(AFTC.PK) Alternative Fuel Technologies Submits Proposal to US NAVY for 20 Million Dollar SBIR Contract

  Alternative Fuel Technologies Inc.
(PINKSHEETS: AFTC) today announced it has submitted a proposal to the US
NAVY to develop an innovative advanced propulsion solution for future
combatant craft with breakthrough technology for multi-fuel engines
weighing three to five times less than conventional diesel engines of the
same horsepower.

The SBIR invitation (Topic Number NO 92-122 - NAVY) project includes three phases totaling nearly $20,000,000.00 after full completion of a prototype engine installed on a marine craft. AFTC expects an answer from the US NAVY in the next 60 to 90 days.

Alternative Fuel Technologies Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles.

For more information please visit www.altfueltechnology.com

Other active stocks are General Electric (NYSE: GE), Ford Motor Company (NYSE: F) and The Dow Chemical Company. (NYSE: DOW).

For entire release, go to http://finance.yahoo.com/news/Alternative-Fuel-Technologies-iw-1201235007.html?x=0&.v=1

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 IO News Wire $1,295.00 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: Eric Jensen Company: http://www.ionewswire.com Phone: [phone]