SOURCE: O2Diesel Corporation

May 04, 2006 10:31 ET

O2Diesel to Present at 5th World Biofuels Conference in Seville Spain on May 11th

NEWARK, DE -- (MARKET WIRE) -- May 4, 2006 -- O2Diesel Corporation (AMEX: OTD), a global leader in the development and commercialization of ethanol diesel fuel blends, today announced that its CEO Alan Rae, will be a featured presenter at the F.O. Lichts 5th World Biofuels Conference. The conference will be held at the Fundacion Focus Abengoa, Seville Spain from May 9-11, 2006.

F.O. Lichts 5th annual World Biofuels conference, attendance for which has sold out, will analyze how the market increases promised by governments in Europe and the rest of the world can be made a reality. Bringing together senior executives from government, biofuels producers, car manufacturers and oil companies, this conference will once again provide a high level forum for leaders in this dynamic industry. Speakers at the conference include representatives from; DailmerChrysler, Total, Brazilian Dept. of Agriculture, US Department of Energy, US, US Renewable Fuels Association and the European Bioethanol Association. For a full list of speakers, a program and supporting publications please visit the "Conference" tab at www.agra-net.com.

Alan Rae CEO of O2Diesel Corp said, "We know the opportunity for O2Diesel™ is global and the interest in the Company has never been higher. O2Diesel offers an immediate solution for both air quality concerns and the increasing regulatory and public pressure to increase the use of renewable fuels. In most markets outside of the USA, diesel has a larger market share than gasoline so any serious solution to meet the requirement to reduce pollution and increase the use of biofuels needs to be diesel based. We believe that O2Diesel and ethanol can play an important role in achieving these objectives."

"The World Biofuels conference is a highly regarded forum where the real issues of implementation can be addressed and we are pleased to be considered part of the solution," continued Rae.

About O2Diesel

O2Diesel Corporation (AMEX: OTD) is a pioneer in the commercial development of a cleaner-burning diesel fuel that provides excellent performance and environmental benefits for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel™ is an ethanol-diesel blend treated with the company's proprietary natural oil-derived stabilizing additive that substantially reduces harmful emissions without sacrificing power and performance. Extensive independent and government-recognized laboratory and in-use field tests have demonstrated the effectiveness of O2Diesel™ -- the introduction of this cost-effective, cleaner-burning diesel fuel is now underway in the United States and other global markets. For more information, please refer to www.o2diesel.com.

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding O2Diesel Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, the failure to obtain adequate financing on a timely basis and other risks and uncertainties. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of O2Diesel. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, failure to gain product approval in the United States or foreign countries for the commercialization and distribution of our products and failure to capitalize upon access to new markets. O2Diesel disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. "O2Diesel" and "CityHome" are trademarks of O2Diesel Corporation.

Contact Information

  • Contact:
    O2Diesel Corporation
    Alan Rae
    +1 (302) 266 6000

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    Alliance Advisors, LLC
    Mark McPartland
    +1 (914) 221-1827