SOURCE: Raptor Technology Group, Inc.

February 11, 2011 17:38 ET

Raptor Technology Group Announces Signing Coastal Biofuel Plant

GROVELAND, FL--(Marketwire - February 11, 2011) - Raptor Technology Group, Inc., (OTCBB: RAPT) who is in the process of acquiring Raptor Fabrication & Equipment, Inc., ("Raptor") today announced that Raptor has signed an agreement for a biodiesel manufacturing facility for its customer, Coastal Biofuel of Savannah, Georgia. The plant has the capability to produce one million gallons of clean biodiesel per year. Raptor expects the facility to begin biodiesel production in mid March. In addition to providing both the manufacturing and technology Raptor also participates in the ongoing revenue stream of the facility. The Coastal Biofuel facility is the second plant that Raptor has launched in 2011.

Coastal Biofuel will convert used cooking oils, animal fats and virgin vegetable oils into clean burning biodiesel fuel.

"We are excited to have Coastal Biofuel as one of our customers. With fuel costs rising, Coastal will be able to produce a competitively priced biofuel that burns cleaner and has superior lubricating properties compared to petroleum diesel fuel," said Tom Gleason, President and CEO of Raptor Technology Group. "In addition to its many advantages over petroleum diesel fuel, the recently re-instated Federal Tax Credit for biofuel levels the playing field for economical and profitable fuel production," 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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