SOURCE: Raptor Technology Group, Inc.

March 11, 2011 20:15 ET

Raptor Expresses Confidence in the Projected Growth of Its Business Model as Gasoline Prices Rise and Biofuel Demand Continues to Grow

GROVELAND, FL--(Marketwire - March 11, 2011) -  Raptor Technology Group, Inc. (OTCBB: RAPT), which is in the process of acquiring Raptor Fabrication & Equipment, Inc. ("Raptor"), today commented on the rising cost of gasoline and its impact on biofuel demand and production.

The national average price of a gallon of regular gasoline climbed to $3.503 on Sunday -- nearly 38 cents higher than a month ago and up 15 cents in a week, according to AAA who posts gas prices daily. Oil hit $106 a barrel Monday as escalating violence in Libya seems likely to move the price of crude even higher.

"With the price of gasoline rising with no end in sight, alternative fuel production like biodiesel is more important than ever to reduce our dependence on foreign oil sources and maintain our national security. The patent pending, state of the art facilities we manufacture use waste vegetable oils, yellow grease, organic sludge and oil from non-food crops to produce clean, ASTM certified biodiesel. This fuel burns cleaner and more efficiently than petroleum diesel fuel," said Tom Gleason, President of Raptor. "As the energy industry continues its historic shift toward alternative fuels, biodiesel demand is growing significantly," added Gleason. 

About Raptor Technology Group, Inc.

Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication & Equipment, Inc. and anticipates the business combination to be completed shortly. Raptor Fabrication & Equipment, Inc. is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.

Raptor Technology Group, Inc. has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, Inc. as a leader in alternative energy and remediation sectors.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication & Equipment, Inc. by Raptor Technology Group, Inc. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. to complete the acquisition of Raptor Fabrication & Equipment, Inc.

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