ALL Fuels & Energy
(PublicWire) — ALL Fuels & Energy advised Tuesday that it has secured an agreement for a period of exclusivity in which to negotiate and sign a purchase agreement to purchase an ethanol plant located in the Midwest United States. ALL Fuels has begun its preliminary due diligence efforts to complete the proposed purchase.
“We have valuable industry partners who participated in our qualified bid at the Renew bankruptcy auction and who are important in our finalizing the necessary financing. We look forward to completing this transaction with our industry partners, as well as other targeted ethanol production acquisitions,” said Dean Sukowatey, CEO and President of ALL Fuels & Energy.
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, 2008. 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. 877-796-3934 (fax)