Changing World Technologies, Inc. Files Registration Statement for Proposed Initial Public Offering.

WEST HEMPSTEAD, N.Y. -- Changing World Technologies, Inc., which sells renewable diesel oil and organic fertilizers that it produces from animal and food processing waste using its proprietary Thermal Conversion Process, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. WR Hambrecht + Co will act as lead book-running manager for this offering.

The registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained, when available, from WR Hambrecht + Co, by calling [phone], or by writing to WR Hambrecht + Co, P.O. Box 677, Berwyn, PA 19312.