SOX News

The Alternative Energy Technology Center Eatablishes Corporate Governance Regimen

(Feb 18, 2008)-- The Alternative Energy Technology Center, announced that it has established a corporate governance regimen to create investor awareness and transparency for the benefit of shareholders and investors. The Company expects to update its current information filings in February and to establish a code of conduct and code of ethics for management and employees as recommended by the Sarbanes Oxley act.

The Company then intends to complete the audit of its financial statements and file a Form 10 in 2008 to become a fully reporting company with the Securities and Exchange Commission in order to give better transparency to investors.

In addition, the Company announced today that the venture between recently acquired Meridian Biorefining, Inc. and Gulf Ethanol Corporation was terminated when the parties could not agree to terms on the licensing agreement. The venture would have allowed GFTE to acquire the rights to new cellulose feed-stock processing technology for ethanol.

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