Boutique Investment Firm Initiates Coverage of Earth Biofuels, Inc.

June 26, 2006

NOTE: The Following Is an Investment Opinion Being Issued by Ault Glazer Bodnar Securities, LLC.

LOS ANGELES, CA — (MARKET WIRE) — 06/26/2006 — Ault Glazer Bodnar Securities, LLC announced today that it has initiated research coverage of Earth Biofuels, Inc. (OTCBB: EBOF), citing strong expectations that the demand for alternative fuels will continue to swell as consumers and commercial interests seek to decrease costs and dependence on foreign oil.

Contact Ault Glazer Bodnar Securities, LLC at 310.895.7778 or research@agbsecurities.com

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