AlumiFuel Power, Inc. Announces Further Commercialization Initiatives Involving Its AlumiFuel Cartridges

Early production stage hydrogen generation company AlumiFuel Power, Inc. (“API”), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the “Company”), announced today that it has made significant progress in the production and distribution processes for its PBIS-1000 AlumiFuel cartridges.

API has continued to work with its cartridge manufacturer, ActionPak, Inc., to make the cartridge packaging process and techniques more efficient and precise (see API news release of February 19, 2010). ActionPak and API recently have implemented assembly line devices that were specially designed and built by API for cartridge packaging. API also has streamlined the deliveries and prefabrication of the cartridge components for direct delivery to ActionPak.

In addition, API has been preparing the documentation and optimal methods for delivering the cartridges to customers who have purchased the PBIS-1000 portable hydrogen generator (see API news release of February 9, 2010). As part of the process of registering the product with the Department of Transportation and determining the proper packaging, labeling, and paperwork, API has employed third-party laboratories to analyze its powders. API employees have undergone special materials handling training and have consulted with appropriate shipping experts. API is considering using major international shippers as well as common couriers for deliveries of the cartridges, and is exploring the use of universal United Nations shipping boxes for potential future international orders.

API’s Director of Engineering, Mr. Sean McIntosh, said “We are moving ahead to maximize the affordability, efficiency, and ease of logistics in selling and shipping our cartridges for the PBIS-1000. As we are completing the delivery on our first Purchase Order for the portable hydrogen generator, and are anticipating additional orders in the near future, we want to have the manufacturing and distribution chain in place to quickly and efficiently fill these orders.”

About ActionPak, Inc.
ActionPak, a premier contract packaging and assembly company for more than 30 years, is located in a suburban Philadelphia Industrial Park. ActionPak has over 250,000 square feet of production and warehouse space, and a workforce of over 200 employees. The company services many major brands and Fortune 500 companies, helping to design, assemble and package products. ActionPak’s business is diverse, and to prevent cross contamination, Food, Beverage and Over the Counter products are kept in separate buildings from its Military, Industrial and Export packing businesses. Since it executes both U.S. Military and Foreign Military sales contracts, the company is thoroughly familiar with military handling and shipping requirements, and a resident Department of Defense (DoD) Quality Assurance Representative is stationed at its facility. ActionPak's key accounts have included: General Electric, Northrop Grumman, Coca-Cola, Heinz, ConAgra, and the DoD.

About AlumiFuel Power, Inc.
API is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API’s hydrogen feeds fuel cells for portable and back-up power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems, and as the fuel for Flameless Ration Heaters. API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products.

About AlumiFuel Power Corporation
AlumiFuel Power Corporation, formerly known as Inhibiton Therapeutics, Inc., recently acquired its wholly owned operating subsidiary AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. The Company also has been conducting biotechnology research, development and potential commercialization of technologies and products for new cancer therapeutic agents and cancer fighting drugs called targeted therapies.

Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on management’s current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

Source: BusinessWire/Yahoo Finance