Alternative Fuel Technologies Plans Facility and Personnel Expansion in Anticipation of New Business

Oct 28, 2010, 09:00 ET from Alternative Fuel Technologies, Inc.

REDFORD, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) today announced that the Company plans to expand its research & development facility in Redford, Mich. by 25 percent in anticipation of new business from government and commercial customers.

In addition to expanding its facility for offices and additional lab space, the Company plans on purchasing a high-precision Computer Numerical Control (CNC) grinder and a Talyrond high-precision measurement instrument to improve the quality of its fuel injection systems, and hiring three additional engineers over the next four-to-six months to handle increased DME and jet fuel system development projects.

"Over the past year, we have seen a growing interest in our fuel injection systems from government and commercial customers around the world," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "We have delivered more of our fuel injection systems to our customers in 2010, than ever before. As a result of new customer wins and recent contract awards, we are more self-sufficient than ever. This planned expansion will allow the Company to continue along its growth curve, ramp up its manufacturing capability, and increase capacity across the board."

About Alternative Fuel Technologies, Inc.

Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit: http://www.altfueltechnology.com

Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ cmaterially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.

CONTACT:

intellibridgeIR

949-981-5062

aftc@intellibridgeir.com

SOURCE Alternative Fuel Technologies, Inc.



RELATED LINKS

http://www.altfueltechnology.com