EOP Biodiesel AG
EOP Biodiesel AG: EOP Biodiesel AG enlarges Board of Management
EOP Biodiesel AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- EOP Biodiesel AG enlarges Board of Management Growing business and positive market development Pritzwalk, Germany, 29th January 2008 – The supervisory board of EOP Biodiesel AG, Pritzwalk, appointed Bengt Korupp (36) for the board of management as of 1 January 2008. He will be responsible for purchase and distribution. Mr. Korupp has been with EOP AG since its foundation and is responsible for these areas since 2005. 'With the appointment of Mr. Korupp we pay tribute to the growing sales volume and the solid domestic demand', says Klaus-Maerten Hinrichs, chairman of the supervisory board. Due to the market development in Germany, EOP Biodiesel AG is mainly focused on the blending market (B5 market) and supplies a number of companies in the mineral oil industry. For the calendar year 2008, EOP has already sold 85% of the production capacity to the mineral industry for blending. The export business is supposed to gain importance over time. 'On the purchasing side, due to constantly high raw material prices, we have to include the East European rape- and rape oil producers to achieve attractive average purchase prices. This will play an important part in how the performance situation of EOP Biodiesel AG will develop,' says CFO, Prof. Dr. Karl-Wilhelm Giersberg. The semi-annual report for the first half of the 2007/08 financial year (until 31 December 2007) will be published on 31 March 2008. Contact: equinet Communications AG Volker Siegert Tel.: +49 69 58997-305 Fax: +49 69 58997-349 Mail: communications@equinet-ag.de www.eopbiodieselag.de This announcement is neither an offer to buy nor an invitation to make an offer to purchase or subscribe to securities. No public offer of shares in EOP Biodiesel AG was made in connection with the open market launch of EOP shares on the Frankfurt Stock Exchange. This announcement does not constitute a share prospectus. It and the information that it contains are not intended for direct or indirect circulation to or within the United States of America, Canada, Australia or Japan. 29.01.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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