ONYI: we do NOT make bagels

It couldn't happen a moment too soon.

Because I always thought they made bagels.

Biofuel pinksheet darling Originally New York, Inc. (ONYI) announced today it's changing its name to "Greenbelt Resources Corporation."

Chairman and CEO Bob Johnson said the name "reflects our company image of being located in the heartland 'Greenbelt' of America." [ed.: the company's image? So they're not actually located in Eagle Grove, Iowa? They're just trying to project that image?]

In a statement today, Johnson said he's "excited about sales inquiries coming from all parts of the U.S. and several foreign countries as the company gears up for filling future orders."

ONYI subsidiary Diversified Ethanol is a maker of small ethanol plants that can be powered by dairy waste.

Perhaps its deluge of sales inquiries has been prompted by the $50,000 finder's fee/bounty the company now advertises on its website for anyone who helps them sell an ethanol plant. You know, kind of AMWAY-style.

Diversified Ethanol was the subject of fraud allegations and other unsavory claims earlier this year by another of our biofuel pennystock favorites, U.S. Sustainable Energy Corp. (USSE), which had apparently been trying to partner with the company (see the Greentech Avenger's Swimming with the fishes.)