New Generation Biofuels Publishes Letter to Shareholders and Other Stakeholders From Miles F. Mahoney, President and CEO

COLUMBIA, Md., Nov. 16, 2010 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) ("NGBF" or the "Company") announced today that it has published a letter to its shareholders and other stakeholders from Miles F. Mahoney, President and Chief Executive Officer. The letter is available on the Company's Web site at http://www.newgenerationbiofuels.com/index.php.

"I am delighted to have this opportunity to share with you my excitement and enthusiasm for New Generations Biofuels," commented Mr. Mahoney. "I invite you to visit our Web site and read my letter for additional information on our technology, products, and value-creation strategy."  

About New Generation Biofuels, Holdings, Inc.

New Generation Biofuels is a developer and provider of renewable fuels. New Generation Biofuels holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels' business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees.

Forward Looking Statements

This news release contains forward-looking statements. These forward-looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business, which include all the risks attendant an emerging growth company in the volatile energy industry, including those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and in subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward-looking statements.

SOURCE New Generation Biofuels Holdings, Inc.

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