New Generation Biofuels Holdings, Inc. (GNB)

[analogdog]

RedChip Visibility Issues Fourth Quarter 2007 Research Update On New Generation Biofuels Holdings
Wednesday May 7, 11:05 am ET

ORLANDO, Fla., May 7, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. has issued a fourth quarter 2007 research update on New Generation Biofuels Holdings, Inc. (AMEX:GNB - News), a development stage company engaged in the commercialization of a proprietary technology to manufacture biofuel from domestically produced, renewable vegetable oil.

Neha Bhargava, MBA, RedChip Research Analyst, wrote in the report:

``GNB ended 2007 taking a progressive step into power generation while demonstrating potential in fleet vehicle application. The Company is escalating efforts to achieve commercial viability and has achieved some encouraging results as evidenced by the successful completion of test burn agreements. We expect the Company will continue to validate its technology in many applications and achieve prolific outcomes in terms of orders for its biofuel in 2008.''

``Since the Company's listing on AMEX, the stock has shown an upward trend in prices and volume. We believe GNB's recent approval for listing on the AMEX will open doors for finance availability and ensure the Company does not face any delays in achieving the milestones toward commercialization of its biofuel technology,'' Bhargava continued.

``Considering the biofuel market as a whole, we continue to believe GNB's proprietary alternative biofuel product has distinct and compelling competitive advantages over traditional biofuel. We maintain our 'Speculative Buy' rating and issue a target price of $11.00,'' she concluded.

To receive a complimentary copy of the RedChip Visibility first quarter 2007 research report for GNB, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=104&from=05062008pr

For more information about GNB, including the RedChip research reports, visit: http://www.redchip.com/visibility/investor.asp?symbol=GNB

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Real Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp

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Disclosure

None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. New Generation Biofuels Holdings, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $20,000 for RedChip Visibility Program services, which included the preparation of this equity research report. RedChip Companies, Inc. is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip Companies, Inc., has received 50,000 warrants with a strike price of $2.00 and 50,000 warrants with at strike price of $3.00 from New Generation Biofuels Holdings, Inc. for investor relations services.


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