Company Information

Company: In December of 2005, Biosource America, Inc. formed an independent corporation, primarily for the acquisition of Biosource Fuels assets. In February 2006, Biosource America, Inc. acquired the assets and proprietary technology of Biosource Fuels, LLC. Biosource Fuels LLC.'s biodiesel production technology was originally developed by Kenosha Beef International in 2000. The technology can efficiently process over 25 different animal fats and various grain oils with free fatty acid (FFA) levels of up to 60% and produce two marketable products, ASTM standard biodiesel and technical grade glycerin.

In March 2006, Biosource America, Inc. was acquired by Nova Biosource Fuels, Inc. ("Nova") a public company listed on the OTC Bulletin Board and trading under the symbol NVBF. As a result of this acquisition, Biosource America, Inc. became a wholly owned subsidiary of Nova.

On May 14, 2007, Nova moved to the American Stock Exchange and trades under the symbol NBF.

Mission Statement: Nova's mission is to profitably commercialize its patented, proprietary biodiesel technology and become the industry leader and dominant U.S. biodiesel provider. Accomplishing Nova's mission will ensure the enhancement of shareholder value.

Strategic Focus: Using its unique refining technology, Nova will initially focus on building, owning, and operating multiple biodiesel refining facilities, both domestically and globally.

Biodiesel: Biosource America's high-quality biodiesel meets and exceeds ASTM D 6751 standards. Our biodiesel can be used in diesel engines with no modifications as 100% biodiesel (B100) or mixed with petrodiesel; most commonly as a 20% biodiesel blend (B20). Biodiesel enhances petroleum diesel in that it has the ability to extend engine life and decrease operating expense due to the increase in engine lubricity. Furthermore, biodiesel is biodegradable, nontoxic, and essentially free of sulfur and aromatics. Currently, the key markets for biodiesel are mass transit, commercial fleets, marine, and use in environmentally sensitive areas.