2008-03-18 07:50:07 -
www.gulfethanolcorp.com/gulf_ethanol_investors.htm - Gulf Ethanol Corporation (OTC:GFET): Ethanol stocks have been a bust in recent months as rising corn costs have squeezed the profit margin of traditional ethanol plants. Ethanol continues to gain market share, now nearly 10% of the fuel industry according to VeraSun Energy Corp. (AMEX: VSE). Gulf Ethanol represents the contrarian play to alternative energy
investors through its cellulose to ethanol program and its plan to begin retrofitting unprofitable plants to cellulose feed stock in 2008.
"The failure of corn-based ethanol stocks spotlights the contrast between Gulf Ethanol and it competitors. With corn at $5.64 per bushel, we can get cellulose at $45 per ton," noted JT Cloud, Gulf's President. "Our feedstock costs will be about $0.45 per gallon while existing producers' feedstock costs are near $2.00 per gallon. That revolutionizes the economics of ethanol and makes Gulf ethanol a great contrarian play to corn based ethanol stock," he concluded.
Because the development of biofuels is essential to America's energy security, market leaders including agricultural giants such as ADM (NYSE: ADM), Cargill and soybean processor Bunge Limited (NYSE: BG) will continue to play an active role in the development of alternative fuels.
About Gulf Ethanol Corporation
Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast.
For more information please visit our homepage at: www.GulfEthanolCorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Gulf Ethanol Corporation
William Carmichael, 713-461-9229
ir@gulfethanolcorp.com 
