SOURCE: ICrystal, Inc.

May 04, 2007 10:34 ET

ICRI Changes Name to "ALL Fuels & Energy Company"

Trading Symbol Change to Occur in Near Future

JOHNSTON, IA -- (MARKET WIRE) -- May 4, 2007 -- ICrystal, Inc. (PINKSHEETS: ICRI), a Johnston, Iowa-based ethanol company, announced today that it has changed its corporate name to "ALL Fuels & Energy Company". "The name change more accurately reflects additional opportunities we are pursuing in the ethanol biotechnology area," said Dean Sukowatey, President of ALL Fuels & Energy Company.

ALL Fuels & Energy Company anticipates that its trading symbol will change in the near future.

About ALL Fuels & Energy Company

Visit the company online at:

ALL Fuels & Energy Company (AFEC) 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. AFEC has adopted the business plan of ALL Energy Company. To date, AFEC 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, including Ace Ethanol.

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 AFEC'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 AFEC to obtain needed financing, as well as the financial performance of AFEC, which could cause actual results to differ materially from those anticipated. Although AFEC 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 AFEC does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information