301 20 th
Avenue SE – PO Box 933
Watertown, SD 57201
Phone: 605-882-8480
Fax: 605-882-8982 www.glaciallakesenergy.com
PRESS RELEASE
Contact: James A. Seurer
Chief Executive Officer
Glacial Lakes Energy, LLC
PO Box 933
301 20 th
Avenue SE
Watertown, SD 57201
Phone: (605) 882-8480
Fax: (605) 882-8982
FOR IMMEDIATE RELEASE---July 14, 2010 —Mina, SD: GLE Adds Northern Hand County-Area Storage
Growers in the northern Hand County area now have a more convenient location to dump and store corn. Glacial Lakes
Energy, LLC with locations in Mina and Watertown, SD, has entered into an agreement with Roger’s Brothers Grain
Storage to utilize its grain facility located 14 miles north of Miller near the intersection Highway 45 & 26. The two parties have entered into a short-term agreement with the ability to extend to a long-term agreement if the arrangement proves beneficial to both parties.
“We want to provide service to our producer members in the Miller, Redfield, and Faulkton area,” says Roger Hansen,
GLE’s Director of Grain Commodities. “This partnership allows us to do just that.” This site is a win-win as it will allow
GLE to procure corn from a greater distance as well as provides security of corn supply in what appears to be a short crop year. Since GLE Mina has limited corn storage, the Rogers Brothers site is a natural fit as it increases storage capacity by thirty percent.
“Another benefit to the Roger’s Brothers site is the utilization of transportation,” says Hansen, “We have a large number of distillers trucks that travel past this storage facility each day. We intend to use those trucks to bring corn from this site to
Mina and backhaul distillers to our customers.
”
The location has scales and testing equipment and will be staffed Monday through Friday from 8:00 am to 5:00 pm. GLE will post a separate daily corn bid on its website and on DTN. Contracted or spot corn deliveries will be accepted at this offsite facility from members and nonmembers.
“It’s a great deal for the area market to have a local delivery point,” stated Mike Rogers, owner of Rogers Brothers Grain
Storage. “We look forward to serving the area producers as well as the members of GLE.”
For more information or to contract corn, please contact Jason Wambach, GLE Commodities Merchandiser at 605-225-
9900. For delivery information, please contact Rogers Brothers Grain Storage Terminal Manager Kristin Hargens at 605-
853-2660. Or visit GLE’s website at www.glaciallakesenergy.com
Cautionary Statements Regarding Forward- Looking Statements
This document contains forward-looking statements involving future events, future business and other conditions, our future performance and our expected future operations and actions. In some cases you can identify forward-looking statements by the use of words such as “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate,” “predict,” “hope,” “should,” “could,” “may,” “future,” “continue,” “potential” or the negatives of these terms or other similar expressions. These statements are based on management’s beliefs and expectations and on information currently available to management.
Forward-looking statements are only our predictions and involve numerous assumptions, risks and uncertainties. Important factors that could significantly affect future financial condition and results include, among others, operating margins in the ethanol industry, the rapid pace of expansion in the industry, the cost of corn and the price of ethanol, changes in ethanol supply and demand, changes in current legislation or regulations that affect ethanol supply and demand, disruptions to infrastructure or in the supply of raw materials, the results of our risk management and hedging transactions, and ethanol industry valuations generally.
Our actual results or actions may differ materially from those set forth in the forward-looking statements for many reasons, including events that are beyond our control or assumptions not proving to be accurate or reasonable. We caution you not to put undue reliance on any forward-looking statements, which speak only as of the date of this document. We cannot guarantee our future results, levels of activity, performance or achievements
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