BASEHOR, Kan. -- Ethanex Energy Inc. has entered into an agreement with Eco-Energy Inc. for the marketing of its ethanol production.



Under the terms of the agreement Eco-Energy shall purchase Ethanex's entire output of ethanol for a minimum of five years at prevailing market prices as well as provide certain transportation and logistics services.



Eco-Energy is the largest independent ethanol marketer in the United States, selling into every blending location in the country. Consistently ranked in the top three ethanol suppliers to the petroleum industry, Eco-Energy will provide the marketing services necessary for Ethanex's production facilities to maximize their return on investment.



"Eco-Energy seeks to align itself with companies that bring competitive advantages to the ethanol industry through location, cost or technology to ensure long-term viability and success of the relationship," said Andy Sallee, COO for Eco-Energy Inc. "Eco-Energy is pleased to have entered a long-term ethanol marketing agreement with Ethanex Energy, Inc. We believe Ethanex's model will allow them to remain a very competitive, long-term supplier as the ethanol industry continues to grow. Further, these facilities will help Eco-Energy enhance its ability to ship from multiple locations."



"We believe that Eco-Energy's non-pooled marketing program and exceptional access to ethanol end users is the best solution to leverage Ethanex's strategic plant locations," said Al Knapp, President and Chief Executive Officer of Ethanex. "This relationship represents another key building block that we have secured in our first 120 days as a public company. We look forward to an eventful 2007."



Eco-Energy Inc. is a leading energy and chemical marketing and trading company with offices in Franklin, Tenn., and Los Angeles. The company was founded in 1992 and has established an excellent reputation serving clients in the petroleum, renewable fuels and chemicals industries. Eco-Energy's mission is to serve ethanol, bio-fuel, chemical producers and end users.



Ethanex Energy Inc. is a renewable energy company that applies next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities in the Midwest with a combined production capacity of approximately 400 million gallons of ethanol per year. The company expects these three plants to be operational in 2008. Ethanex Energy is based in Basehor, Kan., with offices in Santa Rosa, Calif., and Charleston, S.C.



SOURCE: Ethanex Energy, Inc. via Business Wire.