AFTC Alternative Fuel Technologies Inc (PK)

Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) is pleased to announce that it expanded its relationship with the Korean institute of Energy Research (KIER) to supply an order for 4 more DME feed pumps for delivery in late summer. This brings the total procured by KIER to 10 pumps purchased.

KIER is interested in adopting AFTC technology of DME as a replacement for diesel fuel and views DME as an economic means by which the country may improve air quality and gain increased energy security in the future. In addition, government officials realize the potentially massive economic benefits associated with widespread adoption of DME as a fuel source.

The Korea Institute of Energy Research is a Government entity which focuses on advanced energy Research and Developments projects with the goal of mass implementation and Commercialization of efficient, clean energy alternatives (http://www.kier.re.kr/open_content/eng/main_page.jsp).

AFTC CEO James C. McCandless stated, "We are happy to see that our existing customers are finding success with our products and are making additional purchases."

About DME

DME 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.

About AFTC:

Alternative Fuel Technology 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 either (DME). AFTC 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.

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.

Further information on Alternative Fuel Technologies Inc. is available at: http://www.altfueltechnology.com/

CONTACT: InvestSource, Inc. Investor Relations: 714-847-2460 Email Contact