Wall Street News Alert: CLTH Is Wednesday's Stock to Watch! June 4, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- 06/04/08 -- Wall Street News Alert's "stocks to watch" this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Striker Oil & Gas, Inc. (OTCBB: SOIS), BioFuel Energy LLC (NASDAQ: BIOF) and Pacific Ethanol, Inc. (NASDAQ: PEIX).

Having announced last month that it has begun identifying and evaluating sites for its first commercial facility, CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors monitoring the stock closely. Yesterday after the markets closed, the company issued a press release announcing that that preliminary data received from Hazen Research indicates that the sugar production potential of its licensed, dilute acid hydrolysis technology, which was originally developed at the University of California at Berkeley, is sufficient to support very economically attractive production of fuel grade ethanol from municipal garbage.

Great news for the company! CleanTech CEO, Edward P. Hennessey, commented: "The preliminary data we received from Hazen Research is extremely positive. We are optimistically awaiting the final results that will quantify more key variables in the waste-to-energy economics equation."

This "Cellulosic Ethanol" production system differs significantly from other ethanol production systems in that it uses currently-collected municipal solid waste as its feedstock rather than other, more expensive feedstocks, such as corn, sugar or other dedicated biomass crops or residues. Municipal solid waste is typically 50% to 60% organic material. Using its proprietary, licensed technology CleanTech converts this organic material into what it calls Process Engineered Fuel (PEF). The produced PEF is then converted into sugars, which are fermented to produce clean, fuel grade ethanol. Conclusive results further quantifying the efficiencies and economics of the processes will be disclosed in the coming weeks.

While corn-based ethanol production has provided the necessary impetus for development of a much needed biofuels industry, nearly everyone recognizes that ethanol production from non-food sources, called "Cellulosic Ethanol," is the future of biofuels. One of the primary challenges to cellulosic ethanol production is the cost of growing, harvesting, collecting and transporting the biomass. CleanTech's business model of using currently-collected MSW as its feedstock overcomes this problem, while simultaneously remediating landfill problems. In fact, contrary to the high feedstock costs of competing business models, MSW could even offer a negative feedstock cost, i.e. CleanTech will likely get paid to take its feedstock! This feedstock cost difference represents a tremendous advantage for CleanTech over its cellulosic ethanol producer competition.

Investors are urged to continue to monitor the progress of the company! Last month the company reported that it has begun identifying and evaluating sites for its first commercial facility. CleanTech is seeking to work with municipalities and waste haulers in locations with favorable tipping fees (fees paid to accept trash), feedstock supply, transportation logistics, and governmental financing possibilities to implement its technology to convert municipal solid waste (curbside garbage) into ethanol.

Before the news was released, the stock closed Tuesday at $1.08 a share.

For Wall Street News Alert's in-depth profile of CleanTech Biofuels, visit http://www.WallStreetNewsAlert.com/HotStocks/CLTH060308/default.aspx.

In case you are not familiar with the company: CleanTech Biofuels, Inc. is a development stage company that is developing cutting edge waste-to-clean fuel technologies. The company has licensed and is developing its core patented technologies which, when combined, can be used to convert the cellulosic material in municipal solid waste, green waste, and other cellulosic waste materials into fermentable sugars for the production of ethanol.

Striker Oil & Gas, Inc. (OTCBB: SOIS) has been going crazy since we first alerted our subscribers on Sunday night. In the past two days, the company has traded well over 1.1 million shares and the stock price has increased over 53%. Yesterday the company announced that it has successfully recompleted the LeJeune No. 1 well in its North Edna prospect located in Jefferson Davis Parish, Louisiana. The well came online last week and is currently producing 137 gross barrels of oil per day to the 100% working interest.

BioFuel Energy LLC (NASDAQ: BIOF) up 4.1% on 250,000 shares traded.

BioFuel Energy is a development stage company currently engaged in constructing two 115 million gallons per year ethanol plants in the Midwestern corn belt. The Company's goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities.

Pacific Ethanol, Inc. (NASDAQ: PEIX) up 9.9% on 21.2 million shares traded.

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California.

Market Commentary:

"The Commerce Department reported that new orders at U.S. factories rose 1.1 percent in April, well above the 0.1 percent decrease economists had forecast," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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