SOURCE: Raven Biofuels International Corporation

September 15, 2008 07:00 ET

Raven Biofuels Forges Strategic Alliance With Biomass Feedstock Experts at Price BIOstock

PARAMUS, NJ--(Marketwire - September 15, 2008) - Raven Biofuels International Corporation (OTCBB: RVBF) ("Raven" or the "Company") is pleased to announce a strategic alliance with Price BIOstock Services, a division of Arkansas-headquartered The Price Companies, Inc. ("Price Companies") (www.thepricecompanies.com), with the stated intent towards the development of definitive agreements on a project by project basis.

With over 40 years of operating history and $450,000,000 in fixed assets the Price Companies is one of the largest and most experienced wood processing companies in the U.S. offering 19 facilities nationwide under contract for many of the most respected manufacturing companies in America -- including International Paper, Rayonier, Weyerhaeuser, New Page, and Georgia Pacific.

Through their many association memberships and industry-wide relationships, Price recognized that the future of biofuels production will significantly exploit cellulosic biomass and has subsequently developed customized solutions for a broad range of dry biomass feedstock including wood, paper, municipal solid waste (MSW), tires, C&D (construction and demolition waste), and agricultural waste. Currently, Price operates 19 Bio-Mass (Wood Pulp Chip) state-of-the-art facilities that produce 14.6 million tons of pulp chips and 2.5 million tons of hog fuel annually. The BIOstock division offers an expanded set of services for managing biomass feedstock materials including consulting, procurement, systems design/engineering, and facilities management.

Johns Sams, Raven's President and Chief Operating Officer, commented, "The Price Companies are a long established and well managed organization. With the establishment of their BIOstock division they can provide innovative solutions specifically tailored to the needs of biofuels companies like Raven. Feedstock procurement and management is critical to efficiently operating our proposed refineries. Additionally, I feel that Price brings a lot to the table beyond their core offering and could ultimately accelerate Raven's growth strategy."

About Raven Biofuels International Corporation (OTCBB: RVBF)

Raven Biofuels is a developing global renewable energy company focused on producing ethanol from waste or biomass (cellulosic ethanol). Raven plans to build commercial scale refineries using a proprietary 2 stage dilute acid hydrolysis process to convert forestry and agricultural waste to transportation grade ethanol. The production of cellulosic ethanol could play a major role in national energy independence as it has in Brazil. Ethanol made from waste is a viable clean fuel that can play a part in reducing emissions that cause global warming and reducing independence on foreign oil. For more information visit: www.ravenbiofuelsinternational.com

Notice Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to construct any ethanol plants or proceed with the commercialization of its technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

Contact Information

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