AlgoDyne's Partner, Canadian Green Fuels, Enters Export Market with BioDiesel.

LAS VEGAS -- AlgoDyne Ethanol Energy Corp. ("AlgoDyne" or the "Company") (OTCBB:ADYN) is excited to announce that its soon to be acquired entity Canadian Green Fuels has entered the Export Market for Bio-Fuels.

"The Bio-Diesel currently produced at the Canadian Green Fuels plant has had tremendous market response from both domestic and international producers," says Prof Franke, CTO. "Now Canadian Green Fuels will have the ability and production capacity to export this product overseas and we are excited at transforming this Company into a truly global enterprise," he adds.

The plant's first shipment of 5,000 litres of fuel will depart Saskatchewan for Germany on Monday, October 21, 2007. The Company will use several shipping methods, including large 1,000 litre carboys and 200 litre drums, depending on the customer's needs and shipping convenience.

"This first shipment is going to the X-Raid team as part of our sponsorship program and is key to our European marking strategies and the exporting program from North America," says Franke.

Canadian Green Fuels and AlgoDyne have successfully completed the final terms of the negotiated agreement for acquisition and are awaiting transmittal of documentation.

About AlgoDyne Ethanol Energy Corp.

AlgoDyne is a corporation committed to developing initiatives in eco-energy world wide. Its focus is to create a portfolio of three primary activities (raw materials, wholesale/manufacturing, and retail) in the ethanol and biodiesel industries.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) the Company anticipates it will have access to a broad range of equipment, products and accessories and intends to offer these products through a new e-commerce solution and sales force, with the first market being in Canada and soon, expansion internationally; (ii) the Company is committed to developing initiatives in eco-energy world-wide; (iii) the Company's focus is to create a portfolio of three primary activities in the ethanol and biodiesel industries; and (iv) the Company anticipates that its business plan will be fully engaged in all sectors of its strategic plan by Q4 of 2007.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that the Company does not execute its business plan; (ii) the inability of the Company to keep pace with technological advancements in the field of eco-energy, including the ethanol and biodiesel industries; (iii) the Company's inability to adequately protect its intellectual property or the Company's inadvertent infringement of third party intellectual property; (iv) the Company not being able to retain key employees; (v) competitors providing better or cheaper products and technologies; (vi) markets for the Company's products not developing as expected; (vii) the Company's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals; and (ix) the inability to effectively market and commercialize the Company's technologies, including the establishment of viable relationships with third parties. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.