GeoBio Energy

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GeoBio Energy, Inc. focuses growth strategy on the chemical business of Magna Energy Services

GeoBio Energy, Inc. focuses growth strategy on the chemical business of Magna Energy Services

GeoBio Energy, Inc. recently made a strategic decision to focus its oil and gas service and chemical business on the acquisition of Magna Energy Services ("Magna") and accordingly terminated, as of September 13, 2010, a previously announced H&M Precision Products, Inc. acquisition agreement. GeoBio's management believes that the termination of the H&M agreement will enable GeoBio to direct its efforts toward completing the acquisition of Magna and supporting other proposed acquisition initiatives.  

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