Marwich II, Ltd. Closes Merger, Renamed AE Biofuels, Inc.

AE Biofuels, Inc., (OTCBB:AEBF), formerly American Ethanol, Inc., an advanced energy company that is developing and constructing biodiesel and next-generation ethanol facilities worldwide, announced today that it has closed its merger with Marwich II, Ltd. (OTCBB:MWII) As a part of the merger, Marwich II, Ltd. changed its name to AE Biofuels, Inc.

For more information about the merger, please visit www.aebiofuels.com.

About AE Biofuels, Inc.

AE Biofuels, Inc. is an advanced energy company that is developing, constructing and operating biodiesel and ethanol facilities worldwide. The company plans to commercialize its patent-pending next-generation ethanol technology that will enable the production of biofuels from traditional and non-food materials. AE Biofuels goal is to become a leader in the production and sale of renewable fuels, and to supply these clean-burning fuels to markets worldwide. For additional information about AE Biofuels, visit www.aebiofuels.com.

Contacts:

AE Biofuels, Inc.
Andy Foster, 408-213-0928 (Media)
afoster@aebiofuels.com
or
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670 (Investors)
john@liviakis.com

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