COLUMBIA, Md., April 5 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (NasdaqCM: NGBF) ("NGBF" or the "Company") today announced the appointment of Dane R. Saglio as Chief Financial Officer, effective March 29, 2010.
Mr. Saglio earned his BS degree in business administration from the University of Maryland and is a licensed CPA.
"I am extremely excited to be joining New Generation Biofuel's management team," noted Mr. Saglio "New Generation's novel technique for the production of renewable fuels differentiates the Company from other renewable fuel providers and positions the Company for unique opportunities in an emerging industry. I look forward to contributing my experience and capabilities to help advance New Generation to a leadership position."
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and in subsequent filings with the Securities and Exchange Commission.
New Generation Biofuels Holdings, Inc.
