SOURCE: ALL Fuels & Energy Company

November 12, 2007 16:59 ET

ALL Fuels & Energy Provides Acquisition and Development Update Which Represents over $350 Million in Annual Revenue

Company's Heartland Roots Key to Plant Acquisition Strategy

DES MOINES, IA--(Marketwire - November 12, 2007) - ALL Fuels & Energy Company (OTCBB: AFSE) today provided guidance with respect to its business strategy in light of the ongoing run-up in oil prices. The company's strategy is to rapidly grow its ethanol production to 500 million gallons of annual ethanol production through acquisitions and internal growth. The following are its current publicly announced potential transactions that represent approximately 150 million gallons of annual ethanol production:

--  Submitted an offer on existing Iowa plant representing $70 million in
    annual revenue
--  Submitted an offer on existing Wisconsin plant representing $100
    million in annual revenue
--  Acquired land and pursuing funding and necessary permits to begin
    building its ethanol plant, located in Manchester, Iowa, that could
    represent over $200 million in annual revenue at full capacity.

The company has identified additional acquisition candidates which would further its endeavor to achieve the production goal of 500 million gallons of annual ethanol production.

Management's optimism is centered in their own Iowa and Midwestern roots. "We truly understand the issues faced by the farmer-owners of independently owned ethanol plants, and believe ALL Fuels' management represents a great alternative to them," said Dean Sukowatey, President, All Fuels & Energy Company. "Our acquisition propositions, which highlight the ability to spread the investment risk, have been well received and our team is optimistic that our efforts will be rewarded," added Mr. Sukowatey.

About ALL Fuels & Energy Company

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ALL Fuels & Energy Company (AFSE) recently acquired ALL Energy Company, 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. AFSE has adopted the business plan of ALL Energy Company. 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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