Consolidated Biofuels, Inc. Moves Corporate Headquarters to Chicago

Consolidated Biofuels, Inc. (OTC: CSBF), an alternative
fuels company, announced today the transition of its corporate
headquarters to Chicago, Illinois. Note the following:
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Consolidated Biofuels, Inc.
980 North Michigan Avenue
Suite 1400
Chicago, IL 60611

Tel: [phone]
Fax: [phone]
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   Daniel Honeycutt, President and Chief Executive Officer of
Consolidated, states, "The relocation of Consolidated Biofuels to
Chicago is a strategic move. Chicago is the heartbeat of the
commodities markets. Cost-efficient biodiesel production and an
effective integrated risk management program require our active
participation in the commodities markets. As a future leader in the
biodiesel industry, we recognize that we are intrinsically tied to
Chicago. We look forward to a long, continuing presence in Chicago,
and welcome the opportunity to be an excellent corporate citizen of
Chicago."

   For further information visit: http://www.consolidatedbiofuels.com

   This press release contains some forward-looking statements. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events, or
otherwise. Forward-looking statements in this document should be
evaluated together with the many uncertainties that affect our
business.