BNET Industries

Convergence Ethanol Inc.

(CETH) is in the Technology Industry

Market Cap:$84.2K
Last Fiscal Year Sales:$9.2M
  • Public
  • US
Dow Jones Description

(a) ConSil Corp. (ConSil), formerly Consolidated Silver Corporation, held mineral properties in Shoshone County, Idaho known as the Silver Summit mine. On November 14, 1995, ConSil's stockholders approved the sale of its interest in the Silver Summit mine and adjacent mining properties located in Shoshone County, Idaho to Sunshine Precious Metals, Inc. (Sunshine) for a cash payment of $750,000 plus a variable production royalty tied to the price of silver. During 2000, Sunshine was reorganized through a Chapter 11 bankruptcy and shut down operations at its Sunshine Mine located adjacent to the properties subject to ConSil's production royalty. Following the sale of ConSil's Silver Summit mine in 1995, ConSil was actively involved in exploration and acquisition activities primarily in Mexico. ConSil was unsuccessful in its exploration and acquisition activities and, since the fourth quarter of 1997, ConSil has been inactive. (b) No information is presented as to Industry Segments.

Chief Executive Officer, President and Chairman of the Board of DirectorsJames A Latty
Contact Information

5701 Lindero Canyon Rd

#2-100

Westlake Village, California 91362

conethanol.com

818-735-4750

NAICS Code Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables: 334513

News & Analysis

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convergence ethanol inc. - All News and Analysis

  • Convergence Ethanol Reports 1st Quarter Sales Growth

    - 2007-03-13

    Net Sales Rise 50% to Highest Level in Company History LOS ANGELES -- Convergence Ethanol[TM] Inc. (OTCBB:CETH) today announced financial results for its fiscal 2007 first quarter, ended December 31, 2006. The Company posted net quarterly sales of $3,947,772. These results compare to net sales of $2,626,519 in...

  • Convergence Ethanol Announces Election of New Board Member

    - 2007-02-06

    LOS ANGELES -- Convergence Ethanol[TM] Inc. (OTCBB:CETH) announced today the election of John C. Fitzgerald to the company's board of directors. This election fills the vacancy left by a November 2006 resignation and brings the board to the quota called for in company by-laws. Fitzgerald is...

  • People in Energy: Chuck Martin New VP, GM of Convergence Ethanol's Texas Subsidiaries

    - 2007-02-01

    ENERGY RESOURCE-1 February 2007-People in Energy: Chuck Martin New VP, GM of Convergence Ethanol's Texas SubsidiariesC2007 JeraOne - http://www.jeraone.com Convergence Ethanol Inc. has named Chuck Martin vice president and general manager of the company's Texas subsidiaries, Bott Equipment and Gulfgate Equipment. Martin, who has 18...

  • Convergence Ethanol Announces Chuck Martin Hired as Vice President and General Manager of Bott & Gulfgate Divisions

    - 2007-02-01

    LOS ANGELES -- Convergence Ethanol[TM] Inc. (CETH.OB) (OTCBB:CETH) announced today that Mr. Chuck Martin has been hired as Vice President and General Manager of the company's Texas subsidiaries: Bott Equipment and Gulfgate Equipment. With 18-years experience in the domestic and international pump and equipment industry, Mr. Martin will...

  • Convergence Ethanol CEOs Podcast on MN1.com.

    - 2007-01-31

    M2 PRESSWIRE-31 January 2007-MN1.com: Convergence Ethanol CEOs Podcast on MN1.comC1994-2007 M2 COMMUNICATIONS LTD RDATE:30012007 DALLAS - If you didn't get the chance to hear MN1's interview Dr. James Latty, CEO of Convergence Ethanol Inc. (CETH.OB), on Monday, Jan. 29, 2007, you...

Decision Makers

Name (plus bio) Position
Daniel Moscaritolo Coo and Director
Richard W York Chief Financial Officer

Board of Directors

Name (plus bio) Position
James A Latty Chief Executive Officer, President and Chairman of the Board of Directors
John C Fitzgerald Board of Directors
Steve Newsom Board of Directors

James A. Latty, Ph.D., PE was appointed Chief Executive Officer and Chairman of the Board on July 1, 2005, in addition to the position of President, which Dr. Latty has held since September of 2004. Since 1992, Dr. Latty has been president of JAL Engineering, an engineering services provider wholly-owned by Dr. Latty specializing in power and petro-chemical process technologies. >From April 2000 to September 2004, Dr. Latty was a director of business development for Rockwell Scientific, Inc.

Organization Position Status
Convergence Ethanol, Inc. Chief Executive Officer, President and Chairman of the Board of Directors Current

On November 14, 2006, Danny Moscaritolo submitted a letter of resignation to resign as a member of the Board of Directors of the Company. On November 17, 2006, Daniel Moscaritolo was terminated from his position as Chief Operating Officer. On December 13, 2006, Mr. Moscaritolo presented management with a purported action by written consent of the shareholders of the Company indicating that the shareholders had elected to remove the current board of directors and elect Daniel Moscaritolo and Thomas Hemingway as directors. Mr. Moscaritolo also presented management with two separate purported actions by written consent of the new purported board of directors indicating that the Company's current officers, James A. Latty and Richard W. York, were terminated and that Mr. Moscaritolo was elected to serve as Secretary of the Company and Mr. Hemingway was elected to serve as President and Chief Executive Officer of the Company. The Company rejected the purported shareholder action on the grounds that, on its face, the purported action showed an insufficient number of votes had been obtained to approve the requested action, and on the further grounds that the consenting shareholders had violated the proxy rules set forth in Section 14 of the Securities Exchange Act of 1934, as amended (the "Act"). In light of the invalidity of the purported shareholder action, the Company also rejected the actions of the new purported board of directors terminating and replacing the officers of the Company.

Organization Position Status
Convergence Ethanol, Inc. Coo and Director Current
Organization Position Status
Convergence Ethanol, Inc. Chief Financial Officer Current
Organization Position Status
Convergence Ethanol, Inc. Board of Directors Current
Organization Position Status
Convergence Ethanol, Inc. Board of Directors Current
The University of Houston Master's of Business Administration Former
Texas A&M University Undergraduate Degree In Maritime Systems Engineering Former
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     CETH $0.01 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 27,489
Shares Outstanding 21.05M
Market Cap 105.3K
Year High 0.025
Year Low 0.0001
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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