DALLAS--March 7, 2006--Consolidated Biofuels, Inc. (OTC:CSBF), an alternative fuel company, announced today that it has received an initial $220,000 from a private placement of the Company's common stock. This first round of financing will provide the Company with operating expenses and other monies needed to finalize the larger capital raise underway to construct and operate its first of six planned biodiesel facilities.

About Consolidated Biofuels

Consolidated Biofuels is planning to construct and operate six 30 million gallon production facilities and is dedicated to a cleaner America by increasing the availability of biodiesel fuel nationwide and expanding the effort to reduce pollution caused by petroleum diesel fuels.

For further information visit: http://www.consolidatedbiofuels.com.