Alpine Management Systems, Inc.(fka ALPN)

[jpklma]

Colusa Biomass Confirming its Cellulosic-Ethanol Technology

Colusa Biomass Energy Corp. Tuesday announced that the company's primary objective is to complete, as soon as possible, independent testing and validation of its biomass to ethanol technology. Results of the technology testing and validation, together with the independent feasibility study, are expected to be completed early this year. In order to support the validation, feasibility, plant engineering and design, as well the cost of the construction of the biorefinery, management has been seeking financial resources. Preliminary estimates suggest these costs and expenses could be in the $45-million to $55-million range. In discussions and initial negotiations with prospective funding sources, restructuring and possibly reorganizing the Company may, and most probably, will be required. The company's proprietary process is designed to convert waste biomass to fuel ethanol. Colusa Biomass is located in the heart of the Sacramento Valley, Calif. rice producing region.