SOURCE: ALL Fuels & Energy Company

October 25, 2007 16:05 ET

ALL Fuels & Energy Announces an Additional Grant From the State of Iowa Bringing the Total Incentives to More Than $17 Million

DES MOINES, IA--(Marketwire - October 25, 2007) - ALL Fuels & Energy Company (OTCBB: AFSE) advised today that the Iowa Transportation Commission (ITC) has awarded the City of Manchester, IA, up to $306,000 for road improvements for AFSE's proposed 100 million gallon per year ethanol production facility. The ITC's grant is in addition to over $17 Million in infrastructure improvements, tax credits and tax abatements previously obtained by AFSE's Manchester Subsidiary from the City of Manchester and the Iowa Department of Economic Development.

"We are pleased that the City of Manchester has received this grant for roadway improvements," said Dean Sukowatey, President, ALL Fuels & Energy Company. "Our momentum in Manchester remains strong. We continue to work towards finalizing a rail plan for a spur to be built directly into the proposed plant site," added Mr. Sukowatey.

The City of Manchester has agreed to provide the AFSE's Manchester Subsidiary with sewer service to the facility site, roadway improvements in and around the facility site and a 10-year property tax abatement, a total incentive package in excess of $6.6 million. In addition, the Iowa Department of Economic Development has awarded the Manchester Subsidiary a sales and use tax credit in an amount in excess of $10.4 million for High Quality Job Creation.

About ALL Fuels & Energy Company

Visit the company online at: www.allenergycompany.com.

ALL Fuels & Energy Company (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; engaged Yaggy-Colby to handle air-related environmental matters 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.

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.

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