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Medical Discoveries, Inc., Dba Global Clean Energy Holdings Takes Steps to Relist on Over-The-Counter Bulletin Board

Posted on: Wednesday, 9 January 2008, 09:01 CST

Medical Discoveries, Inc., dba Global Clean Energy Holdings (Pink Sheets: MLSC) or "MDI/Global" announced today that it has recently filed with the Securities and Exchange Commission its Form 10-KSB for the fiscal year ended December 31, 2006 and its Form 10-Q for each of the quarters ended March 31, 2007, June 30, 2007 and September 30, 2007. With these filings, the Company is now current with all of its Securities and Exchange Commission reports and is eligible to reapply to have its common stock listed for trading on the Over-the-Counter OTC Bulletin Board. Accordingly, the Company expects to have a market maker file Form 211 in compliance with SEC Rule 15c2-11 and NASD Rule 6740. Once the filing is accepted by the FINRA, the Company will be eligible to begin trading on the Over-the-Counter Bulletin Board.

"We are excited by the progress the Company has made in the relatively short time since it commenced its new biofuels business and acquired Global Clean Energy Holdings, LLC," said Richard Palmer, MDI's President and newly appointed Chief Executive Officer. "We believe that becoming a fully-reporting company will create greater transparency for investors. In addition, we feel a listing on the Over-The-Counter Bulletin Board will increase interest among the investment community in the Company's efforts to develop alternates to food based feedstocks for biofuels production."

About Medical Discoveries, Inc.

Medical Discoveries, Inc. is now an emerging renewable energy company focused on the production of feedstock used for the production of alternative-energy fuels. The company intends to divest itself of its remaining legacy biopharmaceutical assets, and intends to change its name and ticker symbol to reflect its new focus on the bio-diesel alternative energy market. The company also intends to re-list its shares of common stock on the Over-the-Counter Bulletin Board.

Caution Regarding Forward-Looking Statements

Any statements in this press release about Medical Discoveries' expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe,""feel", "will,""expect,""anticipate,""estimate,""intend,""plan,""forecast,""could," and "would". Examples of such forward looking statements include statements regarding the timing, design, scope, and anticipated results of its efforts to plant, harvest, and commercialize feedstock oil from Jatropha curcas in Mexico. Medical Discoveries bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that we might not be able to raise sufficient funds to develop the Jatropha plantations in Mexico, that we may face delays or other difficulties in acquiring and cultivating Jatropha farm lands in Mexico, that we may not be able to successfully commercialize Jatropha oil as expected, that the market for our Jatropha products will not grow as expected, and the risk that the Mexican Jatropha project will not achieve expectations because of the risks normally associated with creating a new business in a new market. For additional information about risks and uncertainties Medical Discoveries faces, see documents Medical Discoveries files with the SEC, including Medical Discoveries report on Form 8-K filed September 17, 2007 concerning the acquisition of the alternative-energy feedstock assets from Global Clean Energy Holdings LLC and its filed Form 10-KSB for the period ended December 31, 2006. Medical Discoveries claims the protection of the safe harbor for forward-looking statements under the Act, and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

Source: Business Wire

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