Woodfuel.com - Press Releases

Press Releases

4/25/2000

WoodFuel.com's B2B Web Venture Captures First Woodfuel Supply Agreement With NOVUS Wood Group LP


Untitled Document

HOUSTON, April 25 /PRNewswire/ -- WoodFuel.com announced today that it has entered into its first major woodfuel supply contract with NOVUS Wood Group LP, one of the largest suppliers of Biomass woodfuel and related products in Texas. Underscoring the company's commitment to the development of e-commerce in its industry, NOVUS Wood Group's former parent company, NOVUS Systems, Inc. has made an equity investment in WoodFuel.com.

"E-business represents a tremendous opportunity for the alternative fuel industry. WoodFuel.com's virtual pipeline of woodfuel products is the answer to what our industry needs," said Bill Winters, president and CEO of NOVUS Wood Group. "WoodFuel.com has created a way to streamline this very fragmented market, thus making transactions more efficient for both the buyers and suppliers of woodfuel products."

As part of this alliance, NOVUS Wood Group has agreed to put under contract a majority of its annual production of woodfuel products to WoodFuel.com. This supply agreement represents more than 500 thousand tons of woodfuel product per year.

"This supply agreement with the NOVUS Wood Group represents a giant step in validating our concept of the virtual woodfuel pipeline and the need we will fill in the marketplace. NOVUS Wood Group is an excellent strategic partner for WoodFuel.com as we develop and grow our community," said Scott Mactier, WoodFuel.com partner. "We look forward to partnering with NOVUS Wood Group to expand our offerings and explore how we can leverage e-commerce in the gathering, purchasing and delivery of woodfuel products."

About NOVUS Wood Group

NOVUS Wood Group is a Houston-based firm that aggregates, processes and delivers more than 500 thousand tons of wood fuel product throughout Texas, Louisiana and Arkansas. In addition to woodfuel, the company also produces a broad range of other products, such as, Native Mulch, Colored Mulch, Bark Mulch, Particleboard Furnish, Erosion Control Products and Playground Fall Surface. For more information, visit www.novuswoodgroup.com.

About WoodFuel.com

WoodFuel.com is an innovative, business-to-business, e-commerce company that links buyers and suppliers of raw wood material online. WoodFuel.com also forms alliances with equipment and transportation companies to provide a virtual pipeline of wood fuel products. For more information, visit www.WoodFuel.com.



Back