Xethanol Officially Opens New Iowa Facility With Media Coverage by Local Paper and Television...

NEW YORK -- Xethanol Corporation (OTCBB:XTHN), a leading bio-technology integration and ethanol production company, today announced that it officially reopened its BioFuels ethanol facility in Blairstown, Iowa, last week. The opening generated significant media coverage, with a feature story appearing

"This day marked a significant milestone in our company's history," said Chris Taylor, Xethanol's Chairman and CEO, who was on hand for the opening. "It is an important part of our growth strategy and we look forward to the continued production of ethanol at this facility."

Xethanol will initially utilize corn to maximize near-term revenue. The company plans to commercialize other technologies at its ethanol plant in Hopkintown, Iowa and then introduce them in Blairstown to allow lower cost feedstocks, including cellulosic biomass, to be utilized for the production of ethanol. The company believes that it will be able to produce in excess of 500,000 gallons of ethanol per month at the Blairstown facility.

The company also announced that its newly-designed website: www.xethanol.com is now up and running with complete background information on the company.

About Xethanol Corporation

Xethanol Corporation seeks to become a leader in the emerging biomass-to-ethanol industry. Its mission is to convert biomass that is currently being abandoned or land filled into ethanol and other valuable co-products. Xethanol's strategy is to deploy proprietary bio-technologies that will extract and ferment the sugars trapped in these biomass concentrations. Xethanol's value proposition is to produce ethanol and valuable co-products cost-effectively with plants located closer to biomass sources. Xethanol owns and operates an ethanol production facility at its Biomass Technology Center in Iowa that processes fermentable sugars derived from food biomass as its primary feedstock.

The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such statements regarding the timing of acquiring and developing new properties, or bringing them on line and of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins, debt service and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the company's control. These and other factors are discussed in the company's filings with the U.S. Securities & Exchange Commission, including its recent filings on Form 8-K.