SOURCE: IO News Wire

IO News Wire

December 10, 2009 07:30 ET

(OTC: AFTC) Enters Chinese Market

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 10, 2009) - Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC) announced yesterday that they have received an order for twelve (12) dimethyl ether (DME) fuel feed pumps from Shanghai Diesel Engine Company.

China has surpassed the United States as the number 2 auto maker in the world behind Japan. China is expected to reach 13 million automobiles produced in 2009, making it the number one vehicle producer in the world.

The city of Shanghai requires all vehicles to comply with Euro III emission standards and will be moving to Euro IV standards in the near future. This opens the door to alternative fuel related companies into broader markets.

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Other active stocks include: CMS Energy Corp (NYSE: CMS) MGE Energy (NASDAQ: MGEE) and Biocentric Energy (PINKSHEETS: BEHL)

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