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Company Description We are a development-stage ethanol company pursuing large-scale production and nationwide distribution of ethanol supported by low-cost production, secure corn supply and sophisticated logistics and risk management capabilities. We are currently constructing three modern fuel ethanol plants that will each have the nameplate capacity to produce at least 100 million gallons per year, or Mgpy, of denatured ethanol by November 2007. In addition, we are developing three more 100 Mgpy facilities to be financed in part with proceeds from this offering, bringing our combined expected production capacity to at least 600 Mgpy in the fourth quarter of 2008. ------ Our principal executive offices are located at 2200 Ross Avenue, Suite 4900W, Dallas, Texas 75201, and our telephone number is (214) 740-6800. Our corporate website address will be www.asabiofuels.com.

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