SOURCE: IO Circuit

May 23, 2006 11:34 ET

(OTCBB: BSLM) The Governor of New York Takes on Fuel

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- May 23, 2006 -- Citing the need to expand New York's efforts to increase the use of renewable and alternative fuels, and enhance energy efficiency, the Governor will once again propose legislation to:

Provide a $2,000 personal income tax credit for the purchase of hybrid vehicles. This tax credit would help to defray incremental costs that raise the purchase price for these vehicles.

Provide a property tax credit for the installation of renewable fuel pumps at private sector gas stations. These tax credits would provide critical incentives for these stations to offer ethanol (E85), B20 (biodiesel) or CNG (compressed natural gas). There are nearly 200,000 flex fuel vehicles on the road in New York State that can use E85 or traditional gasoline. Although some public alternative fueling stations are being developed, at the present time, there are no public stations where New Yorkers can fuel their vehicles with ethanol.

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