SOURCE: ALL Fuels & Energy Company

March 17, 2008 16:12 ET

ALL Fuels & Energy Forms a Partnership to Develop a Potential Revolutionary Technology Which Could Provide Substantial Savings to the $85 Billion Ethanol Market

DES MOINES, IA--(Marketwire - March 17, 2008) - ALL Fuels & Energy (OTCBB: AFSE) is pleased to announce the formation of a joint alliance with a cellulosic biotech company. The new joint alliance, AFSE Enzyme, LLC, a subsidiary of ALL Fuels & Energy (AFSE), will focus on further development of a revolutionary technology which could provide substantial savings to the $85 billion ethanol market. AFSE Enzyme, LLC, plans to complete the commercialization of the ethanol super enzyme, producing cellulosic ethanol with a possible savings of up to 50% reduction in production costs. Ethanol using the super enzyme will be manufactured from Sustainable Non-Food biomass and surplus waste products, such as wood chips, household garbage and sugarcane waste, which are abundantly available domestically and internationally.

One of the key benefits is that this super enzyme will allow the use of items such as household garbage which then eliminates the cost of the more traditional component -- corn. By eliminating the corn component then one could expect savings in excess of 50% in certain circumstances. When considering the worldwide ethanol production is approximately 35 billion gallons per year, the company will look to immediately target a portion of this potential $40 billion in savings through licensing arrangements and other partnerships should this technology become technically and commercially viable.

"As AFSE continues to search the industry for its pipeline of strategic acquisitions and vertical integration, we are forming this alliance for a revolutionary super enzyme. The super enzyme provides wide diversification, with substantially reduced feedstock costs throughout the world. This enhances our business model of risk management and low cost production. Producing ethanol economically from waste products changes the energy world dramatically," said Dean Sukowatey, ALL Fuels & Energy President.

About ALL Fuels & Energy Company

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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 $2.3 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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