AlgoDyne Announces Launch of Projects in Eco-Energy Capital of Brazil.

LAS VEGAS -- AlgoDyne Ethanol Energy Corp. ("AlgoDyne" or the "Company") (OTCBB:ADYN) is pleased to announce that Prof. Hans-Jurgen Franke, the Company's CTO, will lead a series of projects in Brazil that will establish strategic cooperation in bio-combustible technology.

This technology allows the Company to build partnerships in alternative fuels in the most receptive and involved market globally. AlgoDyne's branch office, to be located in Aracaju-SE Brazil, will spearhead planned algae-based bio-kerosene projects with airlines, as well as integrating the Company's processes through joint ventures with several of Brazil's states. Prof. Franke will also be responsible for establishing a planned nursery of jatropha plants and the development of a pilot plant for ethanol production with algae in 2007.

"From airlines to industry, Brazil is an example of how the mass consumer market has embraced alternative fuels and energy. It represents for AlgoDyne, the opportunity to market and research its products with key global players and then export these technologies, products and knowledge to North America and Europe for market distribution," says Prof. Franke.

"We have access to the technology and the know-how," says Franke. "Ethanol, biodiesel, bio-kerosene, are no longer concepts but are proven technologies. Our efforts will be focused on building these products and establishing new market industries around the world, and there is no better place to start than Brazil."

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. 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 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 at an individual consumer level as well as a commercial / retail level; (vii) the Company's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals including North and South America; and (ix) the inability to effectively market and commercialize the Company's technologies, including the establishment of viable relationships with third parties, small entrepreneurs and existing petroleum providers. 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.