Tuesday, October 20, 2009


CENTENNIAL, Colo.--(BUSINESS WIRE)--AlumiFuel Power Corporation (OTCBB: AFPW), (the “Company”) and its early production stage hydrogen generation company AlumiFuel Power, Inc. (“API”), of Philadelphia, Pennsylvania announced today that in view of the recent development that the Company is developing a product addressable to the multi-million dollar sports and MRE (meals ready to eat) market, Senior Analyst Robert Goldman has issued an update affirming the 'Speculative Buy' rating with a price target of $0.40.
According to OxBridge Research, the Report will be of special interest to MRE manufacturers and companies like Ener1 Inc. (HEV), Ballard Power (BLDP), Fuel Cell Energy (FCEL) and Plug Power (PLUG) that are active in the Renewable Energy Sector. The Report outlines the Company's recently signed MOU with a DOW 30 company and illustrates the Company's technology has both Civilian and Military applications and could be adapted at a rapid pace.

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