USBE US Bioenergy Corp (MM)

US BioEnergy Corporation (NASDAQ:USBE), a leading ethanol producer in the United States will hold a Groundbreaking Ceremony today beginning at 11:00 a.m. for its 100 million gallon per year ethanol facility in Janesville, Minnesota. Community members and several dignitaries are expected to attend, including US BioEnergy CEO Gordon Ommen, Minnesota Governor Tim Pawlenty, Fagen Inc. CEO Ron Fagen, Janesville Mayor Alvin Grams and Roger Moore, Vice President of the Minnesota Corn Growers Association. �The start of construction on our Janesville plant marks another important milestone in the growth of US BioEnergy. Our team continues to execute our business plan with great success, keeping the company on track to reach its stated goal of 700 million gallons of production by the end of 2008,� stated Gordon Ommen, US BioEnergy�s CEO. �This plant, which will be our first in Minnesota, also further contributes to the geographic diversity of our facilities. We are particularly proud to have Minnesota Governor Tim Pawlenty, a national leader on the issue of renewable energy, join us for the occasion and to help create new economic opportunities for the greater-Janesville community.� �In many ways, Minnesota has been the birthplace of the renewable energy movement and this plant marks another important step along the way,� Governor Pawlenty said. �Utilizing homegrown renewable fuels is good for our farmers, it's good for rural economic development, it's good for national security, and it's good for the environment. We are very fortunate to have resources here in Minnesota and across the Midwest to support this need and visionary companies helping lead the way.� US BioEnergy Janesville is expected to have the capacity to produce approximately 100 million gallons of ethanol and 320,000 tons of distillers grains per year and expects to employ more than 40 people. About US BioEnergy Corporation US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently owns and operates four ethanol plants and has three additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate seven plants with combined expected ethanol production capacity of 600 million gallons per year. Forward-looking Statements Certain matters discussed in this news release are "forward-looking statements." The Private Securities Litigation Reform Act of 1995 has established that these statements qualify for safe harbors from liability. Forward-looking statements may include words like "believe," "anticipate," "target," "expect," "pro forma," "estimate," "intend," "guidance" or words of similar meaning. Forward-looking statements describe future plans, objectives, expectations or goals. Although US BioEnergy Corporation believes that its expectations are based on reasonable assumptions, all forward-looking statements involve risk and uncertainty. Therefore, actual results could vary materially from what we expect. Please review our filings the Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2006, for important risk factors that could cause results to differ materially from those in any such forward-looking statements. Any forward-looking statement speaks only as of the date such statement was made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement was made except as required by applicable laws or regulations.