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HBS BioEnergy
HBS BioEnergy, which was formed in August of 2006
is a wholly owned subsidiary of Human BioSystems (OTCBB: HBSC) -
an early stage biomedical company.
HBS BioEnergy will operate as a separate
company and subsidiary of HBS for the purpose of developing the
bioenergy business including the two ethanol fuel production facility
projects to be acquired from EXL III Group Corporation ("EXL
III") pursuant to the Letter of Intent ("LOI") mentioned
in the press release dated July 27, 2006.
The formation of this subsidiary is the first step toward establishing
the organizational structure to consummate the acquisition and to
carry out HBS's plan to build the facilities that will produce renewable
fuel sources for the U.S. market.
On October 9th, 2006 Mr. Claude Luster, III
was named as the charter president of HBS BioEnergy.
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