Mergers & Acquisitions: GeoBio Energy Shakes Up Management Structure
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May 14, 2010 (FinancialWire) — GeoBio Energy, Inc. (OTC: GBOE) has put together a new management team to execute its acquisition plan of the two oil and gas services companies, integrate operations, and focus on opportunities for organic growth and additional acquisitions.
The company will be led by John L. Sams as chief executive officer. He has held positions as president/CEO/director of an oil/gas related public AMEX listed company, a private Swedish company and president/COO/director of three other oil & gas/energy related companies. He has a B.S. in civil engineering and an MBA.
Joseph J. Titus will serve as chief operating officer. He has held senior operations, project leadership, and sales positions at a public AMEX listed company, a startup clean energy company, a private process heating company, multiple specialty chemicals companies, and a public biofuels company. He has B.S. in Chemical Engineering and Paper Science and an MBA.
Douglas A. Daniel will be the senior vice president of corporate development and finance. He has held positions of Managing director of NASDQ listed CBIZ Century Business Service and CEO of several of his own businesses. He has served as director or strategic advisor to more than a hundred companies in various stages of development-from start-up to IPO, including roles on the audit committee of public companies. He is a licensed CPA, a Certified Valuation Analyst, and a graduate of Georgia State University with a BBA in Accounting/Finance.
GeoBio and its investment bankers, I-Bankers Securities, Inc., are currently working to secure financing of up to $20 million to complete the acquisitions of the Colorado company and H&M.
GeoBio's business model emphasizes the acquisition and operation of existing companies in the oil and gas services and energy industry.
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