New CEO of Four Rivers Shares Strategy and Vision for Enhancing Shareholder Value

New CEO of Four Rivers Shares Strategy and Vision for Enhancing Shareholder
Value

CALVERT CITY, KY, Nov. 12 /PRNewswire-FirstCall/ - Four Rivers BioEnergy Inc.
(OTCBB: FRBE) ("4Rivers" or "Four Rivers" or "the Company") today announced a
letter to supporters and shareholders from its newly appointed Chief Executive
Officer, Stephen Padgett, providing a progress report on the Company's
strategic direction and development activities. Highlights of the letter are
included below and the letter in its entirety has been filed today on a form
8-K.
In his letter he explains the Group's aspiration to realize the potential of
bio-fuel and renewable energy by utilizing financial and operational expertise
to aggregate bio-fuel and renewable energy assets, integrate value added
technologies, and drive significant increases in efficiencies, output and
profitability.
Mr. Padgett paints a strong, upbeat picture of Four Rivers, whilst expressing
a note of caution, as he explains what the Group has been doing to position
itself for profitable growth following the two acquisitions made earlier in
the year. In particular, he clarifies 4Rivers focus on (a) targeting,
selecting and acquiring bio fuels assets, many of which are available at a
discount to cost, similar to those already acquired; (b) positioning those
assets for growth using 4Rivers diverse expertise; and then (c) raising
capital for those repositioned assets to enable 4Rivers transformation plans
to be recognised.
He points out that the Group is working with several potential providers of
capital who would become financial partners with 4Rivers, investing directly
into the company's assets and leveraging 4Rivers' ability to create
substantial value.
He states the Group's view that bio-fuels is a misunderstood sector, which has
suffered from poorly conceived and executed business models in its early
stages, leaving a weak industry that has fallen foul of the global recession
on a large scale and many investors and commentators nervous and uncertain
about its potential. Four Rivers believes that the situation presents a major
opportunity to acquire discounted assets and transform them into diverse,
profitable next generation bio energy businesses, which is at the heart of its
strategy.
Mr. Padgett pays tribute to the team at Four Rivers and the wider group of
investors, business partners and associates that make the group what it is
today and states his commitment to profitable growth and enhancing shareholder
value.

About Four Rivers

4Rivers is a Bio-Energy company that is focused on building value through
selective acquisitions of Bio-Energy sector assets and technologies and in the
introduction of technologies and other profit improvement initiatives to those
acquired assets and to potential new developments utilizing those
technologies, its know-how and expertise. Its management believes that now is
an attractive time to acquire core assets and consolidate and improve them
through the application of technology, knowhow, expertise and effective
logistics, as demonstrated by two asset purchases completed earlier in this
year.

About Geo Genesis

Geo Genesis Group Limited, a Marshall Islands registered company which listed
on PLUS in April 2008, operates as an investment vehicle and/or strategic
adviser to companies based and/or operating in emerging markets, primarily
focused in China, seeking to raise capital in the EU, Hong Kong and the United
States. Its key objectives are to generate revenue and/or acquire equity
positions in investee companies, advisory clients or assets in emerging
markets. The Company is also establishing various sector specific private
equity closed-end investment companies to invest in investee companies
directly.

About Corporate Profile

Corporate Profile, LLC is a New York City based full service investor
relations firm providing retail and institutional investment community
targeting and road shows, as well as corporate positioning and communications
for publicly traded companies. Corporate Profile introduces companies to
funding sources and provides strategic networking with the global financial
services and investment banking industry in order to support the highest
possible valuation of the client.

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are based on
management's good faith views and expectations when made. Forward-looking
statements are inherently subject to known and unknown risks and uncertainties
which, in the case of the company, include raising adequate capital to
continue operations, technology and product development uncertainties,
competition, cost and availability of feedstock, and plant development and
manufacturing scale up. Actual results may differ, perhaps materially, from
those discussed in the forward-looking statements. The company discussed in
this release is not obligated to update its forward-looking statements or
comment on those differences. Readers are encouraged to refer to the recent
public filings of the company to further ascertain the risks associated with
the forward-looking statements. Readers are urged not to place undue reliance
upon such statements.

Four Rivers BioEnergy Inc.

Open Letter to Stakeholders

Upon taking over my new role as Chief Executive Officer, I wanted to write an
open letter to all of our stakeholders - our shareholders, employees,
contractors, suppliers, customers, business partners and others who have
contributed to and followed the development of Four Rivers since its formation
in 2007.

Strategic Overview

The principal strategy, that we set out from the start, remains central to
everything that we are doing and hope to accomplish - to create value in the
bio-fuels space through the deployment of our operational, logistical and
commercial expertise and the application of proven technology. Our approach is
differentiated in several key respects and is designed to both increase
operating efficiency and profitability and materially reduce risk.
Initially, we set out to build a 'state-of-the-art' bio-fuels plant on the 437
acres plot of land in Kentucky that was carefully selected for that purpose
and acquired in early 2008. The global recession postponed these plans, while
creating a parallel opportunity - to apply that same technology and expertise
to assets that had become distressed as a result of the recession and could be
acquired at a substantial discount.
In early 2009, we successfully closed our first two acquisitions. Firstly, we
acquired Kreido's proprietary STT(R) technology together with their
substantially complete 50mmgy bio-diesel plant built around STT reactors. Our
second acquisition was a 35mmgy bio-diesel plant in England, which we acquired
out of a pre-packed insolvency that provided substantial expertise in the use
of multiple feedstocks (including used cooking and other oils) for the
production of high quality bio-diesel.
Both of these opportunities met our criteria for targeted bio-fuels assets: a
deeply discounted acquisition cost and demonstrable opportunity to make
substantial improvements through the application of technology and expertise.
As the bio-fuels sector continues to evolve, we see increasing opportunities
and have further refined our strategy to maximize our ability to capitalize on
them.

Our strategy has several themes:

1. To acquire, at a significant discount, distressed assets which failed
during the recession due to a multiple of factors including poor
financial structuring, expensive construction costs, weak commercial
risk management and poor application of technology;

2. To initially stabilise those assets through the application of strong
operational and commercial management and technological and process
expertise;

3. To build around those acquired assets to transform them using our
"Four Rivers Improvement Programme", which has been developed from
the design of the originally envisaged flag ship site with further
enhancements. This programme essentially applies proven technology,
design and know-how to broaden and diversify feedstock and end
product thereby reducing risk and improving operational efficiency
and profitability. The programme also introduces technologies that
optimise energy efficiency and balance and enhance 'green'
credentials.

4. To create an integrated, group wide, transatlantic strategy to manage
commercial exposure in the area of feedstock and end product pricing
and logistics, thereby effectively managing commercial risk and
optimising margins.

Our approach, when fully deployed, transforms a single product, localised
bio-fuels plant into an integrated facility with enabling technology to
utilise a wide range of feedstock and produce an expanded range of feed, food
and energy outputs as part of a proposed transatlantic platform, with improved
operational efficiencies, returns and minimised risk.

Corporate Finance

Further capital is required to create substantial value from our strategic
plan. We have determined that the most appropriate strategy to obtain this
capital is through a combination of two initiatives:

(a) Raising capital through the issuance of new shares in 4Rivers; and

(b) Attracting direct equity and debt finance into our acquired
businesses, which we will, where appropriate, spin off into special
purpose vehicles to facilitate such financing, once we have
stabilised and improved them to the point where they present good
quality investment opportunities.

We believe this two-pronged approach allows 4Rivers to retain maximum returns
to our stockholders without necessarily suffering substantial dilution.

Operational focus

Since the acquisition of the Kreido assets and the UK bio diesel plant, we
have been concentrating our efforts in three areas:

1. Stabilising the UK plant: We have met our objective of ensuring that
the plant will produce high quality bio-diesel from a wide range of
used oils on a sustainable and commercial basis. We are currently
raising additional capital to enable the launch of an international
feedstock procurement plan and make certain technology improvements,
which will transform the plant's operational efficiency and
profitability. These enhancements include the deployment of an STT(R)
reactor. Our medium term plans for the plant include further
technology enhancements and increasing its capacity to use the
substantial unused infrastructure that exists on the site, as well as
develop logistics infrastructure at the nearby deep sea water port.

2. Commercialising the STT(R) assets: Our objective is to develop and
implement a viable commercial strategy for our STT(R) technology and
assets. Our approach is to sell or lease STT(R) reactors to existing
or new bio-diesel plants, including those that we acquire, and
develop alliances to deploy the technology in other industries. We
are in the process of completing this commercialisation phase and
will announce plans for the future direction of our STT(R) business
shortly.

3. Ongoing acquisitions: We continue to actively identify and evaluate
potential acquisition opportunities that meet our stringent criteria.
Since completing our first acquisitions, we have entered into
negotiations with several other potential vendors, although none of
these have attained the firm commitment stage.

I will continue to focus our activities in these areas and believe that there
are considerable synergies to be exploited by building a substantial,
transatlantic bio-fuels group and deploying our strategies on a larger scale.
We have been reconsidering the utilisation of the land that we originally
purchased in Kentucky and have concluded that it is more appropriate to
capture the $6.1 million estimated value of this land by potentially selling
it, or otherwise using it to realise cash, to fund our ongoing strategy.
Consequently, we have placed the land with an agent for sale, although to
maximise value this may take some time to realise.
We have recently appointed the Energetics Capital Markets Group Limited group
in London, together with Geo Genesis Group Limited, their associate in New
York, to assist us in developing and deploying our corporate finance strategy.
In addition we have appointed Corporate Profile LLC, in New York, to work with
Energetics and Geo Genesis in the area of Investor Relations and
Communications. We believe that these partners are expert in their respective
fields and understand our sector, strategy and business opportunities. We look
forward to working with them to expand the capital base of Four Rivers.
In short, I am delighted to have been appointed by the Board to serve as Four
Rivers Chief Executive Officer. I believe that, whilst there are a number of
challenges ahead, we have the right strategy for bio energy at the right time
and the right team and set of business partners to help us drive forward and
achieve our vision.

Sincerely,

Stephen Padgett

SOURCE Four Rivers BioEnergy Company Inc.

regarding Four Rivers please contact: Stephen Padgett, Chief Executive
Officer, Tel: (270) 395-0176, Fax: (270) 395-0323, Email:
stephenpadgett@riv4ers.com; Martin Thorp, Chief Financial Officer, Tel +44 207
499 1730 or +44 77 1717 5500, Fax (270) 395-0323, Email:
martinthorp@riv4ers.com; For further information visit www.geogenesisgroup.com
or contact: Roger Bendelac, Chief Executive Officer, Geo Genesis Group
Limited, Tel: (917) 969-5475; For further information regarding Corporate
Profile, LLC contact: Laurel Moody, Investor Relations, Corporate Profile,
LLC, Tel (646) 810-0608, Email: lmoody@corporateprofile.com