ALL Fuels &Amp; Energy Listed for Trading on OTC Bulletin Board
Posted on: Tuesday, 14 August 2007, 09:24 CDT
ALL Fuels & Energy Company (OTCBB: AFSE) announced today that its common stock has been listed for trading on the Nasdaq Bulletin Board under the "AFSE" symbol.
"Having our stock trading on the Nasdaq Bulletin Board brings greater liquidity to our market and will assist us in achieving increased shareholder value as we complete our acquisition and build of 500 million gallons per year of ethanol production," said Dean Sukowatey, President of AFSE. Mr. Sukowatey also noted that he expected the Bulletin Board listing to make AFSE's common stock substantially more attractive to potential ethanol plant acquisition targets, as well as to institutional money managers looking for a pure play in the ethanol space.
AFSE also provided information regarding progress in its pre-construction efforts relating to its proposed 110 million gallon per year ethanol plant in Manchester, IA. In addition to its previously announced $6.6 million economic development agreement with the City of Manchester, AFSE is finalizing its $10.4 million development agreement with the Iowa Department of Economic Development and expects to announce its signing in the near future.
About ALL Fuels & Energy Company
Visit AFSE online at: www.allfuelsandenergy.com
AFSE recently acquired ALL Energy Company, a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products. AFSE has adopted the business plan of ALL Energy Company. To date, AFSE has: obtained $2 million in private equity funding; purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa; signed a five-plant engineering and design agreement with Delta-T Corporation (Delta-T is a Virginia-based company with over twenty years of experience in the ethanol industry that management believes possesses superior expertise and superior technologies in the ethanol production space); engaged Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility; through the efforts of its air-related environmental consultant, Yaggy-Colby, obtained the final Air Quality Construction Permit, relating to the proposed Manchester ethanol production facility; and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities, including Ace Ethanol.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects,""should,""believes,""anticipates" or words of similar import. Similarly, statements that describe AFSE's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the ability of AFSE to obtain needed financing, as well as the financial performance of AFSE, which could cause actual results to differ materially from those anticipated. Although AFSE believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that such expectations will be fulfilled. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release, and AFSE does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact: ALL Fuels & Energy Company Dean Sukowatey President 515-331-6509 allenergycompany@gmail.com
SOURCE: ALL Fuels & Energy Company
Source: MARKET WIRE
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