SOURCE: ALL Fuels & Energy Company

January 31, 2008 06:00 ET

ALL Fuels & Energy Names New Director to Board

DES MOINES, IA--(Marketwire - January 31, 2008) - ALL Fuels & Energy Company (OTCBB: AFSE) today announced that it has named Mark W. Leonard to its board of directors. Mr. Leonard has provided strong leadership to ALL Fuels & Energy.

"Mark has been a great asset for our company since the beginning. He brings extensive agri-business experience and remarkable insight to our company," said Dean Sukowatey, President, All Fuels & Energy Company. "Mark's participation will serve our shareholders well. Our entire board is pleased to welcome him."

Mark W. Leonard, 51, has, since 1984, owned and operated Leo-Land, Inc., a private cattle enterprise based in Holstein, Iowa. Since June 2004 to the present, Mr. Leonard has owned and operated Ag-Com Financial, a commercial lending company based in Holstein, Iowa. From 1990 to June 2004, Mr. Leonard served as Vice President, Sr. Ag Lender and as Sr. Management for western Iowa Banks. Mr. Leonard is a graduate of Iowa State University, Ames, Iowa, with a B.S. degree in Animal Science. In 1987, Mr. Leonard was appointed by past-Iowa Governor Terry E. Branstad to serve as a Director of the Iowa Agricultural Development Authority, where he served 17 years, 4 years as Chairman, overseeing the Beginning Farmer Loan programs for the State of Iowa. He has also served as a Director of the National Association of Rural Rehabilitation Corporations, serving as liaison between the USDA and the Rural Economic Development groups of each state. With over 20 years of active political involvement and work on issues affecting economic development, Mr. Leonard continues to work closely with policy makers at the state and national levels.

About ALL Fuels & Energy Company

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ALL Fuels & Energy Company (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 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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