AlgoDyne Green Power Racing Team going to Dakar with Colin McRae

By: Bollywood Movie Review

AlgoDyne Ethanol Energy Corp. (“AlgoDyne” or the “Company”) (OTCBB:ADYN) is pleased to announce that through its sponsorship agreement with X-Raid GmbH Motor Sport of Germany (“X-Raid”), X-Raid has signed ex-world champion, Colin McRae, to join their team. The 38-year-old Scot was world champion in 1995 and has won a total of 25 world rally championship events, placing him fourth on the all-time greats. McRae joins three time extreme skiing world champion, Guerlain Chicherit of France, and reigning rally production car world champion, Nasser Al-Attiyah of Qatar at X-Raid.

The X-Raid team, now known as the AlgoDyne Green Power Racing Team, is entering the Rally Dakar 2008. It will be taking part in the ultimate marathon classic using biologically produced fuel for the first time. AlgoDyne will be supplying the team with the necessary fuels and its logos will appear on the team’s BMW X3 cc as well as on team clothing.

Colin McRae has already made a name for himself in the Rally Dakar. In 2004 and 2005 he chalked up wins over 4 stages, together with his experienced co-driver, Tina Thomer. Even outside the cockpit, everything revolves around rallying for the charismatic Colin McCrae. On the one hand he has developed a new rally car and, on the other, one of the world’s most successful rally computer games.

“We could not have recruited anyone better than Colin. He is in everyone’s dream team,” says X-Raid team boss Sven Quandt, “thanks to his spectacular performance at the World-X.” BMW X3 cc were tested during a four day test drive in Morocco. “Colin felt good from the off, he was fast and he looked enthusiastic,” added Quandt. Following the initial test drive, Colin McRae summed up: “The team and its BMW X3 cc are exactly the right choice. The squad is small, but it is good and focused on its work. I believe we can challenge the factory teams. The car handles well and reminds me of a world rally car. I was particularly impressed by the incredible torque of the BMW diesel engine. After a short period of adjustment, I really got to grips with the car. It was the first time a mixture of biologically produced diesel fuels has been used and it worked well from the start. It’s great to be in at the launch of a project like this.”

The main reasons for AlgoDyne entering into the new, several year partnership were the BMW engines and the highly experienced X-Raid team. “Working with a strong team with modern diesel engines will help us develop the optimal performance fuels of the future,” says Prof. Hans-Jurgen Franke, director of AlgoDyne.

The Company is working on extracting biomass from algae, from which electricity, hydrogen, biogas, carbon, ethanol and bio diesel can be produced, and is working together with X-Raid not only to raise its own profile, but to prove the effectiveness of its own biofuels. “By using bio diesel in an exciting and challenging sport like rallying, we hope to convince our customers within a measurable timeframe that it will perform just as well for them as petrol or conventional diesel,” adds Prof. Franke.

The newly found AlgoDyne Green Power Racing Team will be showcased at the International Motor Show in Frankfurt on September 13th and will be in the starting line-up for the UAE Desert Challenge in the United Arab Emirates (October 27th to November 2, 2007). AlgoDyne is also listed on the Frankfurt Stock Exchange.

About AlgoDyne Ethanol Energy Corp.

AlgoDyne is a corporation committed to developing initiatives in Eco-Energy worldwide. Its focus is to create a portfolio of three primary activities (raw materials, wholesale/manufacturing, and retail) in the Ethanol and BioDiesel industries. The business plan envisages being fully engaged in all sectors of its strategic plan by Q4 of 2007.

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.