Company

On July 3, 2008 Earth Biofuels, Inc. announced the closing of a share exchange with PNG Ventures, Inc. (OTCBB: PNGX) that has resulted in PNGX acquiring EBOF’s wholly-owned subsidiary, Applied LNG Technologies USA, LLC (“ALT”) and its related LNG entities, in exchange for the transfer to EBOF of a majority ownership of PNGX.

ALT owns a liquefied natural gas (LNG) processing facility in Topock, Arizona, which has a production capacity of over 80,000 gallons of vehicle-grade LNG per day. LNG produced by the plant is sold primarily to municipal and commercial fleet customers in the western United States.

For more information, please email us at info@altlngusa.com.

 


"Applied LNG Technologies, www.altlngusa.com, under its new ownership, PNG Ventures, Inc., will continue to provide the most reliable and economical natural gas fuel solutions in the industry," said Kevin Markey, Interim CEO, "We look forward to continuing to provide fuel solutions that will meet our customer's specific needs".

Management

Kevin Markey
Interim CEO

Kevin Markey, former VP of Earth LNG (ALT LNG), will now be serving as Interim CEO of PNG Ventures (OTCBB: PNGX).  Markey is a CPA and has been a controller in the Dallas - Fort Worth area for approximately 20 years. He is responsible for Earth LNG’s operations including administration, accounting, logistics, LNG production at the Topock, Arizona facility, gas sales for excess seasonal capacity, and customer and vendor relations.  He began his career with Phillips Petroleum’s alternative fuels’ Geothermal Group during which time he introduced innovations in accounting funding processes.  He then worked with the Governance Service Software Company, did media consulting, returned to the alternative fuels industry with a start up ethanol company. Most recently he worked four years for a consumer products manufacturing company where he managed logistics and assisted in cost-cutting efforts which resulted in reduced carrier costs of $1million per year. He holds a Bachelor of Arts and Bachelor of Science in Accounting and Sciences from the University of Texas at Dallas and an MBA from East Texas State (now Texas A&M-Commerce).
 


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