Alternative Energy Companies (fka NO-GAS)

[Tackler]

http://www.woodlandbiofuels.com/

Toronto, ON, March 25, 2008 – Investeco Capital Corporation (ICC), a leader in environmental investing, today announced an investment in Woodland Biofuels, Inc. (Woodland) of Mississauga, Ontario.

Woodland has developed a patented and proprietary thermo-chemical process for the conversion of cellulosic biomass into fuel ethanol. Forest, agricultural or other common sources of biomass are gasified and processed through a series of catalytic reactions to produce ethanol, distillation water and steam.

“Based on Investeco’s due diligence, we believe Woodland’s patented Catalyzed Pressure Reduction technology is extremely efficient in its conversion of biomass and is highly scaleable”, stated Andrew Heintzman, President, ICC. “Woodland’s process is significantly more efficient than traditional ethanol production and its cellulosic competitors”, he continued.

“While the energy conversion ratios and greenhouse gas mitigation for traditional corn based ethanol is marginal at best, the potential for Woodland’s process of producing ethanol from waste streams is significantly superior.”

”Demand for this "next generation" ethanol is expected to be enormous over coming years. For example, the United States has set an objective of 36 billion gallons of renewable and alternative fuels by 2022; most of that would come from cellulosic ethanol”, concluded Mr. Heintzman.

“We are very pleased that Investeco is the first institutional investor to recognize the potential of our Catalyzed Pressure Reduction technology and is financing its further development and commercialization”, said Greg Nutall, President, Woodland. “Investeco’s recognized expertise in environmental investing will assist us as we seek other investors and partners in the future”.

Woodland is also a recently announced recipient of $9.8 million in assistance from Sustainable Development Technology Canada towards the commercialization of its technology and development of a demonstration plant.