ALL Fuels & Energy Signs Extension on Exclusivity Period Under Letter of Intent to Acquire Midwest Ethanol Plant

Share: 

Des Moines, IA --(www.USEquityNews.com)-- 07/19/2010 - ALL Fuels & Energy (OTCBB: AFSE) today announced that it has secured a thirty-day extension under its existing letter of intent to acquire an operating ethanol plant located in the Midwest United States. The company indicated that the definitive purchase agreement is expected to be negotiated within the exclusivity period, which extends now through the middle of August 2010, with a closing to be held approximately 30 days after the execution of the definitive agreement. ALL Fuels continues its due diligence efforts.


"This is an extremely exciting opportunity, one that we are completely dedicated to completing," said Dean Sukowatey, CEO and President of ALL Fuels. "Our valuable industry partners who are important in our finalizing the necessary financing continue to support us, and we look forward to a successful conclusion to this transaction."

About ALL Fuels & Energy Company

Visit the company online at: www.allfuelsandenergy.com. ALL Fuels & Energy Company is a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of alternative fuels, including ethanol and its co-products, cost saving efficiencies to the biofuels industry, and improved channels to market.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire one or more ethanol production facilities. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about ALL Fuels & Energy's future business and financial results, refer to ALL Fuels & Energy's Annual Report on Form 10-K for the year ended December 31, 2009. ALL Fuels & Energy undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

Contact Information:
Contact:
ALL Fuels & Energy Company
Dean Sukowatey
President/CEO
6165 N.W. 86 St.
Johnston, Iowa 50131
Phone: 515 331 6509
dean@allfuelsandenergy.com

U.S. Equity News
Tel: (949) 517-2426
Email: info@usequitynews.com

Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.

---