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IBOX INFO Prior to Changes:
HIGH VELOCITY ALTERNATIVE ENERGY, INC. (HVAG)

Feb 4, 2008
A/S- 100,000,000
O/S- 9,108,982

Recent PR:
High Velocity Alternative Energy (HVAG), Inc. Signs $30,000,000 Distribution Contract
Tuesday, March 4, 6:15am ET

Bedford Park, IL, March 4, 2008 (Prime Newswire) -- High Velocity Alternative Energy, Inc. (HVAG.PK) announced today they have received a contract for $30,000,000 to supply a major Midwestern distributor of lubricants, anti freeze and solvents. The distributor supplies national auto parts stores, C-stores and national retail chains.

The annual contract will consist of both private label and proprietary brands of High Velocity Alternative Energy, Inc. The products included are: packaged oil, anti-freeze and windshield washer fluid.

“This contract represents a major shift from being a small regional oil packaging company. High Velocity’s model is to provide superior service in existing markets and leverage larger distributors for a national presence.” said Richard D. Carter, Chief Executive Officer of High Velocity Alternative Energy.

About High Velocity Alternative Energy, Inc.

High Velocity Alternative Energy (HVAG), Inc. is a middle market petroleum-based lubricant company specializing in the refining, blending, packaging, and distribution to the automotive and manufacturing aftermarket with established regional distribution channels. HVAG has recently started utilizing technology to capitalize on renewable energy and lubricant sources by recycling spent oils and glycols. High Velocity’s 40,000 square foot plant is conveniently located outside Chicago with access to interstate and rail access.

Forward-Looking Statements

This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.

Contact:
High Velocity Alternative Energy, Inc.
[phone]
Richard D. Carter, Chief Executive Officer

Office of the President:
High Velocity Alternative Energy Corp
5841 West 66 th Street
Bedford Park, IL 60638
[phone]

Administrative and Accounting Office:
High Velocity Alternative Energy Corp
1328 Zion Road
Bellefonte, PA 16823
[phone]

Ron Shapss, 58, Chairman of the Board
Mr. Shapss is the founder of Ronald Shapss Corporate Services, Inc., (“RSCS”) a company engaged in consolidating fragmented industries since 1992. Ronald Shapss, Esq. has represented companies before various Federal and State regulatory agencies since 1970. Although an attorney by training, Shapss has developed a substantial and sterling reputation over the past 20 plus years doing transportation M & A work. Shapss was the founder of Coach USA, arguably one of the most successful roll-up transactions. His resume includes U.S. Delivery, Inc., Consolidated Delivery and Logistics, Inc. and Corestaff, Inc. Shapss recently founded Frontline Communications, Inc., (NASDQ: FCCN), an Internet service provider, which went public in May 1998. He is presently on the advisory boards of Consolidation Partners Founding Fund, L.L.C., and 1+ USA, Inc. which founded Advanced Communications Group, Inc.(NYSE: ADG), the first CLEC to trade on the New York Stock Exchange. He has worked intimately with Wayne Henry over the years and will continue that successful team effort as he develops the energy project.

'The New 'New' Thing(s) In Logistics Acquisitions' by Ronald Shapps Esq.
http://www.mcaa.com/magazine/2007_summer/007.pdf

CEO, President and Director

Michael Margolies became Vice Chairman and Secretary of Headliners in January 2002, after having served on the Board of Directors for the prior 3 years. Mr. Margolies resigned from his position as Vice Chairman in March 2005. From 1998 until December 2005 Mr. Margolies was employed as Chief Executive Officer of Global Concepts, Ltd. a conglomerate primarily involved in providing and transportation services in the United States and Europe. Mr. Margolies was previously a President and a member of the Board of Directors of the Company from May 18, 2006 until March 6, 2007.

Director, Vice-President of Business Development

Mr. Chason is retired from Gelco Corporation, a New York Stock Exchange Company, whom he joined in 1968. He was a member of the Board of Directors, Executive Vice President of the Corporation and Chairman and Chief Executive Officer of the Fleet and Management Services Division. Mr. Chason was the Chairman of the American Automobile Leasing Association at the time of his retirement. Mr. Chason was deeply involved both in the growth of the company (present revenue in the billions) and in taking the company public in 1969. Mr. Chason has served on various Boards over the past 15 years. He is a graduate of New York University, and a veteran of the U.S. Navy. He was previously a member of the Board of Directors of the Company from August 1, 2006 until March 19, 2007.

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