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Carbonics Announces Culbertson, Montana-Based Oilseed Crush Facility Revival

October 6, 2009 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Carbonics Capital Corporation (OTCBB: CICS) announced today that the liquidation of inventory at its Culbertson, Montana-based oilseed crush facility (“Culbertson”) is complete.

Culbertson was previously unable to renew its working capital line of credit during the second half of 2008 and was therefore unable to complete its purchase of delivered oilseed inventory. Culbertson later cooperated with the Montana Department of Agriculture and the North Dakota Public Service Commission to liquidate and pay for the delivered crop. After several months of difficult work, and the tremendous efforts of Montana and North Dakota regulatory officials, Carbonics is pleased to report that the liquidation is complete.

Full Story: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20091005005846&newsLang=en

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