New Generation Biofuels CEO to Present at the RedChip Emerging Markets Small-Cap Investor Conference

LAKE MARY, Fla., Aug. 18  /PRNewswire-FirstCall/ -- New Generation Biofuels Holdings, Inc. (AMEX:GNB), a renewable fuels provider, today announced that David Gillespie, President & CEO will be presenting at the RedChip Small-Cap Investor Conference on Thursday, August 21st, 2008, at 10:15am Eastern Time. Management will also be available for one-on-one meetings during the day. The conference will be held at the New York Marriott Marquis Hotel in New York City. The presentation will be webcast and can be viewed at: http://www.redchip.com/, you may also find information about attending the conference on this website.

About New Generation Biofuels Holdings, Inc.

New Generation Biofuels is a renewable fuels provider.  We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels.  Our business model calls for establishing direct sales from manufacturing plants that we may purchase or build and sublicensing our technology to qualified licensees.

Forward Looking Statements

This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2008.

   CONTACT:

   David Gillespie, President & CEO
   New Generation Biofuels, Inc.
   713-973-5720

   Rob Schatz
   Wolfe Axelrod Weinberger Associates, LLC
   212-370-4500


DATASOURCE: New Generation Biofuels Holdings, Inc.



CONTACT:  David Gillespie, President & CEO of New Generation Biofuels,

Inc., [phone], or Rob Schatz of Wolfe Axelrod Weinberger Associates,

LLC, [phone]



Web site: http://www.redchip.com/ 

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