SOURCE: Gulf Ethanol Corp.

October 20, 2008 09:41 ET

Moving Up in a Down Economy With Gulf Ethanol

HOUSTON, TX--(Marketwire - October 20, 2008) - Gulf Ethanol Corporation (PINKSHEETS: GFET)

With markets coursing the wildest roller coaster in modern history, investors worry about making the wrong choice and often freeze out of fear. With financial stocks wiped out and oil prices dropping, where does the smart money go?

Over one-half of all millionaires are invested in alternative energy -- over $148 Billion in 2007. What makes the smartest investors in America pick alternative fuels? They have the information needed to see where the market is going next. It is inevitable that alternative sources of energy will be in high demand in America for the next 20 years. In the last year, oil shocks propelled prices to damaging levels and everyone knows it's going to happen again soon.

Why do smart investors put their money in alternative energy stocks? Because they want to be positioned to profit from rising demand for clean, green solutions to America's continued energy crisis.

"At Gulf Ethanol, we expect to play a significant role in addressing the need for alternative, clean, cheap alternative transportation fuels," noted Bill Carmichael, GFET's President. "We have completed the initial phases of technology development and our feedstock processing system is now ready for commercialization. We think this tool will allow every cellulosic ethanol producer in the world to increase their productivity," he concluded.

About Gulf Ethanol Corporation

Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast.

For more information please visit our homepage at:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

    William Carmichael
    1240 Blalock Road, Ste. 200
    Houston, Texas 77055
    Office: 713-461-9229
    Email Contact