Tiger Ethanol International (OTCBB: TGEI.OB) announced today its intention to raise an additional $4,500,000 in a Private Placement of common shares of the Company in order to complete the next phase of its business plan. The Company has received expressions of interest from Investment Companies who are expected to complete the remainder of their due diligence procedures and fund their investment in the Company within approximately 30 days.

The proceeds of the above Private Placement are intended to provide the capital necessary to build the Company's first ethanol producing plant in Hami, Xinjiang Province in China. The Company's Hami ethanol plant will have an initial capacity of producing 20,000 to 30,000 tons of ethanol a year, to be later increased through additional investment of earnings and capital to 100,000 tons.

Mr. Leung President of Tiger commented: "The financial market continues to show support of our efforts. We have an ambitious but achievable growth plan that has earned positive recognition within the investment community. Our intention is to maximize the lead we have in China, as well as to deliver the promised value to our shareholders and potential investors."

About the Company.

The Company is a development stage company which owns 90% of Xinjiang Yajia Distillate Company Limited, a Chinese entity which plans to construct a facility to produce ethanol in the People's Republic of China (the remaining 10% of Xinjiang Yajia Distillate Company Limited is owned by Xinjiang Wangye Brewing Co. Ltd. and Guangdong Kecheng Trading Co. Ltd.). The Company intends to produce ethanol from agricultural products.

Forward-Looking Statements

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.

Contacts: Tiger Ethanol International Inc. James Leung 514-771-3795 jleungppp@gmail.com

SOURCE: Tiger Ethanol International Inc.

Source: marketwire