SmallCapNewsRelease:(OTC:AFTC) Receives Phase I Army Award

JERICHO, NY--(SmallCapNewsRelease)--January 19th, 2010 Alternative Fuel Technologies, Inc. (OTC:AFTC) announced earlier today their subsidiary Alternative Fuel Technology, LLC has been awarded $50,000 to its Phase I Army Small Business Innovation Research (SBIR) contract.

The Phase I contract, which was completed in late July of 2009, involved accelerated testing and analysis of a high pressure fuel injection pump running JP-8 jet fuel. The US Army uses JP-8 jet fuel in all vehicles and engine powered equipment.

The option award gives Alternative Fuel the ability to continue concept and design work while Phase II of the contract is formalized.

To view the entire press release, please visit: http://finance.yahoo.com/news/Alternative-Fuel-Technologies-prnews-681010729.html?x=0&.v=1

SmallCapNewsRelease gainers are Allied Group Defense (AMEX:ADG) Stratasys Inc (NASDAQ:SSYS) Hanmi Financial Corp (NASDAQ:HAFC) Aehr Test Systems (NASDAQ:AEHR) Broadview Security (NYSE:CFL) Wave Systems Corp (NASDAQ:WAVX) SkyPeople Fruit Juice (AMEX:SPU) Exceed Company (NASDAQ:EDSWW)

SmallCapNewsRelease decliners are Trans-Lux Corp (AMEX:TLX) Wabash National Corp (NYSE:WNC) AMCORE Financial Inc (NASDAQ:AMFI) Infosonics Corp (NASDAQ:IFON) Naugatuck Valley Financial (NASDAQ:NVSL) China Shen Zhou Mining (AMEX:SHZ) Waccamaw Bankshares 9NASDAQ:WBNK) Oilsands Quest (AMEX:BQI)

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid Small Cap News Release twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation, do no trading of any kind and send no faxes or emails.

Contact Information

Eric Jensen

Media Contact

Small Cap News Release

Contact via E-mail