SOURCE: ALL Fuels & Energy Company

March 06, 2008 16:05 ET

ALL Fuels & Energy Completes Engineering Assessment on Potential Acquisition

DES MOINES, IA--(Marketwire - March 6, 2008) - ALL Fuels & Energy Company (OTCBB: AFSE) today announced that it has completed an engineering assessment on a potential acquisition. This assessment is the first step in evaluating the funding and operational requirements of a merger candidate. The company expects to thoroughly evaluate this assessment and anticipates it will make a formal offer in the near future. ALL Fuels & Energy's pursuit of this acquisition is in line with the company's business plan for acquiring and building 500 million gallons of annual ethanol production.

About ALL Fuels & Energy Company

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

ALL Fuels & Energy Company (OTCBB: AFSE) is 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. 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; 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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