Dutton Associates Announces Investment Opinion: O2Diesel Speculative Buy Rating Reiterated In Update Coverage By Dutton Associat

  
    
  
  
    
      Dutton Associates continues its coverage of O2Diesel Corporation 
      (AMEX:OTD), reiterating a speculative buy rating and a $2.25 price 
      target. The 12-page report by Dutton senior analyst Sally H. Wallick, 
      CFA is available at www.jmdutton.com 
      as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and 
      other leading financial portals.
    
    
      The second half of 2007, to date, has been an active period for O2Diesel 
      highlighted by a number of important developments, including: (1) The 
      announcement of the first demonstration programs for O2Diesel 
      in France and in Spain; (2) The departure of Richard Roger, the Company’s 
      President and COO, at the end of July; (3) The American Stock Exchange’s 
      (AMEX) acceptance of O2Diesel’s plan to return 
      to compliance with the exchange’s listing 
      requirements; (4) Inclusion of the Company in the fiscal 2008 Defense 
      Appropriations bill to continue and expand existing demonstration 
      projects for a new clean, renewable alternative diesel fuel, O2Diesel 
      O28, at Nellis Air Force Base and Air National Guard facilities in 
      Nevada; (5) The announcement that the U.S. Air Force is tentatively 
      planning to deploy O2Diesel’s ethanol/diesel 
      fuel technology in the continental U.S.; (6) The addition of a third 
      customer at the Port of Los Angeles, doubling the use of O2Diesel 
      at the port; and (7) Expansion of the Company’s 
      relationship with its Asian distributor, Energenics, including a 
      $2-million investment by Energenics in a joint venture with the Company 
      and receipt of a $2.2 million additive order from Energenics. As 
      indicated, O2Diesel appears to be making progress toward commercializing 
      its product both domestically and internationally.
    
    
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      Dutton Associates is one of the largest independent investment research 
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