DES MOINES, Iowa–ALL Fuels & Energy announced that its new subsidiary, AFSE Enzyme, has signed a letter of intent with a research and development institution that would host the company’s “super” enzyme research and development. With the letter of intent process completed, AFSE Enzyme will begin the process of negotiating licensing and marketing agreements, which is expected to be completed within 90 days.
“The selection of this research institution has been running on a parallel track with our ongoing testing of our first super enzyme’s capacity for boosting production of corn and cellulosic ethanol,” said Dean Sukowatey, AFSE President. �We remain excited about commercializing this super enzyme that could result in a possible production costs savings of up to 50%.�
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 ethanol and its co-products. To date, AFSE has: obtained $2.3 million in private equity funding; purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa; and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities, as well begun testing on “super” enzymes for use in ethanol production.
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-KSB for the year ended December 31, 2007. 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:
ALL Fuels & Energy Company
Dean Sukowatey, President, 515-331-6509
allenergycompany@gmail.com
Source: ALL Fuels & Energy Company