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Shanoop Kothari Joins Endicott Biofuels As Chief Financial Officer; Rod Hayslett Appointed VP Finance

Houston, Texas (September 12, 2012) – Endicott Biofuels II, LLC (EBF) announced today that Shanoop Kothari has joined the Company as Chief Financial Officer (CFO) and that Roderick Hayslett has been appointed to the newly-created role of Vice President, Finance.

Prior to joining EBF, Mr. Kothari served as Vice President of Credit Suisse in Houston where he was responsible for energy investment banking focused on oil, natural gas and renewable energy clients. Mr. Kothari’s previous experience also includes various senior leadership positions at Bindview Corporation and as Senior Accountant at Price Waterhouse LLP.

Mr. Kothari holds a BBA in Accounting from the Cox School of Business at Southern Methodist University and an MBA from the Jones Graduate School of Management at Rice University. He is a Certified Internal Auditor and a Certified Public Accountant.

“We are pleased to have Shanoop join our team as CFO,” said EBF’s Chief Executive Officer David Robinson. “His financial and business expertise will ensure that Endicott continues on a strong path as we implement our multi-plant growth strategy to meet America’s need for domestic, renewable fuels.”

Mr. Robinson noted that the Company expects to complete construction of its Sabine Biofuels II facility, a 30-million gallon-per-year biorefinery in Port Arthur, Texas, in the fourth quarter of 2012. The facility will employ EBF’s proprietary technology for the production of high-purity G2 Clear™ biodiesel made from waste fats, oils and greases.

Rod Hayslett will assume a new role as Vice President, Finance, and will continue to provide guidance and leadership in the Company’s financial mission going forward. “Rod’s financial acumen and broad experience base has made him a crucial member of the Endicott team over the last two years,” Mr. Robinson said. “He will continue to play an integral role in facilitating our growth strategy.”

Mr. Hayslett joined EBF as CFO in August 2010 after 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. He also served as CFO for Galveston Bay Biodiesel where he was responsible for all areas of finance, accounting and regulatory compliance.

Mr. Hayslett earned a BS 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.

About Endicott Biofuels II, LLC

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

About Haddington Ventures, LLC

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, 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.

 

 

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