associates, which specialized in mergers and acquisitions. He has been instrumental in taking companies public and has raised significant capital for various entities. Prior to that he gained experience in finance working as a stockbroker at the firms of Prudential-Bache Securities, Wilson-Davis Securities, and Dean Witter Reynolds.
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Safe Harbor Statement: Matters discussed in these presentations contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in these presentations the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company, and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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