CSBF Consolidated Biofuels Inc (CE)

Today, Consolidated Biofuels, Inc., a Chicago-based public company (Pinksheets:CSBF), through its CEO Daniel Honeycutt, announced his invitation by His Excellency Dr. Naser Al Belooshi, Ambassador of the Kingdom of Bahrain to the United States, to attend a private reception at the Kingdom�s Embassy in Washington D.C. on June 20, 2007. Mr. Honeycutt expressed that he, �is very honored by His Excellency�s invitation� and that he has responded to His Excellency�s staff that he plans to attend the invited reception honoring the �House of Representatives�. This invitation follows closely after a very positive visit to Bahrain during which Mr. Honeycutt, and Mr. Marty Johnson of International Bio Fuels, were asked to speak and co-present by invitation at the Global CleanTech 2007 conference that was held in Manama, Bahrain, the capital city, May 29-31, 2007. During the conference, Mr. Honeycutt was substantially quoted in the Bahrain Tribune, after a personal interview conducted by Ms. Siriwattasit of the Tribune. From that interview, Mr. Honeycutt was partially quoted as saying, �Bahrain possesses more than $300 billion worth of equity in the financial sector alone, over 30 per cent of which represent idle funds that could be used to capitalize on increasing opportunities to incubate its nascent alternative energy industry into a multi-billion dollar market within the next 10 years.� To review the entire Bahrain Tribune article, readers should go to: www.bahraintribune.com, in the archives, May 31, 2007, Business Section, titled �Capital Raising Opportunities for Bahrain�s Alternative Energy Sector�. Today, Mr. Honeycutt further stated, �Our domestic focus is not diluted by our interest in seeking capital funding and equity participation in Bahrain and elsewhere; our focus is, in fact, enhanced. Many of the strongest domestic energy investors have been badly burnt by coming into the biofuels industry way too early, but now, at the exact right time to invest, they are unable or unwilling to approach large-scale biodiesel projects such as our very well-planned joint venture projects with International Biofuels in the U.S. Gulf States, and the Mississippi Valley Corridor. Interestingly, the Bahrainian banking, finance and investment communities are very sophisticated in the energy sector and have projected petro prices to plateau before 2014. Therefore, they are now very anxious to diversify their overall investment portfolio into the alternative energy sector including biodiesel and other strong asset plays in the United States. Consolidated is more than prepared to help them invest wisely in America.� About Consolidated Biofuels, Inc.: Consolidated Biofuels, Inc. is a development-stage, alternative fuels company that has aligned its business strategies, research, consulting, alternative fuels solutions and environmental strategies with the needs of the commercial transportation industry, including trucking, railway, barge and tanker shipping modalities. For further information visit our website: http://www.CBioIntl.com For financial statements and past press releases visit: www.pinksheets.com This press release contains some forward-looking statements. Forward-looking statements involve estimates, projections goals forecasts, assumptions, risk and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements, and are current as of the date on which such statements are made. 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.