Replies to post #3346 on Blue Biofuels Inc (BIOF)

[LexTrader]

WEST PALM BEACH, FL , March 27, 2019 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB: ALLM) - Alliance BioEnergy Plus, Inc. (“Alliance”) is pleased to report that, other than an ongoing dispute with the Company’s former Controller, less than $50,000 in pre-petition debt remains payable to non-affiliates of the Company in the Chapter 11 case, subject to court approval.

Management has continually expressed the belief that it would be able to reach agreements with its creditors with minimal dilution to existing shareholders. We believe that we are in the final stages of accomplishing this.