We believe this Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of our Management, based on information currently available to our Management. When we use words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “should,” “likely” or similar expressions, we are making forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations. They involve risks, uncertainties and assumptions. Our future results and stockholder values may differ materially from those expressed in the forward-looking statements. Many of the factors that will determine these results and values are beyond our ability to control or predict. Stockholders are cautioned not to put undue reliance on any forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. For a discussion of some of the factors that may cause actual results to differ materially from those suggested by the forward-looking statements, please read carefully the information under “Risk Factors” contained in our Form 10-K for the fiscal year ended December 31, 2011.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers.

On July 16, 2018, Mario Larach resigned as an officer and director of the Company. At the next board meeting it is anticipated that Gary R. Smith, who currently serves as Chief Operating Officer, will become interim Chief Executive Officer until his successor is elected.

Item 8.01 Other Events.

On July 16, 2012, the Company received $81,000 from an investor to purchase 27,000 shares of Common Stock at $3.00 per share. These funds are being utilized by the Company to install six storage facilities which are owned by the Company at various fuel storage terminals of Kenan Advantage Group (“KAG”). Installation of these storage facilities should be completed by mid September, 2012. Management believes that KAG will purchase approximately 20,000 gallons of bio diesel per month for these storage facilities. Based upon the current selling price of our G2 Diesel of $5.15 per gallon, sales by the Company to these six storage facilities should generate approximately $100,000 per month after installation is completed.

The glycerin by-product from the production of approximately 20,000 gallons of G2 Diesel per month is expected to yield an estimated 2,200 gallons of crude glycerin. As previously announced in a prior Form 8-K filed in May 2012, the Company has an independent sales agreement with MAX V, LLC to make every effort to sell its glycerin by product at $25 per gallon to dairy farmers and to then pay 50% of all sales collected to the Company.

No assurances can be given that the Company’s G2 Diesel and glycerin by product will be successfully sold.

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