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New Generation Biofuels Set to Join Russell Microcap Index
Date:6/24/2008

nce and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007. All forward-looking statements included in this news release are based on information available at the time of the release. We are under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

David Gillespie, President & CEO

New Generation Biofuels, Inc.

713-973-5720

Rob Schatz

Wolfe Axelrod Weinberger Associates, LLC

212-370-4500


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SOURCE New Generation Biofuels
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