
$25
Million Equity Goal Achieved!
NPP
Groundbreaking Ceremony set for March 26th
(Evansville, WI - March 21, 2007) North Prairie Productions,
LLC, (NPP) has announced a March 26th groundbreaking ceremony
to celebrate the upcoming construction of their 45 million
gallon per year capacity biodiesel plant in Evansville,
WI.
Festivities are scheduled to start at 9:30 am with Governor
Jim Doyle on hand for the ceremonial groundbreaking at
10:00.
The announcement follows NPP’s achievement in attaining
over $25 million in equity investment from over 800 investors
drawn from throughout Wisconsin. The $25 million investment
threshold was established in its Offering as the minimum
at which the company would break escrow and begin construction.
Letters have been sent to subscribers, and the company
expects to officially close on the $25+ million in subscriptions
received on or about April 6th.
According to NPP Vice President Jeff Pieterick, “We
now have sufficient equity in place to allow us to finalize
contracts and move forward with our plans to commence
construction this Spring. Everything appears to be progressing
along the aggressive timeline we established at the start
of this project, and we are pleased for the support of
our Wisconsin investors that has made it all possible.”
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Notice Regarding Forward-Looking
Statements
This press release includes forward-looking statements.
All statements regarding North Prairie Products, LLC’s
expected operations, financing plans, business strategy,
budgets, projected capital expenditures, products and
services, competitive positions, growth opportunities,
plans and objectives of management for future operations,
as well as statements that include words such as “anticipate,”
“if,” “believe,” “plan,”
“estimate,” “expect,” “intend,”
“may,” “could,” “should,”
“will” and other similar expressions are forward-looking
statements. Please recognize that all forward-looking
statements involve a number of risks and uncertainties
that could cause our actual results to differ materially
from the estimates, expectations, beliefs, intentions,
projections and strategies reflected in or suggested by
the forward-looking statements. NPP disclaims any intention
or obligation to update any forward-looking statements
as a result of developments occurring after the date of
this press release.