CNL Cleco Corp.

Company Surpasses One Million Gallon Mark; Files Form 10-QSB with SEC LOS ANGELES, Nov. 14 /PRNewswire-FirstCall/ -- Diametrics Medical, Inc. (OTC:DMMC.OB) (BULLETIN BOARD: DMMC.OB) , which will change its name to "Allegro Biodiesel Corporation" pending shareholder approval, today announced that its production facility in Pollock, Louisiana, has produced more than a million gallons of soybean-based biodiesel since it began operating in April. The company also said it today filed its Form 10-QSB with the SEC. "Last month we surpassed the one million gallon mark, which represents an important early milestone for our company," said President and Chief Operating Officer Darrell Dubroc. "In the last two years, our team has repurposed an ammonia-making plant into an operating biodiesel facility with the capacity of up to 12 million gallons per year, which is expandable to 20 million gallons per year on the current footprint. We are more than satisfied with our rate of progress." Dubroc noted that the Pollock facility, located in Grant Parish in central Louisiana, should help meet the state's long-term demand for biodiesel. In June 2006, the State of Louisiana enacted a mandate that will require that all diesel sold in the state have a 2% biodiesel blend. This "B2" mandate will become effective once 834,000 gallons of biodiesel per month can be produced within the state. Based on the state's aggregate use of approximately 760 million gallons of diesel in 2005, fulfilling the 2% mandate will require an estimated 15 million gallons of biodiesel annually. The company also issued the following updates: * Financial Condition -- As of September 30th, the company had total assets of approximately $38 million and total liabilities of approximately $7 million. During the 10-day "stub" period from September 20th to September 30th, the company recorded $126,281 in biodiesel fuel sales. Full details of the company's financial position, including its net loss for the period, are available in its Form 10-QSB. The company noted that the stub period is not representative of a typical quarter. * New Personnel -- The company has hired as Michael E. Boswell as its new Project Construction Manager. With more than 25 years of experience in construction management, Mr. Boswell was most recently Construction Manager for Fru-con Construction Corporation at Procter & Gamble Co. in Pineville, Louisiana, and led P&G's $200 million capital expansion project to construct a liquid detergent production facility. He holds a B.S. in Construction Engineering Technology from Louisiana Tech University. Mr. Boswell will focus on the company's capital projects and the Pollock plant expansion. Charles M. Murray has been named as Controller of the company's Louisiana operations. Since 1986, he held accounting and finance positions of increasing responsibility at Cleco Corp. (NYSE:CNL), the regional energy company headquartered in Pineville, Louisiana. Most recently, he was the Assistant Controller, playing a key role in implementing Cleco's Sarbanes-Oxley compliance program and improving its financial reporting process. Mr. Murray was also deeply involved in the planning and financing of Cleco's $1 billion construction of its three natural gas-fired merchant power facilities, the acquisition of gas transmission systems, and the development of its merchant power marketing and trading operation. He holds a B.S. in Accounting, magna cum laude, from Louisiana Tech University. * Special Meeting -- On November 8th, the company filed with the SEC a definitive notice of a special meeting of stockholders on Schedule 14-C. The special meeting will be held on November 28th at 10:00 a.m. in Los Angeles at 6053 West Century Blvd., Suite 510, Los Angeles, California 90045. The special meeting relates to the proposed reincorporation of the company in the State of Delaware and the aforementioned name change to Allegro, as well as the approval of its 2006 Incentive Compensation Plan and the ratification of indemnification agreements between the company and certain members of its board of directors. * Website Launch -- Pending approval of the name change, the company will launch its website under the domain name http://www.allegrobiodiesel.com/. About The Company In September 2006, Diametrics entered the biodiesel sector with the acquisition of Vanguard Synfuels, LLC, an operating biodiesel facility in Pollock, Louisiana. The company, which currently produces and sells biodiesel to the local and national market, is in the process of changing its corporate name to "Allegro Biodiesel Corporation." The information included in this press release contains forward-looking statements. All statements that do not concern historical facts are forward-looking statements. These statements involve substantial known and unknown risks and uncertainties that could cause the actual results to differ materially from those described herein. Diametrics' forward-looking statements are based on information currently available to it, and Diametrics undertakes no obligation to update or revise these statements, whether as a result of changes in underlying factors, new information, future events or otherwise. DATASOURCE: Diametrics Medical, Inc. CONTACT: David Allan of Ketchum, New York, +1-646-935-4070, , for Diametrics Medical, Inc. Web site: http://www.allegrobiodiesel.com/

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