SOURCE: Raptor Technology Group, Inc.

February 15, 2011 17:55 ET

Raptor Technology Fabrication and Equipment Acquires American Grease

Company Has $8 Million Plus in Contracts

GROVELAND, FL--(Marketwire - February 15, 2011) -  Raptor Technology Group, Inc., (OTCBB: RAPT) which is in the process of acquiring Raptor Fabrication & Equipment, Inc., ("Raptor") announced today that Raptor has acquired the assets and contracts of American Grease, LLC. The company collects and brokers over four million gallons of waste vegetable oil per year. Waste vegetable oil is a critical component or feedstock in the production of clean biodiesel.

A Florida based company, American Grease has the equipment to collect large quantities of waste vegetable oils and maintains contracts with customers in excess of $8 million in ongoing sales annually. American Grease, LLC operates as a very profitable company. 

"This strategic acquisition allows Raptor to guarantee its biodiesel plant customers a consistent supply of feedstock to keep their production at maximum levels. This commitment to our early biodiesel plant customers will have a significant impact on their success and profitability as well as adding a substantial revenue stream to our bottom line," said Tom Gleason, President of Raptor. "Feedstock supply is an extremely important piece of the biodiesel production puzzle," added Gleason.

Dr. Karan Reedy, Principal of American Grease commented, "We are thrilled to participate in the future of Raptor Technology Group. Their knowledge of our business, technology and experience is a key component to America's independence of foreign oil while working towards a greener America."

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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