AlgoDyne Announces North American Business Development Vice President.

LAS VEGAS -- AlgoDyne Ethanol Energy Corp. ("AlgoDyne" or the "Company") (OTCBB:ADYN) is pleased to confirm that it has completed a significant milestone in its strategic growth and appointed Mr. Troy Metz as executive Vice President responsible for Business Development & Corporate Affairs.

"We are very excited about this appointment. Troy has done work with us in developing some of our key strategic concepts and partnerships and we are pleased that he has decided to join our team," says Hans-Jurgen Franke, Chief Technology Officer.

Troy, is currently a business and executive management consultant and has a plethora of experience in start up companies and bringing companies and products to market. He is an accomplished public speaker and author on these topics and his addition to the AlgoDyne management team brings tremendous bench-strength and confidence in the success of the company's go forward plans.

"I am pleased to join this dynamic team in a vibrant and rapidly emerging industry," says Troy Metz. "I look forward to engaging our customers and potential partners in moving our products, services, and investments into the market across North America as well as working with opportunities in Brazil and in other interested regions around the world," he adds.

"I look forward to working with Troy. He has already completed significant tasks for our company in a short period of time including the CGF acquisition and I am very confident that in a short period of time we will see the results of his efforts and skills," adds Prof. Franke CTO.

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.