Media Coverage

TexCom Secures $10.6M in Equity Financing

Houston Business Journal

August 9, 2006

TexCom Inc. has inked a membership interest purchase agreement with U.S. Renewables Group LLC, which calls fro SURGE to provide $10.6 million in equity funding to Houston Biodiesel LLC, a TexCom affiliate.

TexCom will contribute an additional $3.5 million to complete the equity component of the funding. The company will also act as asset manager for the project to construct a 35 million-gallon-per-year biodiesel production facility at the LBC Terminal in Seabrook.

In addition, TexCom will receive a significant carried interest and ownership in the plant, and be responsible for operations.

Headquartered in Houston, TexCom pursues investment opportunities in certain energy-related businesses and develops them for commercial potential.

USRG, based in Los Angeles, is an investment company capitalizing on the fastest-growing segments of the $650 billion energy marketplace.

Copyright 2006 American City Business Journals, Inc.

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