Better BioDiesel, Inc (BBDS.OB) Signs Letter of Intent to Acquire GeoAlgae Technologies, Inc.
Better BioDiesel, Inc (BBDS.OB), announced that the company has signed a letter of intent with GeoAlgae Technologies, Inc, a company focused on producing low cost, renewable feedstock. Both companies’ expect that this acquisition will allow new opportunities for additional production of both feedstock and blended bio-fuels. Currently, GeoAlgao's s executive team consists of Kenneth R. Bennet, former Arizona State Senator and Ronald D. Lewis, a leading Research Scientists. Mr. Bennett has over twenty years of experience as an executive in the fuels and oil distribution industry, serving as CEO of Bennett's Oil Co. and is currently serving as a member…