SOURCE: InvestSource, Inc.

September 26, 2007 09:15 ET

Ethanoil and Gas Corp. Hits CEOCorner at InvestSourceInc.com

HUNTINGTON BEACH, CA--(Marketwire - September 26, 2007) - InvestSource, Inc. invites the public to hear what John Davenport, the President of Ethanoil and Gas Corporation (PINKSHEETS: EGCP), has to say about his company. Mr. Davenport was featured in a recent installment of CEOCorner, "The Fastest 60 Seconds in the Small-Cap Market." Details of the interview can be heard at the company profile for Ethanoil and Gas Corp. on the InvestSource, Inc. (ISI) website at: www.investsourceinc.com or on the CEOCorner website at: www.ceo-corner.com.

Over the course of the interview, Mr. Davenport discussed the Company's strategy that consists of leveraging conventional fossil fuel assets in combination with the pursuit of highly lucrative long-term growth through the development of alternative energy options. He was particularly keen to discuss the most recent Letter of Intent (LOI) to acquire a majority interest in an advanced fuel cell system. The fuel cell, which has been the subject of a multi-million dollar research and development program, has already entered the next phase of development at a major institution. In addition, he was also very positive about the Ethanoil and Gas Corp. acquisition of the rights to an important battery system and the potential of this system, particularly in conjunction with the Company's fuel cell system. For more information, visit the Company website at: www.ethanoilandgas.com.

About Ethanoil and Gas Corporation:

Ethanoil and Gas Corporation (EGCP) is an independent energy company focused on the development of conventional and alternative energy assets. The management and directors of Ethanoil and Gas recognize that energy delivery to consumer and industrial markets is poised at the edge of several paradigm shifts. Declining conventional energy sources and growing environmental imperatives are driving the development of alternate energy sources and means of delivery. Ethanoil and Gas is focused on the development of long-term, sustainable energy solutions through the cultivation of innovative strategies that directly respond to the most recent developments in the energy and technology sectors.

About InvestSource, Incorporated (ISI):

ISI is a multimedia relations/public relations firm that specializes in bringing small and micro cap public and private companies to the attention of the general public. InvestSource, Inc. believes that there are hosts of undervalued companies that don't get the exposure they deserve, and because of their size, have been overlooked by the larger marketing companies. Many of them have solid business plans, work in potentially highly lucrative niche markets, and have superb growth potential. It is the mission of ISI to empower these companies to reap fully all of the benefits of public exposure. For more information visit the corporate website at www.investsourceinc.com.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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