SOURCE: Raptor Technology Group, Inc.

February 14, 2011 16:37 ET

Raptor Technology Group Comments on Extension of Biodiesel Tax Credit

GROVELAND, FL--(Marketwire - February 14, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT), which is in the process of acquiring Raptor Fabrication & Equipment, Inc. ("Raptor"), today commented on the December 2010 extension of the biodiesel blenders tax credit. A $1.00 per gallon tax credit is again in place for blenders of biodiesel fuel. The tax credit was allowed to expire at the end of 2009.

Tom Gleason, President of Raptor Technology Group, stated, "We feel that the reinstatement of the $1.00 biodiesel tax credit will have a direct impact on our biodiesel plant sales for 2011. This year has started strong with 2 new customer plants coming on-line and we can attribute that to the tax credit extension. Biodiesel is a renewable and sustainable fuel source that must play a part in reducing our dependence on foreign petroleum products as well as reducing our environmental footprint. The biodiesel production facilities we build for our customers operate extremely efficiently using a wide variety of feedstocks producing competitively priced biodiesel. This tax incentive will further increase the profitability and sustainability of the industry, create jobs and help meet biofuel production goals set by the government."

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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