Ethanex Energy Inc. Retains Strategic Growth International as Global Investor-Relations Advisor

September 11, 2006

Ethanex Energy, Inc. (OTCBB: EHNX), which commenced trading on September 6, 2006, today announced it has retained Strategic Growth International, Inc. (“SGI”), as its worldwide investor relations consultant. Ethanex Energy is positioned to become a leading provider and marketer of renewable fuels globally, with an initial concentration on ethanol.

Ethanex Energy is a developer, owner and operator of ethanol plants and marketer of ethanol and its co-products. Through the application of next-generation feedstock technologies and use of alternative energy sources the Company aims to be the industries low-cost producer. 

“As a pioneer in ethanol production, our Company wanted to enlist the resources of a major investor-relations firm that is well known by investors in renewable energy and growth-companies. Strategic Growth’s expertise will help us to identify institutions that recognize the value of our competitive advantage from both technical and investment perspectives. Now that we have made our public debut and continue achieving our corporate milestones, we look forward to sharing our progress with the investment community both in the U.S. and in Europe,” stated Bryan Sherbacow, Chief Operating Officer.

Founded in 1989, SGI is headed by Richard E. Cooper, a long-time and highly-respected Wall Street veteran. Prior to his co-founding SGI, Mr. Cooper was a Managing Director at Salomon Brothers for five of his 14 years at the firm. Since its inception in 1989, Strategic Growth has achieved an unparalleled level of excellence and success.

About Ethanex Energy, Inc.

Ethanex Energy, Inc. is an alternative energy company whose mission is to become the ethanol industry’s low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 300 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy’s acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company’s senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com

Forward-Looking Statements

This press release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company’s ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company’s Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.

CONTACTS

Investor Relations:
Strategic Growth International
Jennifer K. Zimmons, Ph.D., 212-838-1444
jzimmons@sgi-ir.com
www.sgi-ir.com

SOURCE: Ethanex Energy, Inc

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