Cleveland Alternative Fuel Technology Company Completes Series A Financing

Biofuels Equipment Company Establishes Independent Operations, Seeks New Office Space

CLEVELAND, OH (July 14, 2008) – Arisdyne Systems, an alternative fuel cavitation technology and equipment company headquartered in Cleveland, recently received more than $5 million in equity financing to facilitate research on biofuel production methods. The completed financing is based on Arisdyne’s initial success with previous funding from the same group of investors, and was raised as part of the restructuring that made Arisdyne an independent entity from parent company Five Star Technology.

“This renewed financial investment represents a strong endorsement from the board and the management team to focus on clean energy resources and biofuel technology,” said Fred Clarke, President of Arisdyne Systems. “We are honored to receive such a vote of confidence and look forward to establishing Arisdyne as a leading independent fuel technology company.”

The Five Star board of directors decided to establish Arisdyne Systems as an independent entity after seeing the results of biofuels cavitation research and deciding the technology was a viable and underfunded investment. Arisdyne now reports to Cavitech Holding CHC Company.

The company is now well positioned to continue research in biofuels from non-food feedstocks and enhancing productive yields and methods for ethanol production. The current equity financing is in addition to the one million dollar grant Arisdyne received in March from the Ohio Third Frontier Alternative Energy program, which will bring 10 to 15 new jobs to Northeast Ohio over the next two to three years.

To meet their need for more work space, Arisdyne is currently working with state agencies and a real estate advisor in a search for a new, more suitable location and will use part of the new funding to move Arisdyne to new headquarters.

Arisdyne’s team, led by Fred Clarke, includes the award-winning scientist, Dr. Oleg Kozyuk as Chief Technology Officer. As the pioneering authority in the use of hydrodynamic cavitation to produce biofuels, Arisdyne Systems is at the forefront of America’s alternative energy industry with more than 21 U.S. patents and 50 international patents. For more information, call 440-239-7005 or visit the company website at www.arisdyne.com.