SIOUX FALLS, S.D. (April 19, 2007) – POET, formerly known as Broin Companies, announced today that all 26 of its ethanol production facilities have changed their name to POET Biorefining. With the addition of the plants, the 32 entities that made up the Broin Companies are now united under the POET brand as the largest dry-mill ethanol producer in the country.

POET President & CEO Jeff Broin said the change will strengthen their communications and more clearly represent their position in the ethanol industry. “The 32 entities that comprise POET have always operated as one,” said Broin. “Now that we are operating under the same name, the strength of our team will be unmistakable.”

The 19 POET Biorefining facilities currently in production provide more than 800 jobs and have an annual production capacity of more than 950 million gallons of ethanol per year. When POET Biorefining – Corning begins production next month, POET's annual capacity will exceed one billion gallons. In addition, POET has seven plants that are in construction or development.

About POET
POET, the largest dry mill ethanol producer in the United States, is an established leader in the bio-refining industry through project development, design and construction, research and development, plant management, and marketing. Formerly known as Broin, the 20-year old company currently operates 19 production facilities in the United States while marketing more than one billion gallons of ethanol annually. For more information, go to http://www.poetenergy.com

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