AFTC Alternative Fuel Technologies Inc (PK)

REDFORD, Mich., April 22 /PRNewswire-FirstCall/ -- Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that the Company has built and delivered 12 DME feed pumps to Shanghai Diesel Engine Company. These pumps will be used on DME fueled buses that will operate in Shanghai. The value of this order is confidential.

"DME is rapidly gaining popularity in Asia, and we have firmly established a presence in several key markets including China," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc.

The Company developed this first generation feed pump several years ago and has sold many units in Korea, to the Korean Institute for Energy Research,  and to a European engine manufacturer.

A 2nd generation unit that further improves performance and significantly lowers noise has been demonstrated and is undergoing final development.

Shanghai Diesel Engine Company is owned by Shanghai Automotive Industrial Corporation (SAIC), one of the top three automotive corporations in China. In addition to Shanghai Diesel, SAIC has about 50 plants in the Shanghai area. SAIC makes passenger cars, tractors, motorcycles, trucks, and Sunwin buses. Its joint venture with General Motors, Shanghai General Motors, makes Buicks and other GM cars for the Chinese market. Through Shanghai Volkswagen Automotive Company, a JV with Volkswagen, SAIC also makes the Lavida. The company's other operations include car leasing, auto parts wholesale and retail, and financing. It has production facilities across China, as well as in Germany, Japan, South Korea, the UK, and the US.

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

About DME:

Dimethyl ether is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.

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 materially 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.

SOURCE Alternative Fuel Technologies, Inc.