SOURCE: Intrepid Technology

November 07, 2007 09:28 ET

Intrepid Retains MDB Capital as Their Investment Banker

IDAHO FALLS, ID--(Marketwire - November 7, 2007) - Intrepid Technology and Resources, Inc. (OTCBB: IESV), a renewable alternate energy company, announces the retention of the investment banking firm MDB Capital Group LLC to assist the company in the formation of new projects, financing and seeking other corporate opportunities which may include mergers or acquisitions.

MDB is an investment banking firm located in Santa Monica, California with experience in the biogas industry and financing emerging growth companies.

Additionally, Dr. Dennis Keiser has stepped down from the position of CEO effective immediately. Dr. Keiser will remain as a consultant to the company. Jake Dustin will assume the additional duties as the company's President.

Board chairman, Lynn Smith, thanked Dr. Keiser for his 6 1/2 years of leadership into the biogas industry and his dedication in developing the new and potentially far-reaching industry of clean bio methane.

About Intrepid Technology and Resources, Inc.: We are an application innovator in Alternative Energy technology and production and of biogas products and services designed to assist in worldwide energy independence, reduce pollution and carbon emissions from renewable agriculture feedstock and industrial and agriculture waste materials.

Statements released by Intrepid Technology and Resources, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

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