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Diesel Secret Energy, LLC (DSE) has an alternative diesel fuel from vegetable oil that doesn't require converting one's vehicle or the use of harsh chemicals associated with making Bio-diesel, up till now the only two ways to make your own diesel fuel. The cost per gallon to users of this new fuel is a staggering 46 cents per gallon!
Our balance sheet continues to afford us significant financial strength and flexibility. At September 30, 2005, we had $6.3 million in cash and cash equivalents, $7.4 million in balance sheet borrowing and capitalized leases, and $103.7 million in stockholders' equity, for a ratio of net debt-to-total capitalization of 1.0%. During 2006, we intend to maintain the average age of our tractor fleet to afford us flexibility in addressing possible cost, and fuel mileage, and reliability issues involving tractor engines designed to comply with stricter emissions requirements in 2007.
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