Synthesis Energy Systems Appoints Charles Costenbader as Chief Financial Officer

   Synthesis Energy Systems Appoints Charles Costenbader as Chief Financial

PR Newswire

HOUSTON, Sept. 4, 2013

HOUSTON, Sept. 4, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ:
SYMX) ("SES") has appointed Charles Costenbader, 53, as chief financial
officer. He reports to Robert Rigdon, president and CEO.


Mr. Costenbader has 25 years of experience in energy-related finance. In his
most recent position with Tangent Energy Solutions, Inc., he was responsible
for project financing activities regarding power generation projects and
hedging structures for environmental credits and power.

Previously, Mr. Costenbader was with Macquarie Bank Limited in the power and
natural gas commodities division in Houston from 2007 to 2011 and 2004 to
2006. He sourced and structured energy asset opportunities for investment and
commodity risk management services. Additionally, Mr. Costenbader has previous
chief financial officer experience with Galveston Bay Biodiesel, L.P. From
1989 to 1998, he served as vice-president in the Structured Finance Group of
GE Capital where he was responsible for underwriting and managing investments
in the energy, natural gas storage, methanol refinery, and pulverized coal

Mr. Costenbader graduated from Lafayette College in Easton, Pennsylvania with
a BS degree in mechanical engineering and received an MBA in finance and
operations management from Columbia University. He serves on the board of
directors of Coalview Ltd. He has a professional engineer license, some
proficiency in Mandarin, and fluency in German.

"Charlie brings important experience, knowledge and relationships to SES as we
continue to pursue our 'capital-lite' strategy based on commercial and
financial partnerships through which we intend to commercialize our technology
globally," said Robert Rigdon, president and CEO, SES. "As a seasoned
financial professional in the energy industry, we look forward to his coming
on board and expect that he will be a significant contributor, helping us
accelerate the growth of the company and grow value for our shareholders."

About Synthesis Energy Systems, Inc.
SES provides technology, equipment and engineering services for the conversion
of low rank, low cost coal and biomass feedstocks into energy and chemical
products. Its strategy is to create value through providing technology and
equipment in regions where low rank coals and biomass feedstocks can be
profitably converted into high value products through its proprietary U-GAS^®
fluidized bed gasification technology, which SES licenses from the Gas
Technology Institute. U-GAS^® gasifies coal cost effectively, without many of
the harmful emissions normally associated with coal combustion plants. The
primary advantages of U-GAS^® relative to other gasification technologies are
(a) greater fuel flexibility provided by the ability of SES to use all ranks
of coal (including low rank, high ash and high moisture coals, which are
significantly cheaper than higher grade coals), many coal waste products and
biomass feed stocks; and (b) the ability of SES to operate efficiently on a
smaller scale, which enables the construction of plants more quickly, at a
lower capital cost, and, in many cases, in closer proximity to coal sources.
SES currently has offices in Houston, Texas, and Shanghai, China. For more
information on SES, please visit or call (713)

SES Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are forward-looking statements. Forward-looking
statements are subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected. Among those
risks, trends and uncertainties are the development stage of the operations of
SES, its estimate of the sufficiency of existing capital sources, its ability
to successfully develop its licensing business, its ability to raise
additional capital to fund cash requirements for future investments and
operations including its China platform initiative, its ability to reduce
operating costs, the limited history and viability of its technology,
commodity prices and the availability and terms of financing opportunities,
its results of operations in foreign countries, its ability to diversify, its
ability to complete the restructuring of the ZZ joint venture, its ability to
obtain the necessary approvals and permits for future projects, the estimated
timetables for achieving mechanical completion and commencing commercial
operations for the Yima project as well as the ability of the Yima project to
produce revenues and earnings, the sufficiency of internal controls and
procedures, its ability to grow its business and generate revenues and
earnings as a result of its proposed China and India platform initiatives as
well as its joint venture with Midas Resource Partners, and its ability to
develop its power business unit and marketing arrangement with GE and its
other business verticals, steel and renewables. Although SES believes that in
making such forward-looking statements its expectations are based upon
reasonable assumptions, such statements may be influenced by factors that
could cause actual outcomes and results to be materially different from those
projected. SES cannot assure you that the assumptions upon which these
statements are based will prove to have been correct.

SOURCE Synthesis Energy Systems, Inc.

Contact: Synthesis Energy Systems, Inc., Kevin Kelly, Chief Accounting
Officer, (713) 579-0600,; or MBS Value
Partners, LLC, Matthew D. Haines (Investors), Managing Director, (212)
710-9686,; or Feintuch Communications (Media),
Richard Anderson, Senior Managing Director, (718) 986-1596,
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