DALLAS, Aug. 19, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Pacific Ethanol Inc. (Nasdaq:PEIX). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/PEIX
Pacific Ethanol Inc. (PEIX) produces and sells ethanol and its co-products, including wet distillers grain, and provides transportation, storage and delivery of ethanol through third-party service providers in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. It has customer relationships throughout the western United States and supplier relationships throughout the western and midwestern United States. Pacific Ethanol's customers are integrated oil companies and gasoline marketers. It supplies ethanol to its customers either from its own ethanol production facilities located within the regions it serves, or with ethanol procured in bulk from other producers. In May 2009, the Company announced that its subsidiaries, which own its four wholly owned ethanol production facilities, have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy code in the District of Delaware.
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In the report, the analyst notes:
"Second-quarter 2010 gross loss was $2.7 million compared to gross loss of $7.8 million for the same period in 2009. Selling, general and administrative expenses for the three months ended June 30, 2010, decreased 49% to $3.2 million from $6.3 million for the same period in 2009, primarily due to reductions in professional fees and general corporate costs.
"PEIX received confirmation from the California Energy Commission accepting the participation by Pacific Ethanol Madera LLC and Pacific Ethanol Stockton LLC in the California Ethanol Producer Incentive Program (CEPIP). These plants have a combined annual production capacity of 100 million gallons."
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