SOURCE: Alternative Fuel Technologies

June 23, 2009 09:45 ET

Alternative Fuel Technologies Inc. Hosts Volvo Executives

Alternative Fuel Technologies Inc. Announces Expansion of Volvo Relationship

REDFORD, MI--(Marketwire - June 23, 2009) - Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) is pleased to announce that Volvo Powertrain visited AFTC's offices recently to see the latest DME developments and to discuss supplying Volvo with AFTC's new DME high pressure pump for combustion and emissions development. Volvo already has six (6) DME fuel systems and has been using AFTC fuel systems in field demonstrations and in laboratory research since 1995. AFTC has agreed to supply a new sample for truck testing and Volvo is interested in purchasing at least one unit for combustion development. If the truck and combustion prototypes meet their expectations, AFTC could secure a contract for 14 units plus spares (4-6) for a European Union sponsored field test beginning in 2010. A video on the EU's Bio-Fuels (including DME) can be found at http://www.renew-fuel.com/. This video (which will be on the company website) contains footage of AFTC's DME fuel system running in Volvo's lab.

AFTC CEO James C. McCandless states, "The Technology has been proven and in use since 1995. This contract could earmark AFTC to become one of the only companies that offers such a unique and well needed global product as energy markets become cleaner and more environmentally conscious." Mr. McCandless goes on to say, "As industry leaders continue to embrace 'greener' fuel alternatives, AFTC will continue positioning itself as the leader in the field."

About DME:

DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.

About AFTC:

Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- DiMethyl Ether (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.

Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.

Further information on Alternative Fuel Technologies Inc. is available at: http://www.altfueltechnology.com/

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