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NexGen Biofuels Ltd. Announces Plans to Replace its CFO With Local CFO

Search Initiated to Find Suitable Candidate

WESLEY CHAPEL, Florida, June 20 /PRNewswire-FirstCall/ -- NexGen Biofuels Ltd. (OTCBB:NXGNF) announced today that Eran Rotem, its Chief Financial Officer, who currently lives in Israel, will be leaving NexGen, effective June 2008. The Company has initiated search for a suitable candidate in the United States to fill this position.

Ram Ajjarapu commented: "We appreciate the contributions that Eran has made to NexGen in the transition from Healthcare Technologies Ltd. His leadership and professionalism have been recognized by everyone throughout the organization. We sincerely wish him every success in the future."

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Safe Harbor: This Press Release Contains Certain Forward Looking Statements Within The Meaning Of Section 27A Of The Securities Act Of 1933 And Section 21E Of The Securities Exchange Act Of 1934. With The Exception Of Historical Information Contained Herein, The Matters Discussed In This Press Release Involve Risk And Uncertainties. Actual Results Could Differ Materially From Those Expressed In Any Forward Looking Statement Made By Or On Behalf Of NexGen Biofuels Ltd. Readers Are Referred To The Documents Filed By The Company With The Securities And Exchange Commission, Specifically The Form 8-K/A. That Identifies Important Risks Which Could Cause Actual Results To Differ From Those Contained In The Forward Looking Statements.


CONTACT: Ram Ajjarapu, CEO


SOURCE NexGen Biofuels Ltd
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