Earth Biofuels Spins Off LNG Subsidiary in Consideration for Majority Ownership of PNG Ventures

Monday, July 7th, 2008

DALLAS--(BUSINESS WIRE)--Earth Biofuels, Inc. (OTCBB: EBOF) today announced the closing of a share exchange with PNG Ventures, Inc. (OTCBB: PNGX) that has resulted in PNGX acquiring EBOF’s wholly-owned subsidiary, New ...