1Q is out!

Where we are . . .
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The number of outstanding shares of common stock as of May 20, 2009 was 500,000,000.

We significantly reduced overhead during the latter half of 2008, we cut headcount down to 20 as of May 20, 2009, . . .

As of March 31, 2009, we also owned a 10 million gallon per year biodiesel facility in Adrian, Michigan and an oilseed crush facility in Culbertson,Montana. These two facilities were idled during the first quarter 2009 due to alack of working capital. The Company's speciality equipment manufacturing operations were also idled during the first quarter of 2009. The Company intends to scale this operation as needed to fulfill the Company's growth needs as it builds, installs and maintains its various corn oil extraction facilities.

We have arranged for sufficient but costly bridge financing to cover essential overhead needs and we expect to be able to continue to rely on similar financing for the foreseeable future pending the resurrection of our working capital resources and the completion of sufficient construction financing. Until this occurs, our plan to generate the cash resources we need to cover our overhead and other cash needs is to produce and sell corn oil from our installed base of extraction facilities.

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Revenues
Total revenues for the three months ended March 31, 2009 were $855,658 representing a decrease of 2,040,141, or 70.5%, over the three months ended March 31, 2008 revenues of $2,895,799. Revenue for the three months ended March 31, 2009 included:

>> $624,334 in biofuel sales and,
>> $231,324 in equipment and technology sales.

In the comparable period of last year, our revenues were comprised of $331,371 from the sales of biofuels and $2,564,428 from sales of equipment and technology.

Production:
Corn oil extracted (gallons) 461,211
Average gross price of corn oil sold per gallon ($) 1.15

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Where we are going . . .
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Our revised plans for 2009 involve the following activities:
>> Divest our existing biodiesel refining and oilseed crush operations;

>> Complete rationalization of our overhead to the needs of our core competence (clean technology development) and the source of the cash flows we need to acheive break-even (our existing corn oil extraction facilities);

>> Complete the financing necessary to build out the extraction facilities included in our contracted backlog and then as many additional extraction facilities as possible as quickly as possible;

>> Reduce the substantial majority of our convertible and other debt; and,

>> Focus exclusively on servicing the growth needs of our extraction technologies while facilitating the development of other clean technologies in our portfolio by issuing an early adopter license for use of our Cellulosic Corn(TM) technologies (not including extraction) to a qualified corn ethanol producer to finance and administer early stage development activities (see Note 17, Subsequent Events, to the Company's Condensed Consolidated Financial Statements.)

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See entire 1Q here
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000048/gersq109.txt

More Later,
SkunK