GeoBio Energy, Inc. Announces the Anticipated Placement of Electronic Gas Volume Corrector Devices with a Large Southern Utility

  GeoBio Energy, Inc. Announces the Anticipated Placement of Electronic Gas
 Volume Corrector Devices with a Large Southern Utility in the United States

PR Newswire

SEATTLE, March 12, 2013

SEATTLE, March 12, 2013 /PRNewswire/ -- GeoBio Energy, Inc., a Colorado
corporation (OTCQB:GBOE) ("GeoBio"), announced today that its wholly-owned
subsidiary El Gas North America, LLC, a Washington limited liability company
("El Gas NA") anticipates placing its electronic gas volume corrector device
for a field trial with one of the largest utilities in the United States. The
utility, which is based in the south, has a market capitalization of
approximately $8.5 Billion. El Gas NA expects the field trial to commence in
approximately three weeks. By working with this utility, successfully
completing a field trial phase, and delivering El Gas NA's
technologically-advanced, valuable products, GeoBio will be able to expand the
El Gas NA business by its selling instruments in the oil and gas industry.

Mark Cangany, President of El Gas NA explained, "We look forward to the
imminent placement of our maxiELCOR device in a national utility. The
maxiELCOR is the only electronic gas volume corrector available in the market
that can stand alone in the field for up to 5 years and manage and report
remotely specific activity related to the transfer and delivery of natural
gas." Mr. Cangany added, "We expect the placement of our product with the
utility to be a significant milestone in achieving industry acceptance and
recognition of El Gas s.r.o.'s products in the United States. Assuming
completion of a successful field trial phase, we anticipate the commencement
of product sales and estimate receiving a couple hundred product orders
shortly thereafter." Larry Shelver, CEO of GeoBio stated, "GeoBio is excited
about the forthcoming opportunity to work with this utility and we believe it
will contribute considerably towards the launching of sales of El Gas NA's
products. We expect the southern region of the United States to be a critical
market to commence product sales, which makes this opportunity highly
important."

El Gas NA is a fully licensed and exclusive distributor of El Gas s.r.o's
natural gas volume monitoring and correcting equipment and data recorder
products in the territories including the United States, Canada, Mexico and
the Caribbean Islands. El Gas NA's products include the (i) maxiDATCOM, a
battery data reporting device with an integrated GSM/GPRS modem, (ii)
miniELCOR, a battery powered gas electronic volume corrector and (iii)
maxiELCOR, a battery powered gas electronic volume corrector with integrated
GSM/GPRS modem. GeoBio anticipates that El Gas NA's products will enhance and
add significant value to the oil and gas services industry, which is currently
utilizing and relying on old, mechanical, circular reporters and instruments.
El Gas NA offers integrated, robust and flexible technology, in which GeoBio
expects will help improve market standards and contribute towards a more
efficient and effective industry.

For more information regarding the El Gas NA product line, please contact
sales@elgasna.com

About GeoBio Energy, Inc.:

GeoBio Energy's business model emphasizes the development, acquisition and
operation of existing companies in the oil and gas services and energy related
products industry. As oil and gas exploration continues in the face of ever
rising demand, facilitating delivery of oil and gas, monitoring and
maintaining drilling sites to obtaining peak efficiency and production from
existing, new and aging wells becomes increasingly important. GeoBio believes
this to be a significant growth opportunity in its strategy to combine and
consolidate companies in the oil and natural gas services sector. GeoBio's
subsidiary, El Gas North America, LLC, has an exclusive license to sell Czech
Republic based ELGas s.r.o.'s natural gas electronic volume corrector (EVC)
and electronic data recorder (EDR) products in the United States, Canada,
Mexico and the Caribbean, which products provide for the efficient monitoring
and delivery of natural gas to consumers. For more information, please visit
GeoBio's web site: www.geobioinc.com

Safe Harbor Statement

This Press Release may contain forward-looking statements which can be
generally identified as such because the context of the statement will include
the words such as GBOE "expects," "should," "believes," "intends,"
"anticipates" or words of similar import. Such forward-looking statements are
subject to certain risks and uncertainties including the financial performance
of GBOE, which could cause actual results, performance or achievements of GBOE
to differ materially from any future results, performance or achievements
expressed or implied by such forward-looking statements. Readers are cautioned
not to place undue reliance on these forward-looking statements.

This Press Release does not constitute or form any part of any offer or
invitation to sell or issue or any solicitation of any offer to purchase or
subscribe for any securities in any jurisdiction, nor shall it (or any part of
it) or the fact of its distribution form the basis of, or be relied upon in
connection with, or act as any inducement to enter into, any contract or
commitment therefore.

"Forward-looking statements," as defined in the Private Securities Litigation
Reform Act of 1995, may be included in this press release. These statements
relate to future events and/or our future financial performance. These
statements are only predictions and may differ materially from actual future
events or results. GBOE disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information, future
developments or otherwise. Risks particularly associated with our current
business include, but are not limited to the risks associated with our ability
to (i) obtain the necessary financing to complete our prospective acquisitions
and other targeted companies and to finance our current operations, (ii)
generate sufficient revenue and obtain profitability, (iii) obtain additional
financing as needed, (iv) manage changes in general economic and business
conditions (both generally and in the natural gas and oil services and the
energy industry), (v) react to actions of our competitors, (vi) develop new
services and markets for our services, (vii) identify and manage risks in
connection with acquisitions (viii) evaluate and effect the level of demand
and market acceptance of our services and (ix) make necessary changes to our
business strategies.

SOURCE GeoBio Energy, Inc.

Website: http://www.geobioinc.com