AlgoDyne Announces LOI with Experienced Retail Operator.

LAS VEGAS -- AlgoDyne Ethanol Energy Corp. ("AlgoDyne" or the "Company") (OTCBB:ADYN) is pleased to announce that it has signed a LOI with Canadian Green Fuels Inc. to enter into a partnership to establish retail fueling stations in Western Canada.

BioDiesel is one of the most popular and fastest-growing products for small and individual producers and retailers. Canadian Green Fuels has established a process to operate BioDiesel fueling stations.

This partnership will provide AlgoDyne with the ability to open retail BioDiesel fueling stations at a much faster rate than originally planned.

"It's a great leap forward for the Company," says Prof. Franke, Chief Technology Officer. "With our previous announcement regarding suppliers for the Company's mobile gas stations, we now are in a position of having our stations open at a much faster rate."

In the coming weeks, AlgoDyne has plan to announce the launch of further locations in Western Canada.

About AlgoDyne Ethanol Energy Corp.

AlgoDyne is a corporation committed to developing initiatives in Eco-Energy worldwide. Its focus is to create a portfolio of three primary activities (raw materials, wholesale/manufacturing, and retail) in the Ethanol and BioDiesel industries. The business plan envisages being fully engaged in all sectors of its strategic plan by Q4 of 2007.

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 worldwide; (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.