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ZEEP to Purchase Eastman TXE Gasification Project in Beaumont, Texas

HOUSTON Jan. 21, 2011 Beaumont, Texas

The transaction is expected to close during the second quarter of 2011. The terms of the agreement are not being disclosed at this time.

Beaumont Ron Oligney Beaumont

Carbon Beaumont

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Forward Looking Statement

Except for statements of historical fact, this news release contains certain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, without limitation, delays in obtaining any necessary governmental or regulatory approvals or permits; and capital and other costs varying materially from estimated costs. ZEEP undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.


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