AlgoDyne Ethanol Energy Corp. (“AlgoDyne” or the “Company”) (OTCBB:ADYN) is excited to celebrate with its X-Raid Team a podium finish at the 2007 Guy Hoget Rally of Morocco.
The X-Raid Team is an AlgoDyne-sponsored racing team, in this race, powering three BMW X3CC racing vehicles. The traditional curtain raiser of the 2007 FIA Cross-Country Rally World Cup attracted a customary large crowd and the X-Raid teams were in superb form, finishing in first place on the first day of the race.
The team's finish was led by Olympic athlete and United National Global Sport Fund Ambassador Nasser Saleh Al-Attiyah and his co-driver Tina Thorner. “I had no problem with being the first car on the road,” said Al-Attiyah. “But Tina did a great job on the road book and it is fantastic to win a desert stage on the Desert Challenge.”
On day two of the race Nasser's team set an impressive third successive fastest time for the AlgoDyne Green Power Racing Team. Day two represented “another superb stage for Nasser and a third win for X-Raid,” says Sven Quandt, team director. “Nasser is a top class driver and he drove a superb stage for us.”
Day three for the X-Raid team was challenged with mechanical problems and heat. Nasser's car experienced rear differential problems and slipped to fourth place overall, finishing the final agonizing kilometers in baking heat across shifting terrain in just two wheel drive.
By day four the AlgoDyne team had recovered from its mechanical challenges and returned with a stage win in third place overall. “It was another fantastic day for us,” said team director Quandt. “Nasser again drove a superb stage and the whole team was delighted that we are back in a podium position.”
In the final leg of the race the AlgoDyne team was placed for a podium finish when electrical problems cost the crew a potentially hard-earned second place.
“We have a strong team, a dedicated crew and talented drivers on our team,” says Troy Metz, Vice President, Business Development. “It was an incredible experience for everyone involved and the recognition of the AlgoDyne team to spectators and media and it re-enforced our commitment to this type of marketing and branding for the company.”
The AlgoDyne Team will now take all the data and begin its preparation for the opening of the Dakar Rally which starts in Lisbon on January 5th and ends in Dakar on January 20th.
About AlgoDyne Ethanol Energy Corp.
AlgoDyne is a corporation committed to developing initiatives in eco-energy world wide. Its focus is to create a portfolio of three primary activities (raw materials, wholesale/manufacturing, and retail) in the ethanol and biodiesel industries.
Legal Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) the Company anticipates it will have access to a broad range of equipment, products and accessories and intends to offer these products through a new e-commerce solution and sales force, with the first market being in Canada and soon, expansion internationally; (ii) the Company is committed to developing initiatives in eco-energy world-wide; (iii) the Company's focus is to create a portfolio of three primary activities in the ethanol and biodiesel industries; and (iv) the Company anticipates that its business plan will be fully engaged in all sectors of its strategic plan by Q4 of 2007.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that the Company does not execute its business plan; (ii) the inability of the Company to keep pace with technological advancements in the field of eco-energy, including the ethanol and biodiesel industries; (iii) the Company's inability to adequately protect its intellectual property or the Company's inadvertent infringement of third party intellectual property; (iv) the Company not being able to retain key employees; (v) competitors providing better or cheaper products and technologies; (vi) markets for the Company's products not developing as expected; (vii) the Company's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals; and (ix) the inability to effectively market and commercialize the Company's technologies, including the establishment of viable relationships with third parties. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
AlgoDyne Ethanol Energy Corp.
Investor Relations:
Gordon Nesbitt, 1-800-286-6966
http://www.algodynecorp.com