|   | UNITED                STATESSECURITIES                AND EXCHANGE COMMISSION |   |
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| Washington,                D.C. 20549 |
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| Form                  10-KSB/A |
|--------------------------------|

| [X] | Annual Report Pursuant to Section 13 or 15(d) of the Securities                Exchange Act of 1934 for the Fiscal Year Ended December 31,                2006 |
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| [ ] | Transition Report Under Section 13 or 15(d) of the Securities                Exchange Act of 1934 for the Transition Period From ________ to                ________ |
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| Commission                File No. 0-29417 |
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|   | ALL                  Fuels & Energy Company |   |
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| (Name                of Small Business Issuer in its                Charter) |
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|   | Delaware                                                                                     |   | 62-1581902                                          |   |
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|   | (State                or Other Jurisdiction of Incorporation or                Organization) |   | (IRS                Employer Identification Number) |   |

|   | 6165                N.W. 86th Street, Johnston, Iowa 50131                                 |   |
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|   | (Address                of Principal Executive Offices, Including Zip                Code) |   |

|   | (651)                998-0612                                   |   |
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|   | (Issuer's                Telephone Number, Including Area Code) |   |

|   | Securities                Registered under Section 12(b) of the Exchange                Act: None |   |
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| Securities                Registered under Section 12(g) of the Exchange                Act: Common Stock, $.01 Par Value |
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| Check whether the issuer (1) filed all reports required to be                filed                by Section 13 or 15(d) of the Exchange Act during the past 12 months                (or                for such shorter period that the registrant was required to file                such                reports), and (2) has been subject of such filing requirements for                the                past 90 days. Yes [ X ] No [ ] |
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| Check if there is no disclosure of delinquent filers in response                to                Item 405 of Regulation S-B contained in this form, and no disclosure                will                be contained, to the best of registrant's knowledge, in definitive                proxy                or information statements incorporated by reference in Part III of                this                Form 10-KSB or any amendment to this Form 10-KSB. [                ] |
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| Indicate by check mark whether the registrant is a shell company                (as                defined in Rule 12b-2 of the Exchange Act). Yes [ X ] No [ ] |
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| Registrant's revenues for its most recent fiscal year were                $-0-. |
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| The aggregate market value of the voting stock held by non-affiliates                computed based on the closing price of such stock as of March 26,                2007,                was approximately $1,725,000. |
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| Documents Incorporated by Reference into Part I: the following                  Current Reports on Form 8-K: (1) date of event: September 21, 2006;                  (2)                  date of event: January 19, 2007; (3) date of event: January 29,                  2007; (4)                  date of event: February 14, 2007; date of event: April 9, 2007;                  date of                  event: May 2, 2007; and date of event: May 3,                  2007. |
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| Transitional Small Business Disclosure Format (check one): Yes                [ ] No                [ X ] |
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| <PAGE> |
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| PART I |
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| Item 1. | Description of Business |
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|   | FORWARD-LOOKING                STATEMENTS |   |
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| References to “us”, “we” and “our” include ALL Fuels & Energy                  Company, its subsidiary, ALL Energy Company, and that company’s                  subsidiary, ALL Energy Manchester, LLC, unless otherwise                  indicated. |
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| Certain forward-looking statements herein are statements regarding                  financial and operating performance and results and other statements                  that                  are not historical facts. The words “expect”, “project”, “estimate”,                  “believe”, “anticipate”, “intend”, “plan”, “forecast” and similar                  expressions are intended to identify forward-looking statements.                  Certain                  important risks could cause results to differ materially from those                  anticipated by some of the forward-looking statements. Some, but                  not all,                  of the important risks that could cause actual results to differ                  materially from those suggested by the forward-looking statements                  include,                  among other things: |
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| - | Events that deprive us of the services of our president, Dean                Sukowatey; |
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| - | Whether we are able to obtain adequate capital with which to                construct and/or purchase one or more ethanol production facilities;                and |
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| - | Other uncertainties, all of which are difficult to predict and                many                of which are beyond our control. |
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| Year Ended December 31, 2006 |
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| During the year ended December 31, 2006, we had no revenues and                we                did not engage in active business operations until November 2006,                when we                started a new web page publishing                business. |
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| History of Operations |
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| From 1999 through 2002, the business operations of ALL Fuels&                Energy Company involved the development of Internet-based software                for                computer-based card and table games for gaming and casino applications.                This business proved to be unsuccessful and, in 2003, management                sold our                software business. During 2003, we recognized nominal income from                our                discontinued operations. However, we did not engage in active business                operations during 2003. During 2004 and 2005, we did not engage in                active                business operations and had no revenues. During 2006, we did not                engage in                active business operations, until November of that year. In November                2006,                we started a new business, but did not generate any revenues therefrom                in                2006. |
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| Recent Developments |
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| From 2004 through November 2006, our management searched for                a going                business to acquire, without success. Due to this lack of success,                our                board of directors determined that it would be in the best interests                of                our company and our shareholders for our company to start a new business.                After assessing the business opportunities available to our company                vis-a-vis our lack of available capital, in November 2006, our board                of                directors determined that we would become a publisher of web pages.                In                connection with this determination, we entered into three separate                asset                purchase agreements, whereby we acquired certain web site domains                and                Internet web pages associated therewith. During 2006, we did not                derive                any revenues from this business. |
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| As we pursued our web page publishing business, in January 2007,                our                former management acted upon an opportunity for our company to acquire                ALL                Energy Company and determined that the best interests of our shareholders                would be served by acquiring ALL Energy and pursuing the ethanol-related                business plan of ALL Energy as a combined                enterprise. |
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| In January 2007, there occurred a change in control with respect                  to                  our company and new management was installed. Our new management                  has                  determined that we will pursue a plan of business whereby we would                  become                  a producer of ethanol and its co-products. To that end, in January                  2007,                  we entered into a plan and agreement of reorganization with ALL                  Energy                  Company, a development-stage Delaware corporation. Our management                  and that                  of ALL Energy Company was and is the same. On April 9, 2007, we                  completed                  the acquisition of ALL Energy                  Company. |
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| Our web page publishing business continues and has been assigned                to a                subsidiary, Venus Associates, Inc., a Nevada corporation, which intends                to                change its corporate name to “Vortal 9, Inc.” At an appropriate time in                the near future, all of the stock of Venus Associates is to be                distributed, as a dividend, to our shareholders of record on January                19,                2007, pursuant to an effective registration statement filed with                the SEC.                Thereafter, the web page publishing business of Venus Associates                will no                longer be a part of our company. The costs associated with the dividend                distribution of the Venus Associates stock will be borne by Venus                Associates and we will not provide any operating funds to Venus Associates                at any time. |
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| Overview |
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| ALL Energy Company was incorporated in August 2006, as a Delaware                corporation, with the intention of operating as an ethanol producer,                focusing primarily on the production and sale of ethanol and its                co-products. In the current climate of historically-high oil prices,                we                believe this focus will enable us to build a successful ethanol production                and distribution business. |
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| Ethanol is a type of alcohol. In the U.S., ethanol is produced                principally from corn. Ethanol is primarily used as a blend component                in                the U.S. gasoline fuel market, which approximated 140 billion gallons                in                2005, according to the Energy Information Administration (EIA). The                ethanol industry has grown significantly over the last few years,                expanding production capacity at a compounded annual growth rate                of                approximately 20% from 2000 to 2005. We believe the ethanol market                will                continue to grow as a result of its favorable production economics                relative to gasoline, ethanol’s clean burning characteristics, a shortage                of domestic petroleum refining capacity, geopolitical concerns, as                evidenced by the focus on renewable energy sources contained in President                George W. Bush’s 2007 State of the Union Address, and federally mandated                renewable fuel usage. We also believe that E85, a fuel blend composed                primarily of ethanol, will become increasingly important over time                as an                alternative to unleaded gasoline. |
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| Since August 2006, ALL Energy Company has undertaken organizational                activities and, through a private offering of its common stock in                September 2006, obtained $2,000,000. These funds have allowed us                and ALL                Energy Company to achieve important business objectives related to                the                construction of its first proposed ethanol production facility and                to the                proposed acquisition of an operating ethanol production                facility. |
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| Current Status of Ethanol-Related                Activities |
|-------------------------------------------------------------|

| Proposed Manchester, Iowa, Ethanol                Plant. |
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| Purchase of Land. In March 2007, ALL Energy Company, through                its                subsidiary, ALL Energy Manchester, LLC, acquired approximately 150                acres                of real property located near Manchester, Iowa. It is our intention                to                construct a 100 million gallon (per year) ethanol production facility                on                this land. We refer to this proposed ethanol production facility                as “the                Manchester facility”. However, we do not currently possess sufficient                capital with which to construct the Manchester facility, nor have                we                obtained a commitment from any third party for the needed capital.                We                cannot assure you that we will ever obtain the needed capital to                construct                the Manchester facility or any similar                facility. |
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| Annexation. The 150 acres on which we propose to build the                  Manchester                  facility, a 100 million gallon per year ethanol production facility,                  was                  recently annexed by the City of Manchester, Iowa. Because of this                  annexation, it is expected that we would be able to secure important                  tax                  credits from local and Iowa state                  agencies. |
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| Ground Water Quality Permit Application. We have engaged Natural                Resources Group (NRG) to consult on water-related environmental matters                relating to the Manchester facility. With NRG, we have made significant                progress towards compliance with applicable water-related regulations,                having filed our initial water-quality-related permit                application. |
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| Air Quality Permit Application. We have engaged Yaggy-Colby                  to                  consult on air-related environmental matters relating to the Manchester                  facility. With Yaggy-Colby, we have made significant progress towards                  compliance with applicable air-related regulations, having recently                  received the final draft of the necessary air-quality-related                  permit. |
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| Project Feasibility Study. We commissioned BBI to perform a project                feasibility study relating to the Manchester facility, which included                an                analysis of the availability of corn and energy, as well as the                surrounding transportation infrastructure. BBI’s report indicates that                there are ample corn supplies in close proximity to the Manchester                facility to satisfy our feedstock needs, that there are adequate                supplies                of energy available at reasonable cost with which to operate the                Manchester facility and that the surrounding transportation infrastructure                is capable of handling the anticipated truck and rail traffic associated                with the Manchester facility. We obtained this feasibility study,                inasmuch                as funding sources familiar to our management require such a study                as a                condition to financing. |
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| Delta-T Corporation. We have engaged Delta-T Corporation to provide                project engineering services with respect to the Manchester facility.                With                Delta-T, we have made significant progress towards completing the                necessary preliminary engineering work relating to the Manchester                facility. Once we complete this preliminary engineering work, we                will be                in a position to put the construction of the Manchester facility                up for                bid. |
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| Proposed Purchase of ACE Ethanol, LLC. In March 2007, ALL Energy                  Company and ACE Ethanol, LLC, the operator of an ethanol production                  facility in Stanley, Wisconsin, with a design capacity of 30 million                  gallons per year (currently producing approximately 43 million                  gallons                  annually), signed a letter of intent with respect to the proposed                  purchase                  by ALL Energy of 100% of the outstanding membership interests in                  ACE                  Ethanol, LLC. The anticipated $106 million acquisition is subject                  to the                  approval of the ACE Ethanol, LLC members and negotiation of the                  definitive                  acquisition agreement. Management expects that this process will                  take                  approximately 45 days from the date hereof to                  complete. |
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| It is currently anticipated that the capital required to complete                the                purchase of ACE Ethanol, LLC will be obtained in the form of debt                financing or a combination of debt financing and equity. However,                we have                not obtained a financing commitment and there is no assurance that                we will                ever obtain the financing needed to complete the proposed acquisition                of                ACE Ethanol, LLC. |
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| Current Financial Status |
|--------------------------|

| Currently, ALL Fuels & Energy Company does not possess any                  capital. However, ALL Energy Company has approximately $1,000,000                  in cash.                  While our capital reserves, which include those of ALL Energy Company,                  are                  adequate to pay ongoing expenses for at least the next 12 months,                  we do                  not possess the capital necessary to construct the Manchester facility                  or                  to complete the proposed acquisition of ACE Ethanol,                  LLC. |
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| Our management estimates that we will require approximately                  $200                  million to complete construction of the Manchester facility, as                  proposed.                  Further, it is estimated that we will require $106 million to complete                  the                  acquisition of ACE Ethanol, LLC. We have not received a commitment                  from                  any source for any of the needed capital. We cannot assure you                  that we                  will ever obtain the capital needed for either of these                  opportunities. |
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| Our Competitive Advantages and                Disadvantages |
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| Competitive Advantages. Our management believes we will have                certain                competitive advantages over our competition, including the                following: |
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| - | Plant Design Efficiencies. The ethanol production facilities                to be                designed for us by Delta-T Corporation will embody the latest technologies                to promote cost savings. |
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| - | Latest Technology Available. Delta-T Corporation has a track                record                of designing new plants that are more energy efficient and operationally                superior in delivering consistent production of high quality products.                The                ethanol production facility owned by ACE Ethanol, LLC was designed                and                engineered by Delta-T. |
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| - | Operating Cost Efficiency: Our management is committed to                implementing cost-efficient methodologies for all aspects of our                business.                By maintaining low operating costs through the use of available                technology, our management believes that we will realize significant                cost                savings compared to our competitors. |
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| Competitive Disadvantages. While our management believes we possess                competitive advantages, there are certain competitive disadvantages                that                we must overcome, including the following: |
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| - | Small Capital Base: We do not possess sufficient capital to construct                the proposed Manchester facility or to purchase ACE Ethanol, LLC.                Without                significant additional capital, it is likely that we would be unable                to                construct the Manchester facility or purchase ACE Ethanol,                LLC. |
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| - | Limited In-House Management Resources: Although our management                team,                in all, is highly experienced and qualified, our president does not                possess experience in the ethanol industry. In addition, we will                be                required to attract persons with expertise sufficient for us to be                successful in our proposed operations. Currently, we do not possess                adequate capital to attract such persons, and we may never possess                adequate capital resources to attract such persons. Our inability                to do so                would likely cause our business prospects to                suffer. |
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| Business Objective |
|--------------------|

| It is our goal to become a significant producer of ethanol and                its                co-products in the United States, that is, to become a producer of                at                least 500 million gallons of ethanol                annually. |
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| Proposed Business and Implementation                Strategy |
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| In General. To achieve our goal of becoming a significant producer                of                ethanol in the U.S., that is, a producer of 500 million gallons per                year                of ethanol, we have developed a strategy that we intend to pursue.                Our                strategy, which is dependent on our ability to obtain significant                additional capital, has the following important                elements: |
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| - | Low-cost production capacity. It is our intention to capitalize                on                the growing demand in the U.S. for ethanol by establishing increasing                production capacity as quickly as possible over the next several                years. In                pursuing our expansion strategy, we will seek to build and/or acquire                large-scale facilities with design elements that incorporate technology                improvements and continue to build and/or acquire facilities in locations                with access to multiple rail services. We believe that using similar                facility designs will permit us to lower our costs relating to spare                parts                and to take advantage of our operations experience to be gained at                other                future facilities. |
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| - | Focus on Cost Efficiency. Our corporate challenge will always                be to                seek greater economies of scale in our operations and to maximize                energy                efficiency and increase yield. Included in this challenge will be                to                purchase corn during peak supply periods to reduce our corn costs                and to                reduce our per-unit energy and transportation costs where                possible. |
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| - | Implement Risk Mitigation Strategies. Once we near completion                of the                Manchester production facility, our management will begin its efforts                to                mitigate our exposure to commodity price fluctuations by purchasing                a                portion of our corn requirements on a fixed price basis and purchasing                corn and natural gas futures contracts. In addition, it is expect                that, to                mitigate our ethanol price risk, we will sell a portion of our future                production under fixed price and indexed contracts. Should we be                successful in managing our exposure to commodity price fluctuations,                we                expect that our operating results will be less volatile. There is                no                assurance that we will be successful in these                efforts. |
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| - | Seek Beneficial Alternative Technologies. Our management intends                to                investigate the feasibility of implementing, at some time in the                future,                new technologies that would serve to augment or replace natural gas                usage.                It is expected that these technologies would allow us to reduce our                energy                costs. Capital costs and engineering issues must be adequately addressed                prior to any implementation of any such                technology. |
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| - | Seek to Expand Market Demand for Ethanol. As our rate of growth                and                our access to capital permit, our management intends to take actions                it                believes will create additional demand for ethanol, including, investing                in new technologies that use ethanol and employing institutional                advertising that focuses on, and promotes the use of,                ethanol. |
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| - | Pursue Potential Acquisition Opportunities. Assuming that we                have                capital available, we believe that, as the ethanol industry matures,                opportunities for expansion of our business through acquisitions                will be                available. Such an acquisition could involve additional ethanol                production, storage or distribution facilities and related infrastructure,                as well as potential facility sites under development. Our current                efforts                in acquiring ACE Ethanol, LLC is an example of this                plan. |
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| In Particular. The ethanol produced by our first, the Manchester                facility, and likely any future, ethanol production facility, will                use                corn feedstock. The distiller’s grains byproducts, which are the remnants                of the corn after the ethanol-producing starch is removed, will be                sold to                dairies, cattle lots and hog operations as a valuable protein feed                supplement. |
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| We have entered into an engineering agreement with Delta-T                Corporation to provide the ethanol process technology for five future                ethanol production facilities proposed to be built by our company,                including the Manchester facility. In addition, Delta-T is to provide                training in plant start-up and operation. These plants’ designs will                include the latest Delta-T technology that fractionates the corn                into more                value-added products that allow the value of the Dried Distillers                Grain                with Solubles (DDGS) to increase significantly over the current value.                Also, Delta-T intends to integrate new technologies that allow for                improved natural gas consumption into our plant designs. If beneficial,                Delta-T intends to implement biomass boilers and/or anaerobic digestion                to                promote increased operating efficiency at a particular plant. Also,                it is                expected that each plant’s design will accommodate new ethanol feed                stocks, as the economics change among the various feedstock                commodities. |
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| Currently Proposed Ethanol Production                Facilities |
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| First Proposed Facility Construction - the Manchester facility.                We                have purchased approximately 150 acres of real property located near                Manchester, Iowa, on which to build the Manchester facility. This                property                has the following characteristics: |
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| *Property Location:*   | Adjacent to Manchester, Iowa, midway between Waterloo and Dubuque,                Iowa.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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| *Property Size:*       | Approximately 150 acres.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| *Purchase Price:*      | $945,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| *Ingress/Egress:*      | Easy access to Iowa State Highway 20.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| *Market Availability:* | Highway access for trucking ethanol and DDGS; situated in Northeast                Iowa with close proximity to feed markets for Wet Distillers Grain                with                Soluables (WDGS).                                                                                                                                                                                                                                                                                                                                                                                                     |
| *Power Supply:*        | Electricity supply is ample for the proposed production facility                and                there are two nearby natural gas pipelines.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| *Water Supply:*        | Well water is available, with back-up water supply available                from the                City of Manchester.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| *Sewer:*               | Available, if needed, from the City of Manchester.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| *Corn Availability:*   | Our commissioned corn feasibility study indicates that there                are                ample corn supplies in close proximity to the Manchester facility,                as                proposed.                                                                                                                                                                                                                                                                                                                                                                                                   |
| *Annexation:*          | In March 2007, this property was annexed by the City of Manchester.                As a result of the completion of this annexation, approximately                $16,000,000 of proposed Iowa state and local tax credits are expected                to                have been secured by us.                                                                                                                                                                                                                                                                                                              |
| *Local Government:*    | The City of Manchester has indicated its informal approval of                proposed entrances and exits for the Manchester site. The Manchester                city                council has met on several occasions since the middle of 2006 regarding                the Manchester facility, as proposed, and indicated that it is amenable                to                the needs of that proposed facility. Our initial water-quality-related                permit application has been filed; our initial air-quality-related                permit                application has been filed. |

| We require approximately $200,000,000 in financing, either debt,                equity or a combination thereof, to construct the Manchester facility.                We                cannot assure you that we will be able to construct the Manchester                facility, as proposed, as we have not obtained any commitment for                any such                funding. However, should we obtain needed financing, the Manchester                facility is expected to have the following                characteristics: |
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| *Annual Ethanol Production Capacity:*       | Design capacity of 100 million gallons per year, with an anticipated                annual ethanol production rate of 124 million gallons. |
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| *Ownership:*                                | 100%.                                                                                                                                      |
| *Production Process:*                       | Dry-Milling.                                                                                                                               |
| *Primary Energy Source:*                    | Natural Gas.                                                                                                                               |
| *Estimated DDGS Production (Dry) per Year:* | 381,000 tons.                                                                                                                              |
| *Estimated Corn Processed per Year:*        | 42.4 million bushels.                                                                                                                      |

| The Manchester facility is to be the first ethanol production                facility that is part of our five-plant project development agreement                with                Delta-T Corporation. Under the development agreement, Delta-T is                to                provide design engineering services. It is intended that Pacesetter                Management Group, LLC, a company affiliated with Delta-T, will manage                five                of our ethanol production facilities, including the Manchester facility.                However, we have not yet executed a formal agreement with Pacesetter                in                this regard. Our management has begun the process of selecting the                construction firm that will be hired by us to build the Manchester                facility. As of the date hereof, we have not entered into any contract                with any such construction firm. However, with the respect to the                Manchester facility, we have entered into working relationships with                two                construction firms, one based in Minnesota, the other in Wisconsin,                as we                continue the process of completing the design of the Manchester                facility. |
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| First Proposed Facility Purchase - ACE Ethanol, LLC. In March                  2007,                  ALL Energy and ACE Ethanol, LLC, the operator of a an ethanol production                  facility in Stanley, Wisconsin, with a design capacity of 30 million                  gallons per year (currently producing approximately 43 million                  gallons                  annually), signed a letter of intent with respect to the proposed                  purchase                  by ALL Energy Company of 100% of the outstanding membership interests                  in                  ACE Ethanol, LLC. The anticipated $106 million acquisition is subject                  to                  the approval of the ACE Ethanol, LLC members and negotiation of                  the                  definitive acquisition agreement. Management expects that this                  process                  will take approximately 45 days from the date hereof to                  complete. |
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| It is currently anticipated that the capital required to complete                the                purchase of ACE Ethanol, LLC will be obtained in the form of debt                financing or a combination of debt financing and equity. However,                we have                not obtained a financing commitment and there is no assurance that                we will                ever obtain the financing needed to complete the proposed acquisition                of                ACE Ethanol, LLC. |
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| Future Ethanol Production Facilities. The first phase of our                business                plan would have us building and/or acquiring ethanol production of                500                million gallons per year. We do not currently possess the capital                with                which to accomplish this objective and there is no assurance that                we will                be successful in achieving this objective. |
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| Industry Background and Market                Opportunity |
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| The ethanol industry has grown significantly over the last few                years,                expanding production capacity at a compounded annual growth rate                of                approximately 20% from 2000 to 2005. We believe the ethanol market                will                continue to grow as a result of its favorable production economics                relative to gasoline, ethanol’s clean burning characteristics, a shortage                of domestic petroleum refining capacity, geopolitical concerns, and                federally mandated renewable fuel usage. We also believe that E85,                a fuel                blend composed primarily of ethanol, will become increasingly important                over time as an alternative to unleaded                gasoline. |
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| Ethanol is a type of alcohol. In the U.S., ethanol is produced                principally from corn. Ethanol is primarily used as a blend component                in                the U.S. gasoline fuel market, which approximated 140 billion gallons                in                2005, according to Energy Information Administration (EIA). Refiners                and                marketers, including some of the major integrated oil companies and                a                number of independent refiners and distributors, have historically                blended                ethanol with gasoline to increase octane and reduce tailpipe emissions.                According to the Renewable Fuels Association (RFA), 4.0 billion gallons                of                ethanol were produced in the U.S. in 2005, accounting for approximately                3%                of the U.S. gasoline fuel supply. Also according to the RFA, total                U.S.                ethanol production capacity increased to more than 4.3 billion gallons                per                year (BGY) in 2005. The substantial majority of U.S. fuel ethanol                produced                in 2005 was used as an additive to gasoline. According to the U.S.                Department of Energy, refiners typically blend ethanol at 5.7% to                10.0% of                volume in over 30% of the U.S. gasoline fuel supply. Ethanol is also                used                as the primary blend component for E85, a fuel blend composed of                up to 85%                ethanol. Although E85 currently represents an insubstantial portion                of the                U.S. gasoline supply, approximately 6.0 million vehicles on the road                in                the U.S. today are flexible fuel vehicles. Ethanol blends of up to                10% are                approved for use under the warranties of all major motor vehicle                manufacturers and are often recommended as a result of ethanol’s clean                burning characteristics. In addition, all major manufacturers of                power                equipment, motorcycles, snowmobiles and outboard motors permit the                use of                ethanol blends in their products. The primary uses of ethanol                are: |
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| - | Octane enhancer; |
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| - | Clean air additive; |
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| - | Valuable blend component; and |
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| - | E85, a gasoline alternative. |
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| Demand for Ethanol |
|--------------------|

| Our management believes that the ethanol market will grow as                a result                of existing favorable economic circumstances; the replacement of                methyl                tertiary-butyl ether (MTBE); a shortage of domestic petroleum refining                capacity; geopolitical concerns, as evidenced by the focus on renewable                energy sources contained in President George W. Bush’s 2007 State of the                Union Address; and federally mandated renewable fuel usage. Our management                also believes that E85 will, over time, become increasingly important                as                an alternative to unleaded gasoline. |
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| Supply of Ethanol |
|-------------------|

| Production in the ethanol industry remains fragmented. According                to                the RFA, while domestic ethanol production increased from 1.3 billion                gallons in 1997 to a current production capacity of approximately                5.4                billion gallons, the top five producers accounted for approximately                35% of                the industry’s total estimated production capacity, as of the last quarter                of 2006. The remaining production generated by more than 50 smaller                producers and farmer-owned cooperatives, most with production of                50                million gallons per year (MMGY) or less. Since a typical ethanol                facility                can be constructed in approximately 14 to 18 months from groundbreaking                to                operation, the industry is able to forecast capacity additions for                up to                18 months in the future. Recently, the RFA estimated ethanol facilities                with capacity of an aggregate of an additional 6.1 BGY were proposed                or                under construction. |
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| Currently, most U.S. ethanol is produced from corn grown in Illinois,                Iowa, Minnesota, Nebraska and South Dakota, where corn is abundant.                In                addition to corn, the production process employs natural gas or,                in some                cases, coal to power the production facilities. Proximity to sufficient                low-cost corn (or other feedstock) and natural gas supply are important                competitive factors for ethanol producers. |
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| Ethanol is typically either produced by a dry-milling or wet-milling                process. Although the two processes feature numerous technical                differences, the primary operating trade-off of the wet-milling process                is                a higher co-product yield in exchange for a lower ethanol yield.                Dry-milling ethanol production facilities constitute the substantial                majority of new ethanol production facilities being constructed in                the                past five years because of the increased efficiencies and lower capital                costs of dry-milling technology. Dry-mill ethanol facilities typically                produce between five and 50 MMGY, with newer dry-mill facilities                producing                over 100 MMGY. The largest ethanol production facilities are wet-mill                facilities that have capacities of 200 to 300 MMGY. According to                the RFA,                approximately 79% of the ethanol production capacity is generated                from                dry-mill facilities, with approximately 21% from wet-mill facilities.                It                is our intention to construct and operate, or purchase, dry-mill                facilities. |
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| The east coast and west coast markets in the U.S. consume in                excess                of 50% of produced ethanol, in large measure due to stricter air                quality                requirements in large parts of those markets. The primary means of                transporting ethanol from the Midwest to the coastal markets is by                rail                transportation. The movement of ethanol via pipeline is limited as                a                result of the tendency of ethanol to absorb water and other impurities                found in the pipelines, logistical limitations of existing pipelines                and                limited volumes of ethanol that need to be transported. Barges and                trucks                are also used in the transportation of                ethanol. |
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| Ethanol Production Process |
|----------------------------|

| In the dry-mill process of converting corn into ethanol, each                bushel                of corn yields approximately 2.8 gallons of ethanol and approximately                18                pounds of distillers grains. |
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| Ethanol Co-Products. |
|----------------------|

| Dried Distillers Grain with Solubles (DDGS). A co-product of                dry-mill                ethanol production, DDGS is a high-protein and high-energy animal                feed                that is sold primarily as an ingredient in beef and dairy cattle                feed.                DDGS consists of the concentrated nutrients remaining after the starch                in                corn is converted to ethanol. |
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| Wet Distillers Grains with Solubles (WDGS). WDGS is similar to                DDGS,                except that the final drying stage applied to DDGS is bypassed and                the                product is sold as a wet feed. WDGS is an excellent livestock feed                with                better nutritional characteristics than DDGS. However, higher costs                of                storage and transportation are associated with                WDGS. |
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| Corn Oil. Corn oil can be produced as a co-product of ethanol                production by installing equipment to separate the oil from the distillers                grains during the production process. Corn oil can be sold as an                animal                feed and commands higher prices than DDGS. It can also be used to                produce                biodiesel, a clean burning alternative fuel that can be used in diesel                engines with petroleum diesel to lower emissions and improve                lubricity. |
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| Raw Material Supply and Pricing; Risk                Management |
|-----------------------------------------------------------------|

| Our management will seek to mitigate our exposure to commodity                price                fluctuations by purchasing a portion of our corn requirements on                a fixed                price basis and by purchasing corn and natural gas futures contracts.                To                mitigate ethanol price risk, our management intends to sell a portion                of                our future production under fixed price and indexed contracts. It                can be                expected that our indexed contracts will be referenced to a futures                contract, such as unleaded gasoline on the NYMEX, and that we may                hedge a                portion of the price risk associated with index contracts by selling                exchange-traded unleaded gasoline contracts. Our management believes                this                strategy will reduce somewhat the volatility of our operating results.                However, no assurances can be made in this                regard. |
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| Marketing |
|-----------|

| During the early years of our operations, we intend to have                agreements with one or more companies for the marketing, including                billing, receipt of payment and other administrative services, for                all of                the ethanol that we produce. In addition, we will have marketing                agreements for the DDGS and carbon dioxide generated by a                facility. |
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| Should we ever determine to market and sell our own ethanol,                we will                be required to establish our own marketing, distribution, transportation                and storage infrastructure. Involved in this undertaking would be                obtaining sufficient numbers of railcars and storage depots near                our                customers and at other strategic locations to ensure efficient delivery                of                our finished ethanol product. Also, we would be required to hire                or retain                an outside marketing and sales force and logistical and other operational                personnel to staff adequately our distribution                activities. |
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| With respect to our distillers grains, we expect that they will                be                sold locally for use as animal feed, during the first years of our                operations. |
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| Competition |
|-------------|

| The market in which we will be selling our ethanol is highly                competitive. According to the RFA, world ethanol production rose                to 12                billion gallons in 2005. Non-U.S. ethanol accounted for 65% of world                production. The U.S. and Brazil are the world’s largest producers of                ethanol. Currently, industry capacity in the U.S. approximated 4.5                BGY,                with an additional 2.2 BGY of capacity under construction. The ethanol                industry in the U.S. consists of more than 90 production facilities                and is                primarily corn based, while the Brazilian ethanol production is primarily                sugar cane based. During 2006, the top ten producers accounted for                approximately 45% of the ethanol production capacity in the U.S.,                according to the RFA. |
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| The largest U.S. competitors are Archer Daniels Midland Company,                VeraSun Energy Corporation, Aventine Renewable Energy Holdings, Inc.                and                Cargill, Inc. The industry is otherwise highly fragmented, with many                small, independent firms and farmer-owned cooperatives constituting                the                rest of the market. We cannot assure you that we will be able to                compete                successfully in this highly competitive and fragmented                market. |
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| We believe that our ability to compete successfully in the ethanol                production industry depends on many factors, including the following                principal competitive factors: |
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| - | price; |
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| - | reliability of our production processes and delivery schedule;                and |
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| - | volume of ethanol produced and sold. |
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| With respect to distillers grains (DDGS and WDGS), we will compete                primarily with other ethanol producers, as well as a number of large                and                small suppliers of competing animal feed. We believe the principal                competitive factors are price, proximity to purchasers and product                quality. We cannot assure you that we will be able to compete successfully                in this market. |
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| Legislation |
|-------------|

| Energy Policy Act. The Energy Policy Act established minimum                annual                volumes of renewable fuel to be used by petroleum refiners in the                fuel                supply. The annual requirement grows to 7.5 BGY by 2012. Also, the                Energy                Policy Act did not provide liability protection to refiners who use                MTBE                as a fuel additive. Given the extent of the environmental concerns                associated with MTBE, our management believes that this will serve                as a                catalyst to hasten the replacement of a significant portion of the                remaining MTBE volumes with ethanol in the near future. Finally,                the                Energy Policy Act removed the oxygenate requirements that were put                in                place by the Clean Air Act. The Energy Policy Act also included                anti-backsliding provisions, however, that require refiners to maintain                emissions quality standards in the fuels that they produce, thus                providing                a source for continued need for ethanol. |
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| Federal Blenders’ Credit. First implemented in 1979, the federal                excise tax incentive program allows gasoline distributors who blend                ethanol with gasoline to receive a federal excise tax rate reduction                of                $0.51 per gallon of ethanol. The incentive program is scheduled to                expire                in 2010, unless extended. |
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| Federal Clean Air Act. The use of ethanol as an oxygenate is                driven,                in part, by environmental regulations. The Federal Clean Air Act                requires                the use of oxygenated gasoline during winter months in areas with                unhealthy levels of carbon monoxide. |
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| State legislation banning or significantly limiting the use of                MTBE.                In recent years, due to environmental concerns, 25 states have banned,                or                significantly limited, the use of MTBE, including California, Connecticut                and New York. Ethanol has served as a replacement for much of the                discontinued MTBE volumes and is expected to continue to replace                future                MTBE volumes that are removed from the fuel                supply. |
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| Federal Tariff on Imported Ethanol. In 1980, Congress imposed                a                tariff on foreign produced ethanol, made from cheaper sugar cane,                to                encourage the development of a domestic, corn-derived ethanol supply.                This                tariff was designed to prevent the federal tax incentive from benefiting                non-U.S. producers of ethanol. The tariff is $0.54 per gallon and                is                scheduled to expire in 2007, unless                extended. |
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| Ethanol imports from 24 countries in Central America and the                Caribbean Islands are exempted from the tariff under the Caribbean                Basin                Initiative, which provides that specified nations may export an aggregate                of 7.0% of U.S. ethanol production per year into the U.S., with additional                exemptions from ethanol produced from feedstock in the Caribbean                region                over the 7.0% limit. NAFTA also allows Canada and Mexico to export                ethanol                to the United States duty-free or at a reduced rate. Canada is exempt                from                duty under the current NAFTA guidelines, while Mexico’s duty rate is $0.10                per gallon. |
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| In addition, there is a flat 2.5% ad valorem tariff on all imported                ethanol. |
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| Federal Farm Legislation. The U.S. Department of Agriculture’s                (USDA’s), Commodity Credit Corporation Bioenergy Program pays cash to                companies that increase their purchases over prior fiscal year purchases                of specified commodities, including corn, to expand production of                ethanol,                biodiesel or other biofuels. Payments are typically $0.20 to $0.30                per                gallon of increased capacity and amounts must be refunded if decreases                in                production levels occur. |
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| State Incentives. In addition to USDA incentive payments, certain                states also provide incentive payments, based on gallons of ethanol                produced. |
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| Environmental Matters |
|-----------------------|

| Once established, our ethanol production operations will be subject                to various federal, state and local environmental laws and regulations,                including those relating to the discharge of materials into the air,                water                and ground; the generation, storage, handling, use, transportation                and                disposal of hazardous materials; and the health and safety of our                employees. These laws, regulations and permits also can require expensive                pollution control equipment or operational changes to limit actual                or                potential impacts to the environment. A violation of these laws and                regulations or permit conditions can result in substantial fines,                natural                resource damage, criminal sanctions, permit revocations and/or facility                shutdowns. We do not anticipate a material adverse effect on our                business                or financial condition as a result of our compliance with these                requirements. Currently, we cannot predict whether we will incur                material                capital expenditures for environmental controls, beyond the initial                construction costs. |
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| There is a risk of liability for the investigation and cleanup                of                environmental contamination at each of the properties that we own                or                operate and at off-site locations where we arrange for the disposal                of                hazardous substances. If these substances have been or are disposed                of or                released at sites that undergo investigation and/or remediation by                regulatory agencies, we may be responsible under CERCLA or other                environmental laws for all or part of the costs of investigation                and/or                remediation and for damage to natural resources. We may also be subject                to                related claims by private parties alleging property damage and personal                injury due to exposure to hazardous or other materials at or from                these                properties. Some of these matters may require us to expend significant                amounts for investigation and/or cleanup or other                costs. |
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| In addition, new laws, new interpretations of existing laws,                increased governmental enforcement of environmental laws or other                developments could require us to make additional significant expenditures.                Continued government and public emphasis on environmental issues                can be                expected to result in increased future investments for environmental                controls at our ongoing operations. Present and future environmental                laws                and regulations (and related interpretations) applicable to our                then-current operations, more vigorous enforcement policies and discovery                of currently unknown conditions may require substantial capital and                other                expenditures. Our air emissions will be subject to the federal Clean                Air                Act, the federal Clean Air Act Amendments of 1990 and similar state                and                local laws and associated regulations. The U.S. EPA has promulgated                National Emissions Standards for Hazardous Air Pollutants, or NESHAP,                under the federal Clean Air Act that could apply to facilities that                we may                own or operate, if the emissions of hazardous air pollutants exceed                certain thresholds. Because other domestic ethanol manufacturers                will have                similar restrictions, however, we believe that compliance with more                stringent air emission control or other environmental laws and regulations                is not likely to materially affect our competitive                position. |
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| Employees |
|-----------|

| We currently have two employees, both of whom are officers.                  In the                  near future, we expect that we will hire non-management employees                  on                  as-needed basis, as well as retain the services of independent                  contractors                  and outside professionals on an as-needed                  basis. |
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| Risk Factors |
|--------------|

| You should carefully consider the risks described below before                you                decide to buy our common stock. If any of the following risks occur,                our                business, financial condition or results of operations would likely                suffer. In such case, the trading price of our common stock could                decline,                and you could lose all or part of your                investment. |
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| Our independent auditor has expressed substantial doubt about                our                ability to continue as a going concern. |
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| In its opinion on our financial statements for the year ended                December 31, 2006, our independent auditor, Farmer, Fuqua & Huff,                P.C., expressed substantial doubt about our ability to continue as                a going                concern. This means that, when issuing its opinion relating to our                December 31, 2006, financial statements, given our then-current and                historical lack of capital, our independent auditor has substantial                doubt                that we will be able to continue as a going business concern. Please                review the Report of Independent Registered Accounting Firm and Note                1 to                the consolidated financial statements appearing elsewhere                herein. |
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| Our lack of operating history makes it difficult to predict our                future operating results. |
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| Neither our company nor ALL Energy Company has an operating history                upon which you can evaluate our business, which makes a purchase                of our                common stock speculative in nature. |
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| We may never earn a profit. |
|-----------------------------|

| Because we lack an operating history, we cannot assure you that                we                will ever earn a profit from our proposed ethanol-related                operations. |
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| We may be unable to obtain sufficient capital to pursue our growth                strategy. |
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| Currently, we do not have sufficient financial resources to implement                our ethanol-related business plan. Specifically, we do not possess,                or                have commitments for the approximately $200 million needed to construct                the Manchester facility or the approximately $106 million needed                to                purchase ACE Ethanol, LLC. |
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| There is no assurance that we will be able to generate revenues                that                are sufficient to sustain our operations, nor can we assure you that                we                will be able to obtain additional sources of financing in order to                satisfy                our working capital needs. |
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| If we are unable to manage future expansion effectively, our                business                may be adversely impacted. |
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| In the future, we may experience rapid growth in operations,                which                could place a significant strain on our operations, in general, and                the                production of products, our internal controls and other managerial,                operating and financial resources, in particular. If we do not manage                future expansion effectively, our business will be harmed. There                is, of                course, no assurance that we will enjoy rapid development in our                business. |
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| We currently depend on our president; the loss of this officer                could                disrupt our operations and adversely affect the development of our                business. |
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| Our success in establishing our ethanol-related business plan                  will                  depend on the continued service and on the performance of our president,                  Dean Sukowatey, and, as we grow, other executive officers and key                  employees. ALL Energy Company has entered into an employment agreement                  with Mr. Sukowatey. The loss of services of our key personnel for                  any                  reason could seriously impair our ability to execute our business                  plan,                  which could have a materially adverse effect on our business and                  future                  results of operations. We have not purchased any key-man life                  insurance. |
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| We will need to attract additional personnel with ethanol industry                experience. |
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| We believe our president will be able to satisfy our senior                management needs for the initial phase of our business plan. Thereafter,                due to our president’s lack of ethanol industry experience, we will be                required to hire additional executive officers and other staff members                with ethanol industry experience. Our inability to hire or retain                experienced ethanol industry personnel would severely limit our ability                to                develop successfully our ethanol production                operations. |
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| On the occurrence of certain events, we will likely suffer                substantial dilution in the ownership of ALL Energy Company, which                could                cause materially adverse changes to our operating results and financial                condition. |
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| Upon the occurrence of certain events, pursuant to a stock                subscription agreement with five persons (and an affiliated entity)                who                had been integrally involved in the pre-incorporation activities                of ALL                Energy Company, each of these five persons shall have the right,                but not                the obligation, to purchase 142,857 (approximately 5.2%) shares of                ALL                Energy common stock, for a cash consideration of $143.00. The right                to                purchase the shares of ALL Energy common stock vests at such time                as ALL                Energy Company has entered into (1) a project development agreement                with                Delta-T Corporation relating to the construction of five ethanol                production facilities of ALL Energy Company and (2) a plant management                agreement with Pacesetter Management Group, LLC relating to the management                of five ethanol production facilities of ALL Energy Company. As of                the                date hereof, ALL Energy Company has entered into an agreement with                Delta-T, but has yet to do so with Pacesetter                Management. |
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| Should all of these persons purchase such shares of ALL Energy                  Company, our ownership of ALL Energy Company would be reduced to                  approximately 74%, without ALL Energy Company’s having received any                  significant value for the 26% ownership so                  purchased. |
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| If they occur, it is likely that the purchases of this 26% ownership                in ALL Energy Company would result in a significant one-time                compensation-related charge against our then-current earnings. The                amount                of any such charge against our earnings cannot be accurately                predicted. |
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| It is likely that we will incur indebtedness to facilitate                construction of the Manchester facility and to facilitate the proposed                purchase of ACE Ethanol, LLC; we may be unable to repay any such                indebtedness. |
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| It is likely that we will incur significant indebtedness to finance                construction of the Manchester facility or the purchase of ACE Ethanol,                LLC. We cannot assure you that such indebtedness will not prevent                us from                earning a profit. In addition, we cannot assure you that we will                be able                to generate revenues that are sufficient to repay such indebtedness,                nor                can we assure you that we will be able to obtain additional sources                of                financing if and when needed. Should needed financing be unavailable                or                prohibitively expensive when we require it, it is possible that we                would                be forced to cease operations. |
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| We have not obtained a commitment from a lender for the financing                  needed to construct the Manchester facility or to purchase 100%                  of ACE                  Ethanol. |
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| We require approximately $200 million to construct the Manchester                facility and approximately $106 million to purchase ACE Ethanol,                LLC. Our                management believes it will be able to secure the financing, in the                form                of debt, equity or a combination thereof, necessary to complete these                opportunities. However, no lender or other funding source has made                any                commitment to make a loan in any amount in this regard. Should we                fail to                obtain such financing, our plan of business would likely be unsuccessful                and we may be forced to cease operations. |
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| New ethanol production facilities under construction or decreases                in                the demand for ethanol may result in excess production capacity in                our                industry. |
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| According to the Renewable Fuels Association (RFA), domestic                ethanol                production capacity has increased from 1.9 billion gallons per year                (BGY)                as of January 2001 to an estimated 5.01 BGY at the end of 2006. The                RFA                currently estimates that approximately 2.9 BGY of additional production                capacity is proposed or under construction. The ethanol industry                in the                U.S. now consists of more than 110 production facilities. Excess                capacity                in the ethanol industry would have an adverse effect on our results                of                operations, cash flows and financial position. In a manufacturing                industry                with excess capacity, producers have an incentive to manufacture                additional products for so long as the price exceeds the marginal                cost of                production (that is, the cost of producing only the next unit, without                regard for interest, overhead or fixed costs). This incentive can                result                in the reduction of the market price of ethanol to a level that is                inadequate to generate sufficient cash flow to cover costs, including                debt                service. |
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| Excess capacity may also result from decreases in the demand                for                ethanol, which could result from a number of factors, including regulatory                developments and reduced U.S. gasoline consumption. Reduced gasoline                consumption could occur as a result of increased prices for gasoline                or                crude oil, which could cause businesses and consumers to reduce driving                or                acquire vehicles with more favorable gasoline mileage. There is some                evidence that this has occurred in the recent past as U.S. gasoline                prices                increased significantly. |
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| Our future results of operations, financial position and business                outlook will be highly dependent on volatile and uncertain commodity                prices, as well as and the availability of supplies; our operating                results                could fluctuate substantially. |
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| Our future operating results will be substantially dependent                on                commodity prices, especially prices for corn, natural gas, ethanol                and                unleaded gasoline. As a result of the volatility of the prices for                these                products, our operating results may fluctuate substantially and we                may                experience periods of declining prices for our products and increasing                costs for our raw materials, which could result in operating losses.                Although we may attempt to offset a portion of the effects of fluctuations                in prices by entering into fixed-price contracts to sell ethanol                or                purchase corn, natural gas or other products or by engaging in                transactions involving exchange-traded futures contracts, the amount                and                duration of these hedging and other risk mitigation activities may                vary                substantially over time and these activities also involve substantial                risks. There is no assurance that we will be successful in managing                these                risks. |
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| Our business is subject to seasonal                fluctuations. |
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| Our operating results will be influenced by seasonal fluctuations                in                the price of our primary operating supplies, corn and natural gas,                and the                price of our primary product, ethanol. The spot price of corn tends                to                rise during the spring planting season in May and June and tends                to                decrease during the fall harvest in October and November. The price                for                natural gas, however, tends to move conversely to that of corn and                tends                to be lower in the spring and summer and higher in the fall and winter.                In                addition, our ethanol prices are substantially correlated with the                price                of unleaded gasoline. The price of unleaded gasoline tends to rise                during                each of the summer and winter. We cannot predict how these seasonal                fluctuations will affect our future operating                results. |
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| During the early phase of our operations, it is likely that we                will                be dependent on one production facility, and any operational disruption                could result in a reduction of our sales volumes and could cause                us to                incur substantial losses. |
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| Whether our first ethanol production facility is built or purchased                by us, substantially all of our revenues will be derived from the                sale of                ethanol and the related co-products that we are able to produce at                our                first production facility. Our future operating results may be subject                to                significant interruption if a facility were to experience a major                accident                or to be damaged by severe weather or other natural disasters. Also,                labor                disruptions and unscheduled downtime, or other operational hazards                inherent in our industry, such as equipment failures, fires, explosions,                abnormal pressures, blowouts, pipeline ruptures, transportation accidents                and natural disasters may cause interruptions of our then operations.                Some                of these operational hazards, if they arise, may cause personal injury                or                loss of life, severe damage to, or destruction of, property and equipment                or environmental damage, and may result in suspension of operations                and                the imposition of civil or criminal penalties. Our insurance may                not be                adequate to cover fully the potential of these operational                hazards. |
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| We may not be able to implement our expansion strategy as planned                or                at all. |
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| We plan to develop our business by building new or purchasing                existing ethanol production facilities and to pursue other ethanol-related                business opportunities. Also, because our management believes that                there                is increasing competition for suitable production sites, it is possible                that we may not find suitable future sites for construction of new                facilities. |
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| We require significant additional financing to implement our                expansion strategy and we may not have access to the funding required                for                the expansion of our business or such funding may not be available                to us                on acceptable terms. We may finance the expansion of our business                with                debt or by issuing additional equity securities, or both. We would                face                financial risks associated with incurring indebtedness, such as reducing                our liquidity and increasing the amount of cash flow required to                service                such indebtedness, or associated with issuing additional stock, such                as                dilution of ownership and earnings. |
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| We must obtain numerous regulatory approvals and permits in order                to                construct ethanol production facilities. These requirements may not                be                satisfied in a timely manner or at all, which would have a materially                adverse affect on our operating results. |
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| Our construction costs may also reach levels that would make                a new                facility too expensive to complete or unprofitable to operate. We                are in                the preliminary design stage with respect to the Manchester facility.                However, we have yet to enter into any construction contracts or                other                arrangements that might tend to limit our exposure to higher costs                in                constructing the Manchester facility. Also, during periods of                construction, we may suffer significant delays or cost overruns as                a                result of a variety of factors, such as shortages of workers or materials,                transportation constraints, adverse weather, unforeseen difficulties                or                labor issues, any of which could prevent us from commencing operations                as                expected at any of our proposed future                facilities. |
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| Potential future acquisitions could be difficult to find and                integrate, divert the attention of key personnel, disrupt our business,                dilute shareholder value and adversely affect our financial                results. |
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| As part of our business strategy, we may consider acquisitions                of                building sites, production facilities, storage or distribution facilities                and selected infrastructure. We may not find suitable acquisition                opportunities. Acquisitions involve numerous risks, any of which                could                harm our business, including: |
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| - | difficulties in integrating the operations, technologies, products,                existing contracts, accounting processes and personnel of the target                and                realizing the anticipated synergies of the combined                businesses; |
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| - | difficulties in supporting customers of the target company or                assets; |
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| - | diversion of financial and management resources from existing                operations; |
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| - | the price we pay or other resources that we devote may exceed                the                value we realize, or the value we could have realized, if we had                allocated                the purchase price or other resources to another                opportunity; |
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| - | potential loss of key employees, customers and strategic alliances                from either our current business or the business of the                target; |
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| - | assumption of unanticipated problems or latent liabilities, such                as                problems with the quality of the products of the target;                and |
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| - | inability to generate sufficient revenue to offset acquisition                costs. |
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| Acquisitions also frequently result in the recording of goodwill                and                other intangible assets which are subject to potential impairments                in the                future that could harm our financial results. In addition, if we                finance                acquisitions by issuing convertible debt or equity securities, our                existing shareholders’ ownership may be diluted. As a result, if we fail                properly to evaluate acquisitions or investments, we may not achieve                the                anticipated benefits of any such acquisitions, and we may incur costs                in                excess of those that we anticipate. The failure to evaluate and execute                successfully acquisitions or investments or otherwise adequately                address                these risks could materially harm our business and financial results                and,                in turn, the market price for our common                stock. |
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| Growth in the sale and distribution of ethanol is dependent on                the                changes to, and expansion of, related infrastructure, which may not                occur                on a timely basis, if at all, and our operations could be adversely                affected by infrastructure disruptions. |
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| Substantial development of infrastructure will be required by                persons                and entities outside of our control for our operations, and the ethanol                industry generally, to grow. Areas requiring expansion include, but                are                not limited to: |
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| - | rail capacity; |
|---|----------------|

| - | storage facilities for ethanol; |
|---|---------------------------------|

| - | truck fleets capable of transporting ethanol within localized                markets; |
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| - | refining and blending facilities to handle                ethanol; |
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| - | service stations equipped to handle ethanol fuels;                and |
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| - | the fleet of flexible fuel vehicles capable of using E85                fuel. |
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| Substantial investments required for these infrastructure changes                and                expansions may not be made or they may not be made on a timely basis.                Any                delay or failure in making the changes to or expansion of infrastructure                could hurt the demand or prices for our products, impede our delivery                of                products, impose additional costs on us or otherwise have a material                adverse effect on our results of operations or financial position.                Our                business will be dependent on the continuing availability of                infrastructure and any infrastructure disruptions could have a material                adverse effect on our business. |
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| We may not be able to compete effectively in our                industry. |
|---------------------------------------------------------------------------|

| In the U.S., we will compete with other corn processors, ethanol                producers and refiners, including Archer Daniels Midland Company,                VeraSun                Energy Corporation, Aventine Renewable Energy Holdings, Inc. and                Cargill,                Inc. Currently, the top ten producers account for over 40% of the                ethanol                production capacity in the U.S., according to the RFA. Many of our                expected competitors are divisions of substantially larger enterprises                and                possess substantially greater resources, financial and otherwise,                than do                we. In addition, relatively smaller, though larger than we, competitors                also pose a threat. Farmer-owned cooperatives and independent firms                consisting of groups of individual farmers and investors have been                able to                compete successfully in the ethanol industry. These smaller competitors                operate smaller facilities which do not affect the local price of                corn                grown in proximity to the facility as much as larger facilities,                like the                Manchester facility, as proposed, do. Also, many of these smaller                competitors are farmer-owned and often require their farmer-owners                to                commit to selling them a certain amount of corn as a requirement                of                ownership. A significant portion of production capacity in our industry                consists of smaller-sized facilities. Most new ethanol plants under                development across the country are independently owned. In addition,                institutional investors and others could invest heavily in ethanol                production facilities and cause an oversupply of ethanol, resulting                in                lower ethanol price levels that might adversely affect our future                results                of operations and financial position. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The U.S. ethanol industry is highly dependent upon a myriad of                federal and state legislation and regulation and any changes in                legislation or regulation could materially and adversely affect our                future                results of operations and financial                position. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The elimination or significant reduction in the blenders’ credit                could have a material adverse effect on our results of operations                and                financial position. The cost of production of ethanol is made                significantly more competitive with regular gasoline by federal tax                incentives. Before January 1, 2005, the federal excise tax incentive                program allowed gasoline distributors who blended ethanol with gasoline                to                receive a federal excise tax rate reduction for each blended gallon                they                sold. If the fuel was blended with 10% ethanol, the refiner/marketer                paid                $0.052 per gallon less tax, which equated to an incentive of $0.52                per                gallon of ethanol. The $0.52 per gallon incentive for ethanol was                reduced                to $0.51 per gallon in 2005 and is scheduled to expire (unless extended)                in 2010. The blenders’ credits may not be renewed in 2010 or may be                renewed on different terms. In addition, the blenders’ credits, as well as                other federal and state programs benefitting ethanol (such as tariffs),                generally are subject to U.S. government obligations under international                trade agreements, including those under the World Trade Organization                Agreement on Subsidies and Countervailing Measures, and might be                the                subject of challenges thereunder, in whole or in part. The elimination                or                significant reduction in the blenders’ credit or other programs                benefitting ethanol may have a materially adverse affect on our future                results of operations and financial                position. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ethanol can be imported into the U.S. duty-free from some countries,                which may undermine the ethanol industry in the U.S. Imported ethanol                is                generally subject to a $0.54 per gallon tariff that was designed                to offset                tax revenue lost due to the $0.51 per gallon ethanol incentive available                under the federal excise tax incentive program for refineries that                blend                ethanol in their fuel. A special exemption from the tariff exists                for                ethanol imported from 24 countries in Central America and the Caribbean                Islands, which is limited to a total of 7% of U.S. ethanol production                per                year. Imports from the exempted countries may increase as a result                of new                plants under development. Since production costs for ethanol in these                countries are estimated to be significantly less than they are in                the                U.S., the duty-free import of ethanol through the countries exempted                from                the tariff may affect the supply of domestic ethanol and the price                at                which we sell our ethanol. In May 2006, bills were introduced in                both the                U.S. House of Representatives and U.S. Senate to repeal the $0.54                per                gallon tariff. We do not know the extent to which the volume of imports                would increase or the effect on U.S. prices for ethanol if this proposed                legislation is enacted or if the tariff is not renewed beyond its                current                expiration in December 2007. Any changes in the tariff or exemption                from                the tariff could have a materially adverse effect on our future results                of                operations and financial position. In addition, NAFTA allows Canada                and                Mexico to export ethanol to the United States duty-free or at a reduced                rate. Canada is exempt from duty under the current NAFTA guidelines,                while                Mexico’s duty rate is $0.10 per gallon. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The effect of the Renewable Fuels Standards (RFS) in the recent                Energy Policy Act is uncertain. The use of fuel oxygenates, including                ethanol, was mandated through regulation, and much of the forecasted                growth in demand for ethanol was expected to result from additional                mandated use of oxygenates. Most of this growth was projected to                occur in                the next few years as the remaining markets switch from MTBE to ethanol.                The recently enacted energy bill, however, eliminated the mandated                use of                oxygenates and established minimum nationwide levels of renewable                fuels                (ethanol, biodiesel or any other liquid fuel produced from biomass                or                biogas) to be included in gasoline. Because biodiesel and other renewable                fuels in addition to ethanol are counted toward the minimum usage                requirements of the RFS, the elimination of the oxygenate requirement                for                reformulated gasoline may result in a decline in ethanol consumption,                which in turn could have a material adverse effect on our results                of                operations and financial condition. The legislation also included                provisions for trading of credits for use of renewable fuels and                authorized potential reductions in the RFS minimum by action of a                governmental administrator. In addition, the rules for implementation                of                the RFS and the energy bill are still under                development. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Waivers of the RFS minimum levels of renewable fuels included                in                gasoline could have a material adverse affect on our results of                operations. Under the Energy Policy Act, the U.S. Department of Energy,                in                consultation with the Secretary of Agriculture and the Secretary                of                Energy, may waive the renewable fuels mandate with respect to one                or more                states if the Administrator of the U.S. Environmental Protection                Agency,                or U.S. EPA, determines that implementing the requirements would                severely                harm the economy or the environment of a state, a region or the U.S.,                or                that there is inadequate supply to meet the requirement. Any waiver                of the                RFS with respect to one or more states would adversely reduce demand                for                ethanol and could have a material adverse effect on our results of                operations and financial condition. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| We may be adversely affected by environmental, health and safety                laws, regulations and liabilities. |
|--------------------------------------------------------------------------------------------------------------------|

| We will be subject to various federal, state and local environmental                laws and regulations, including those relating to the discharge of                materials into the air, water and ground, the generation, storage,                handling, use, transportation and disposal of hazardous materials,                and the                health and safety of our employees. In addition, some of these laws                and                regulations will require our facilities to operate under permits                that are                subject to renewal or modification. It is expected that we will be                expected make significant capital expenditures on an ongoing basis                to                comply with increasingly stringent environmental laws, regulations                and                permits. We may lack the capital with which to achieve compliance,                to the                extreme detriment of our future operations results and financial                condition. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Our competitive position, financial position and results of                operations may be adversely affected by technological                advances. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| The development and implementation of new technologies may result                in                a significant reduction in the costs of ethanol production. We cannot                predict when new technologies may become available, the rate of acceptance                of new technologies by our competitors or the costs associated with                new                technologies. In addition, advances in the development of alternatives                to                ethanol could significantly reduce demand for or eliminate the need                for                ethanol. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Any advances in technology which require significant capital                expenditures to remain competitive or which reduce demand or prices                for                ethanol would have a materially adverse effect on our future results                of                operations and financial position. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Concentration of ownership of our common stock may prevent new                investors from influencing significant corporate                decisions. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| Currently, our officers, directors and ALL Energy Company own                  approximately 60.37% of our outstanding common stock. These shareholders,                  as a group, will be able to control our management and our affairs.                  These                  shareholders, as a group, will be able to control our management                  and our                  affairs. Acting together, they could control most matters requiring                  the                  approval by our shareholders, including the election of directors,                  any                  merger, consolidation or sale of all or substantially all of our                  assets,                  and any other significant corporate transaction. The concentration                  of                  ownership may also delay or prevent a future change of control                  of ALL                  Fuels & Energy Company at a premium price, if these shareholders                  oppose it. See “Item 11. Security Ownership of Certain Beneficial Owners                  and Management and Related Stockholder Matters” for details regarding our                  stock ownership and how beneficial ownership is                  calculated. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Anti-takeover provisions in our corporate documents may discourage                or                prevent a takeover. |
|-------------------------------------------------------------------------------------------------------------------------|

| Provisions in our restated certificate of incorporation and bylaws                may have the effect of delaying or preventing an acquisition or merger                in                which we are acquired or a transaction that changes our board of                directors. Specifically, these provisions: |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | authorize the board to issue preferred stock without shareholder                approval; |
|---|-------------------------------------------------------------------------------------------|

| - | prohibit cumulative voting in the election of                directors; |
|---|-------------------------------------------------------------------------|

| - | limit the persons who may call special meetings of shareholders;                and |
|---|-------------------------------------------------------------------------------------|

| - | establish advance notice requirements for nominations for the                election of the board of directors or for proposing matters that                can be                acted on by shareholders at shareholder                meetings. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In addition, we are governed by the provisions of Section 203                of the                Delaware General Corporation Law. These provisions may prohibit large                shareholders, in particular those owning 15% or more of the outstanding                voting stock, from consummating a merger or combination to which                we are a                party. These provisions could limit the price that investors might                be                willing to pay in the future for our common                stock. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| You will suffer substantial dilution in the net tangible book                value                of the common stock you purchase. |
|-------------------------------------------------------------------------------------------------------------------------------------|

| You will suffer substantial and immediate dilution, due to the                lower                book value per share of our common stock compared to the purchase                price                per share of our common stock. We cannot predict your actual                dilution. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The market price of our common stock will continue to be extremely                volatile, and it may drop unexpectedly. |
|---------------------------------------------------------------------------------------------------------------------------|

| The stock market in general, and the market for energy-related                stocks                in particular, has recently experienced dramatic fluctuations that                have                often been unrelated to the operating performance of companies. If                market-based or industry-based volatility continues, the trading                price of                our common stock could decline significantly independent of our actual                operating performance, and you could lose all or a substantial part                of                your investment. The market price of our common stock could fluctuate                significantly as a result of several factors,                including: |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | changes in public policy regarding alternative fuels, in general,                and                ethanol, in particular; |
|---|-----------------------------------------------------------------------------------------------------------------------------|

| - | actual or anticipated variations in our results of                operations; |
|---|-------------------------------------------------------------------------------|

| - | announcements of innovations or significant price reductions                by us or                our competitors; |
|---|----------------------------------------------------------------------------------------------------------------------|

| - | announcements by us or our competitors of significant contracts                or                acquisitions; |
|---|----------------------------------------------------------------------------------------------------------------|

| - | our failure to meet the performance estimates of investment research                analysts; |
|---|-----------------------------------------------------------------------------------------------|

| - | changes in financial estimates by investment research analysts;                and |
|---|------------------------------------------------------------------------------------|

| - | general economic and market                conditions. |
|---|--------------------------------------------------------|

| Our common stock is a “penny stock”. |
|--------------------------------------------------|

| Our common stock trades on the Pink Sheets and is considered                a “penny                stock”, as long as it trades below $5.00 per share. Broker-dealer                practices in connection with transactions in penny stocks are regulated                by                penny stock rules adopted by the SEC. The penny stock rules require                a                broker-dealer, prior to a transaction in a penny stock not otherwise                exempt from the rules, to deliver a standardized risk disclosure                statement                prepared by the SEC that provides information about penny stocks                and the                nature and level of risks in the penny stock market. The broker-dealer                also must provide the customer with current bid and offer quotations                for                the penny stock, the compensation of the broker-dealer and its salesperson                in the transaction, as well as the monthly account statements showing                the                market value of each penny stock held in the customer’s account. In                addition, the penny stock rules require that, prior to a transaction                in a                penny stock not otherwise exempt from such rules, the broker-dealer                must                make a special written determination that the penny stock is a suitable                investment for the purchaser and receive the purchaser’s written agreement                to the transaction. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| These disclosure requirements may have the effect of reducing                the                level of trading activity in the secondary market for a stock that                is                subject to the penny stock rules. In this regard, it can be expected                that                investors in our common stock may find it more difficult to profit                on                their investments in our common stock. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 2. | Description of Property |
|---------|-------------------------|

| Due to our historical lack of operating capital, we have not                rented                office space. Rather, we have utilized the facilities of our                then-affiliates, at no charge. Currently, we utilize the facilities                of ALL                Energy Company, at no charge. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company, through its subsidiary ALL Energy Manchester,                LLC, an Iowa limited liability company, owns approximately 150 acres                of                real property on which we intend to construct the Manchester facility.                In                addition, ALL Energy Company owns office equipment necessary to conduct                its current business. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company leases a small office in Johnston, Iowa, at                a                monthly rental of $760. |
|------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 3. | Legal Proceedings |
|---------|-------------------|

| We are not currently involved in any legal proceedings; ALL Energy                Company is not currently involved in any legal                proceedings. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 4. | Submission of Matters to Vote of Security                Holders |
|---------|------------------------------------------------------------------|

| No matter was submitted to our shareholders during the last three                months of 2006. |
|--------------------------------------------------------------------------------------------------|

| In June 2004, holders of approximately 51.91% of our common stock,                acting by written consent in lieu of a meeting, approved the following                proposals: a proposal that the then-current board of directors be                removed                from office; a proposal that new directors be elected; a proposal                that our                corporate name be changed to “SAC Technology Corp.” (this name change was                never effected); a proposal that the outstanding common stock be                reverse                split on a 1-for-17 basis; a proposal that our authorized capitalization                be changed; a proposal that our certificate of incorporation be amended                and restated. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In March 2007, holders of approximately 69.42% of our common                  stock,                  acting by written consent in lieu of a meeting, approved a change                  of our                  corporate name from ICrystal, Inc. to “ALL Fuels & Energy Company”,                  which name change occurred on May 3, 2007. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In April 2007, holders of approximately 60% of our common                    stock,                    acting by written consent in lieu of a meeting, approved an amendment                    to                    our amended and restated certificate of incorporation, whereby                    our                    authorized capital would be increased to 700,000,000 shares of                    $0.01 par                    value common stock and 50,000,000 shares of $0.01 par value preferred                    stock. It is expected that such amendment will be filed in early                    June                    2007. |
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|   |
|--------|

| PART II |
|---------|

| Item 5. | Market for Common Equity and Related Stockholder                Matters |
|---------|-------------------------------------------------------------------------|

| Market Information |
|--------------------|

| Our common stock trades on the Pink Sheets, under the symbol“ICRI”.                  Our trading symbol will change to “AFSE”, effective May 7, 2007. Inasmuch                  as our common stock has a history of sporadic trading and low trading                  volumes, the table below sets forth, for the periods indicated,                  the high                  and low sale prices for our common stock, as reported by the Pink                  Sheets. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Quarter Ended |   | High                Price * |   | Low                Price * |   |
|--------|---------------|--------|-----------------------------|--------|----------------------------|--------|

|   | March 31, 2002 |   | $2.38 |   | $.68 |   |
|--------|----------------|--------|-------|--------|------|--------|

|   | June 30, 2002 |   | $1.36 |   | $.68 |   |
|--------|---------------|--------|-------|--------|------|--------|

|   | September 30, 2002 |   | $1.70 |   | $.68 |   |
|--------|--------------------|--------|-------|--------|------|--------|

|   | December 31, 2002 |   | $1.36 |   | $.17 |   |
|--------|-------------------|--------|-------|--------|------|--------|

|   | March 31, 2003 |   | $.51 |   | $.17 |   |
|--------|----------------|--------|------|--------|------|--------|

|   | June 30, 2003 |   | $.85 |   | $.34 |   |
|--------|---------------|--------|------|--------|------|--------|

|   | September 30, 2003 |   | $.51 |   | $.34 |   |
|--------|--------------------|--------|------|--------|------|--------|

|   | December 31, 2003 |   | $1.87 |   | $.51 |   |
|--------|-------------------|--------|-------|--------|------|--------|

|   | March 31, 2004 |   | $1.36 |   | $.68 |   |
|--------|----------------|--------|-------|--------|------|--------|

|   | June 30, 2004 |   | $1.02 |   | $.51 |   |
|--------|---------------|--------|-------|--------|------|--------|

|   | September 30, 2004 |   | $.68 |   | $.26 |   |
|--------|--------------------|--------|------|--------|------|--------|

|   | December 31, 2004 |   | $.57 |   | $.15 |   |
|--------|-------------------|--------|------|--------|------|--------|

|   | March 31, 2005 |   | $.25 |   | $.15 |   |
|--------|----------------|--------|------|--------|------|--------|

|   | June 30, 2005 |   | $.25 |   | $.05 |   |
|--------|---------------|--------|------|--------|------|--------|

|   | September 30, 2005 |   | $.15 |   | $.05 |   |
|--------|--------------------|--------|------|--------|------|--------|

|   | December 31, 2005 |   | $.12 |   | $.05 |   |
|--------|-------------------|--------|------|--------|------|--------|

|   | March 31, 2006 |   | $.10 |   | $.10 |   |
|--------|----------------|--------|------|--------|------|--------|

|   | June 30, 2006 |   | $.12 |   | $.08 |   |
|--------|---------------|--------|------|--------|------|--------|

|   | September 30, 2006 |   | $.30 |   | $.08 |   |
|--------|--------------------|--------|------|--------|------|--------|

|   | December 31, 2006 |   | $.51 |   | $.16 |   |
|--------|-------------------|--------|------|--------|------|--------|

|   | March 31, 2007 |   | $.80 |   | $.16 |   |
|--------|----------------|--------|------|--------|------|--------|

|  * | The foregoing prices have been adjusted to reflect a                one-for-seventeen reverse split of our common stock occurring in                September                2004. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| You should note that our common stock is likely to experience                significant fluctuations in its price and trading volume. We cannot                predict the future trading patterns of our common                stock. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Holders |
|---------|

| On May 2, 2007, the number of record holders of our common                  stock,                  excluding nominees and brokers, was 258 holding 33,540,754                  shares. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Dividends |
|-----------|

| We have never paid cash dividends on our common stock. We intend                to                re-invest any future earnings into the Company for the foreseeable                future. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Shareholders of record as of January 19, 2007, are entitled to                receive a pro rata dividend distribution of 100% of the stock of                Venus                Associates, Inc., a Nevada corporation, the subsidiary into which                all of                our web publishing business was assigned. This dividend distribution                will                not occur until such time as Venus Associates, Inc. has an effective                registration statement relating thereto filed with the                SEC. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Securities Authorized for Issuance Under Equity Compensation                Plans |
|-----------------------------------------------------------------------------------|

| Plan Category |   | Number of securities to be issued upon exercise of outstanding                options, warrants and rights |   | Weighted average exercise price of outstanding options, warrants,                and                rights |   | Number of securities remaining available for future                issuance |
|---------------|--------|------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|

| Equity compensation plans approved by security holders |   | -0- |   | -0- |   | -0- |
|--------------------------------------------------------|--------|-----|--------|-----|--------|-----|

| Equity compensation plans not approved by security holders |   | -0- |   | -0- |   | -0- |
|------------------------------------------------------------|--------|-----|--------|-----|--------|-----|

| Individual Compensation Arrangements |   | -0- |   | -0- |   | -0- |
|--------------------------------------|--------|-----|--------|-----|--------|-----|

| Recent Issuances of Unregistered                Securities |
|------------------------------------------------------------|

| During the last three months of 2006, we issued unregistered                securities, as follows: |
|-----------------------------------------------------------------------------------------------------|

| 1. | (a) | Securities Sold. In November 2006, 50,000 shares of our common                stock                were issued. |
|----|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (b) | Underwriter or Other Purchasers. Such shares of common stock                were                issued to Victor Nostas. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Consideration. Such shares of common stock were issued pursuant                to a                consulting agreement and were valued at $.04 per share, or $2,000,                in the                aggregate. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Exemption from Registration Claimed. These securities are exempt                from                registration under the Securities Act of 1933, as amended, pursuant                to the                provisions of Section 4(2) thereof and Rule 506 thereunder, as a                transaction not involving a public offering. This purchaser was a                sophisticated investor capable of evaluating an investment in the                company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | (a) | Securities Sold. In November 2006, 1,300,000 shares of our common                stock were issued. |
|----|-----|-----------------------------------------------------------------------------------------------------|

|   | (b) | Underwriter or Other Purchasers. Such shares of common stock                were                issued to James Kaufman (600,000 shares), Tommy Loflin (200,000 shares)                and David Loflin (500,000 shares). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Consideration. Such shares of common stock were issued pursuant                to                three separate asset purchase agreements, in consideration of certain                assets. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Exemption from Registration Claimed. These securities are exempt                from                registration under the Securities Act of 1933, as amended, pursuant                to the                provisions of Section 4(2) thereof and Rule 506 thereunder, as a                transaction not involving a public offering. This purchaser was a                sophisticated investor capable of evaluating an investment in the                company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | (a) | Securities Sold. In November 2006, 500,000 shares of our common                stock                were issued. |
|----|-----|------------------------------------------------------------------------------------------------------------------|

|   | (b) | Underwriter or Other Purchasers. Such shares of common stock                were                issued to Newlan & Newlan, Attorneys at                Law. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Consideration. Such shares of common stock were issued pursuant                to a                legal services letter agreement and were valued at $.04 per share,                or                $20,000, in the aggregate. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Exemption from Registration Claimed. These securities are exempt                from                registration under the Securities Act of 1933, as amended, pursuant                to the                provisions of Section 4(2) thereof and Rule 506 thereunder, as a                transaction not involving a public offering. This purchaser was a                sophisticated investor capable of evaluating an investment in the                company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | (a) | Securities Sold. In November 2006, 100,000 shares of our common                stock                were issued. |
|----|-----|------------------------------------------------------------------------------------------------------------------|

|   | (b) | Underwriter or Other Purchasers. Such shares of common stock                were                issued to Waddell D. Loflin. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Consideration. Such shares of common stock were issued as a retention                bonus and were valued at $.04 per share, or $4,000, in the                aggregate. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Exemption from Registration Claimed. These securities are exempt                from                registration under the Securities Act of 1933, as amended, pursuant                to the                provisions of Section 4(2) thereof and Rule 506 thereunder, as a                transaction not involving a public offering. This purchaser was a                sophisticated investor capable of evaluating an investment in the                company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 6. | Management’s Discussion and Analysis of Financial Condition and                Results of Operations |
|---------|------------------------------------------------------------------------------------------------------------|

| Year Ended December 31, 2006 |
|------------------------------|

| During the year ended December 31, 2006, we had no revenues and                we                did not engage in active business operations until November 2006,                when we                started a new web page publishing                business. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Background |
|------------|

| From 1999 through 2002, the business operations of ALL Fuels&                Energy Company (f/k/a ICrystal, Inc.) involved the development of                Internet-based software for computer-based card and table games for                gaming                and casino applications. This business proved to be unsuccessful                and, in                2003, management sold our software business. During 2003, we recognized                nominal income from our discontinued operations. However, we did                not                engage in active business operations during 2003. During 2004 and                2005, we                did not engage in active business operations and had no revenues.                During                2006, we did not engage in active business operations, until November                of                that year. In November 2006, we started a new business, but did not                generate any revenues therefrom in 2006. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| From 2004 through November 2006, our management searched for                a going                business to acquire, without success. Due to this lack of success,                our                board of directors determined that it would be in the best interests                of                our company and our shareholders for our company to start a new business.                After assessing the business opportunities available to our company                vis-a-vis our lack of available capital, in November 2006, our board                of                directors determined that we would become a publisher of web pages.                In                connection with this determination, we entered into three separate                asset                purchase agreements, whereby we acquired certain web site domains                and                Internet web pages associated therewith from three individual, two                of whom                were officers of our company and one of whom is the adult son of                one of                our officers. During 2006, we did not derive any revenues from this                business. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| As we pursued our web page publishing business, in January 2007,                our                former management acted upon an opportunity for our company to acquire                ALL                Energy Company and determined that the best interests of our shareholders                would be served by acquiring ALL Energy Company and pursuing the                ethanol-related business plan of ALL Energy Company as a combined                enterprise. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In January 2007, there occurred a change in control with respect                  to                  our company and new management was installed. Our new management                  has                  determined that we will pursue a plan of business whereby we would                  become                  a producer of ethanol and its co-products. To that end, in January                  2007,                  we entered into a plan and agreement of reorganization with ALL                  Energy                  Company, a development-stage Delaware corporation. Our management                  and that                  of ALL Energy Company was and is the same. On April 9, 2007, we                  completed                  the acquisition of ALL Energy                  Company. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Our web page publishing business continues and has been assigned                to a                subsidiary, Venus Associates, Inc., a Nevada corporation, which intends                to                change its corporate name to “Vortal 9, Inc.” At an appropriate time in                the near future, all of the stock of Venus Associates is to be                distributed, as a dividend, to our shareholders of record on January                19,                2007, pursuant to an effective registration statement filed with                the SEC.                Thereafter, the web page publishing business of Venus Associates                will no                longer be a part of our company. The costs associated with the dividend                distribution of the Venus Associates stock will be borne by Venus                Associates and we will not provide any operating funds to Venus Associates                at any time. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Critical Accounting Policies |
|------------------------------|

| While we believe that the factors considered provide a meaningful                basis for the accounting policies applied in the preparation of the                consolidated financial statements, we cannot guarantee that our estimates                and assumptions will be accurate. If such estimates and assumptions                prove                to be inaccurate, we may be required to make adjustments to these                estimates in future periods. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Asset Impairment. Statement of Financial Accounting Standards                No. 144 (“SFAS No. 144”) requires that long-lived assets be                considered impaired, if the sum of the expected future cash flows                (undiscounted and without interest charges) is less than the carrying                amount of those assets. If impairment exists, an impairment loss                is                recognized, by a charge against earnings, equal to the amount by                which the                carrying amount of the assets exceeds the fair value of the                property. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Litigation and Tax Assessments. Should we become involved in                lawsuits, we intend to assess the likelihood of any adverse judgments                or                outcomes of any of these matters as well as the potential range of                probable losses. A determination of the amount of accrual required,                if                any, for these contingencies will be made after careful analysis                of each                matter. The required accrual may change from time to time, due to                new                developments in any matter or changes in approach (such as a change                in                settlement strategy) in dealing with these                matters. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Additionally, in the future, we may become engaged in various                tax                audits by federal and state governmental authorities incidental to                our                business activities. We anticipate that we will record reserves for                any                estimated probable losses for any such                proceeding. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Stock-Based Compensation. The Company accounts for stock based                compensation in accordance with Statement of Financial Accounting                Standards (“SFAS”) No. 123-R, “Share-Based Payment”. This Statement                requires that transactions in which a company exchanges its equity                instruments for goods or services be accounted for using the fair-value                method. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Plan of Operations |
|--------------------|

| Ethanol. Unless and until we obtain significant capital, $200                  million                  for the construction of the Manchester facility or $106 million                  for the                  purchase of ACE Ethanol LLC, our operations will be limited, with                  respect                  to the Manchester facility, to pre-construction tasks, such as                  air quality                  and water quality permitting                  activities. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Should we obtain the capital necessary only to construct the                Manchester facility, our activities will be focused on completing                that                construction project on time and under budget, as we will not derive                revenues from the Manchester facilities until construction is completed,                a                period of between 14 and 18 months from the date construction                begins. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Should we obtain the capital necessary to acquire ACE Ethanol,                LLC,                we would, immediately upon completion of such acquisition transaction,                become an ethanol producer. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Web Page Publishing. Our web page publishing business continues                and                has been assigned to a subsidiary, Venus Associates, Inc., a Nevada                corporation, which intends to change its corporate name to “Vortal 9,                Inc.” At an appropriate time in the near future, all of the stock of Venus                Associates is to be distributed, as a dividend, to our shareholders                of                record on January 19, 2007, pursuant to an effective registration                statement filed with the SEC. Thereafter, the web page publishing                business                of Venus Associates will no longer be a part of our company. The                costs                associated with the dividend distribution of the Venus Associates                stock                will be borne by Venus Associates and we will not provide any operating                funds to Venus Associates at any time, as this business is no longer                a                part of our business plan. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Management’s Plans Relating to Future                Liquidity |
|----------------------------------------------------------------------|

| Ethanol. We require approximately $200 million to construct                  the                  Manchester facility and $106 million to purchase ACE Ethanol, LLC.                  Our                  management believes it will be able to secure the financing, in                  the form                  of debt, equity or a combination thereof, necessary to complete                  these                  opportunities. However, no lender or other funding source has made                  any                  commitment to make a loan in any amount in this regard. Should                  we fail to                  obtain such financing, our plan of business would likely be unsuccessful                  and we may be forced to cease                  operations. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Web Page Publishing. We have determined not to commit any resources                to the web page publishing business of our subsidiary, Venus Associates,                Inc. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Capital Expenditures |
|----------------------|

| During 2006, we made no capital expenditures. Since December                31,                2006, we have made no cash expenditures on capital                items. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In March 2007, ALL Energy purchase approximately 150 acres                  of real                  property located adjacent to Manchester, Iowa, for $945,000 in                  cash. We                  intend to construct the Manchester facility on this                  site. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Should we obtain the capital required to build the Manchester                facility or to purchase ACE Ethanol, LLC, our capital expenditures                during                the remainder of 2007 will be significant. However, we cannot predict                the                exact amount of these potential                expenditures. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 7. | Financial Statements |
|---------|----------------------|

| The financial statements required to be furnished under this                Item 7                are attached at the end of this Annual Report on Form 10-KSB. An                index to                our financial statements is also included below in Item                13(a). |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 8. | Changes In and Disagreements With Accountants on Accounting and                Financial Disclosure |
|---------|-----------------------------------------------------------------------------------------------------|

| On February 14, 2007, we dismissed Mark Bailey & Associates, Ltd.                as our independent auditor. At the time of the dismissal, there was                no                disagreement with respect to any matter of accounting principles                or                practices, financial statement disclosure or auditing scope or procedure.                On February 14, 2007, we engaged Farmer, Fuqua & Huff, P.C. as our new                independent auditor, to audit our financial statements for the year                ended                December 31, 2004, and succeeding years. The decision to change auditors                was unanimously approved by our board of                directors. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 8A. | Controls and Procedures |
|----------|-------------------------|

| In connection with the audit of our financial statements for                the year                ended December 31, 2006, an evaluation was performed by our President                and                Acting Chief Financial Officer of the effectiveness of the design                and                operation of our disclosure controls and procedures. Based on that                evaluation, our management, including our President and Acting Chief                Financial Officer, concluded that our disclosure controls and procedures                were not effective as of December 31, 2006. Our evaluation identified                material weaknesses related to the accuracy and completeness of our                accounting records and disclosures resulting in substantial adjustments                identified by our independent auditors. We were not required to have                an                audit of our internal control over financial reporting by the registered                public accounting firm that performed the audit of the financial                statements included in this Annual Report on Form 10-KSB and, accordingly,                one was not performed. For 2006, these material weaknesses were due                to the                limited resources currently available to us. In conjunction with                the                completion of the acquisition of ALL Energy Company, our current                management intends to implement new internal controls and procedures                in an                effort to eliminate these historical deficiencies. Other than as                described                in the foregoing sentences, there have been no significant changes                in our                internal controls or in other factors that could significantly affect                internal controls subsequent to December 31,                2006. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 8B. | Other Information |
|----------|-------------------|

| In October 2004, we entered into an agreement and plan of                reorganization, whereby we were to acquire Fat Katz Music, LLC, a                now-defunct Baton Rouge, Louisiana-based guitar and music retailer.                Pursuant to the reorganization agreement, we were to acquire Fat                Katz                Music by issuing shares of our common stock to the owners of Fat                Katz                Music. After the signing of this agreement, Fat Katz Music ceased                operations and the reorganization agreement was                abandoned. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| PART III |
|----------|

| Item 9. | Directors, Executive Officers, Promoters and Control Persons;                Compliance with Section 16(a) of the Exchange                Act |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| Directors and Officers |
|------------------------|

| The following table sets forth the officers and directors of                ALL                Fuels & Energy Company. |
|----------------------------------------------------------------------------------------------------------------------------|

|   | Name |   | Age |   | Position(s) |
|--------|------|--------|-----|--------|-------------|

|   | Dean E. Sukowatey |   | 54 |   | President, Secretary and Director |
|--------|-------------------|--------|----|--------|-----------------------------------|

|   | Brian K. Gibson |   | 40 |   | Treasurer and Director |
|--------|-----------------|--------|----|--------|------------------------|

|   | Steven J. Leavitt |   | 54 |   | Director |
|--------|-------------------|--------|----|--------|----------|

| Our current officers and directors serve until the next annual                meeting of our board of directors or until their respective successors                are                elected and qualified. All officers serve at the discretion of our                board                of directors. There exist no family relationships between our officers                and                directors. Certain information regarding the backgrounds of each                of the                officers and directors is set forth below. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Dean Sukowatey has served as president, secretary and a director                  of                  the Company since January 2007, and has served in similar capacities                  for                  ALL Energy Company since its inception in August 2006. He has 19                  years’                  experience on Wall Street as a broker, trader, fund manager and                  consultant                  at several firms, including Merrill Lynch, Paine Webber, Lehman                  Brothers                  and A.G. Edwards. For more than the five years prior to becoming                  ALL                  Energy’s president in August 2006, he managed two private funds and                  provided consulting and investment banking services. Mr. Sukowatey                  graduated from the University of Wisconsin with a B.S. degree in                  Microbiology. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Brian K. Gibson has served as treasurer and a director of the                  Company                  since January 2007, and has served in similar capacities for ALL                  Energy                  Company since January 2007. He has, since 2000, served as CFO/Partner                  for                  StrataVizion, Inc. Mr. Gibson currently sits on the board of directors                  for                  the Madison County (Iowa) Health Trust Foundation and for Tri-Star                  Quarries, LLC. Prior to founding StrataVizion, he was CFO/Owner                  of a                  commercial/industrial general construction contractor. Mr. Gibson                  earned a                  B.A. degree in Finance from the University of Iowa, Iowa City,                  Iowa. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Steven J. Leavitt has served as a director of the Company since                  January 2007, and has served in a similar capacity for ALL Energy                  Company                  since January 2007. He has, for more than the last five years,                  served as a                  senior project manager for Frank Baxter Construction Co., where                  his duties                  have included overseeing the construction of numerous large-scale                  construction projects throughout the U.S. Mr. Leavitt earned a                  Bachelor of                  Science degree in Construction Engineering from Iowa State University,                  Ames, Iowa. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Founders |
|----------|

| The founders of ALL Energy Company are Dean Sukowatey and Sun                Bear,                LLC, a Texas limited liability company owned by Scott B. Gann. Information                with respect to Mr. Sukowatey’s background appears                above. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Mr. Gann has been engaged in the stock brokerage business for                over 14                years with several nationally-known brokerage firms. Currently, Mr.                Gann                is Managing Director of Investments at Sanders, Morris, Harris, Inc.,                in                its Dallas, Texas, office. Mr. Gann is a director of Humanity Capital                Holding Corp., a company that files periodic reports under the Securities                Exchange Act of 1934. During his career in the financial industry,                Mr.                Gann has advised public and private companies and high-profile investors,                provided investment banking advice and performed money management                services                for private investors. Mr. Gann is a graduate of Baylor University,                Waco,                Texas, where he earned a Bachelor of Business Administration degree                from                the Hankamer School of Business. Mr. Gann is a licensed stock broker,                holding Series 63, Series 7 and Series 65 licenses. Mr. Gann is a                defendant in a lawsuit styled Securities and Exchange Commission,                Plaintiff, v. Scott B. Gann and George B. Fasciano, Defendants, United                States District Court, Northern District of Texas, Dallas Division,                Case                No. 305CV-063L, filed January 10, 2005. In the complaint, it is alleged                that Mr. Gann violated Section 10 of the Securities Exchange Act                of 1934                and Rule 10b-5 thereunder with respect to certain market timing practices                in trading securities of certain mutual funds. The SEC is seeking                a                permanent injunction restraining Mr. Gann from violating Section                10 of the                Exchange Act and Rule 10b-5 thereunder, disgorgement of Mr. Gann’s profits                and an “appropriate civil monetary penalty”. Mr. Gann has filed denials of                all claims made in the complaint. The government’s aiding and abetting                claims against Mr. Gann were dismissed after a summary judgment hearing.                Discovery in the lawsuit has been substantially completed and the                parties                await a trial date. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Board of Directors |
|--------------------|

| The Company’s full board did not meet during 2006, but did take                  action by unanimous written consent in lieu of a meeting on two                  occasions.                  Since the Company’s current directors took office on January 22, 2007, the                  board of directors has taken the following material                  actions: |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | January 22, 2007: Dean Sukowatey was elected President and                  Secretary                  and Brian K. Gibson was elected                  Treasurer. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | January 25, 2007: Authorized the Plan and Agreement of Reorganization                  with ALL Energy Company. Authorized the Company’s entering into a                  consulting agreement with David Loflin, which has not yet been                  executed.                  Under the proposed agreement with Mr. Loflin, the Company would                  issue                  200,000 shares of its common stock, in consideration of Mr. Loflin’s                  providing consulting services to the Company with respect to the                  day-to-day operations of a publicly-held                  company. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | February 14, 2007: Authorized a change of the Company’s independent                  auditor from Mark Bailey & Company, Ltd. to Farmer, Fuqua & Huff,                  P.C. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | March 1, 2007: Authorized a change of the Company’s corporate name to                  “ALL Fuels & Energy Company” and authorized the Company’s officers to                  take such actions as are necessary to effect the authorized name                  change. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | March 12-23, 2007: Reviewed and, where appropriate, signed                  previously                  delinquent periodic reports prior to their filing on March 22 and                  23,                  2007. Specifically, these persons reviewed the following: Annual                  Report on                  Form 10-KSB for the year ended December 31, 2004; Quarterly Report                  on Form                  10-QSB/A for the period ended March 31, 2005; Quarterly Report                  on Form                  10-QSB for the period ended June 30, 2005; Quarterly Report on                  Form 10-QSB                  for the period ended September 30, 2005; Annual Report on Form                  10-KSB for                  the year ended December 31, 2005; Quarterly Report on Form 10-QSB                  for the                  period ended March 31, 2006; Quarterly Report on Form 10-QSB for                  the                  period ended June 30, 2006; and Quarterly Report on Form 10-QSB                  for the                  period ended September 30, 2006. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | March 23-26, 2007: Review Annual Report on Form 10-KSB for                  the year                  ended December 31, 2006. |
|---|--------------------------------------------------------------------------------------------------------------------------------|

| - | April 19, 2007: Authorized an increase in the authorized capital                  of                  the Company and authorized the Company’s officers to take such actions as                  are necessary to effect the authorized name                  change. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | May 3, 2007: Authorized a forward stock split on                  one-new-share-for-every-two-shares-owned basis and authorized the                  Company’s officers to take such actions as are necessary to effect the                  forward stock split. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Audit Committee |
|-----------------|

| There currently does not exist an audit committee of our board                  of                  directors. However, our current board intends to form such a committee                  in                  the near future and will appoint an independent director to serve                  on such                  committee who qualifies as and audit committee financial expert.                  This                  person shall be independent (as that term is used in Item 7(d)(3)(iv)                  of                  Schedule 14A under the Exchange                  Act). |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Compensation of Directors |
|---------------------------|

| We do not pay any of our directors for their services as directors.                It is possible that our management could begin to pay our directors                for                meetings attended, grant a small number of stock options or issue                shares                of our common stock for their services. However, no specific determination                in this regard has been made. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Limitation of Liability and                Indemnification |
|------------------------------------------------------------|

| Our amended and restated certificate of incorporation contains                provisions limiting the liability of directors. Our restated certificate                of incorporation provides that a director will not be personally                liable to                us or to our shareholders for monetary damages for any breach of                fiduciary                duty as a director, but will continue to be subject to liability                for the                following: |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | any breach of the director’s duty of loyalty to us or to our                shareholders; |
|---|-------------------------------------------------------------------------------------------------|

| - | acts or omissions not in good faith or that involve intentional                misconduct or a knowing violation of law; |
|---|--------------------------------------------------------------------------------------------------------------------------|

| - | unlawful payment of dividends or unlawful stock repurchases or                redemptions; and |
|---|------------------------------------------------------------------------------------------------|

| - | any transaction from which the director derived an improper personal                benefit. |
|---|----------------------------------------------------------------------------------------------|

| If Delaware law is amended to authorize corporate action further                eliminating or limiting the personal liability of a director, then                the                liability of our directors will be eliminated or limited to the fullest                extent permitted by Delaware law, as so amended. Our restated certificate                of incorporation does not eliminate a director’s duty of care and, in                appropriate circumstances, equitable remedies such as injunctive                or other                forms of non-monetary relief remain available under Delaware law.                Our                restated certificate of incorporation does not affect a director’s                responsibilities under any other laws, such as state or federal securities                laws or state or federal environmental                laws. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In addition, we have entered into agreements to indemnify our                directors and executive officers to the fullest extent permitted                under                Delaware law, including the non-exclusivity provisions of Delaware                law,                and under our bylaws, subject to limited exceptions. These agreements,                among other things, provide for indemnification of our directors                and                executive officers for fees, expenses, judgments, fines, and settlement                amounts incurred by any of these persons in any action or proceeding                to                which any of those persons is, or is threatened to be, made a party                by                reason of the person’s service as a director or officer, including any                action by us, arising out of that person’s services as our director or                officer or that person’s services provided to any other company or                enterprise at our request. We believe that these bylaw provisions                and                agreements are necessary to attract and retain qualified persons                as                directors and officers. We also intend to maintain liability insurance                for                our officers and directors. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The limitation of liability and indemnification provisions in                our                restated certificate of incorporation and bylaws may discourage                shareholders from bringing a lawsuit against directors for breach                of their                fiduciary duties. They may also reduce the likelihood of derivative                litigation against directors and officers, even though an action,                if                successful, might benefit us and our shareholders. A shareholder’s                investment may be adversely affected to the extent we pay the costs                of                settlement and damage awards against directors and officers pursuant                to                these indemnification provisions. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Compliance with Section 16(a) of the Exchange                Act |
|------------------------------------------------------------------|

| Section 16(a) of the Securities Exchange Act of 1934, as amended,                requires the registrant's officers and directors, and persons who                own more                than 10% of a registered class of the registrant's equity securities,                to                file reports of ownership and changes in ownership of equity securities                of                the Registrant with the Securities and Exchange Commission. Officers,                directors and greater-than 10% shareholders are required by the Securities                and Exchange Commission regulation to furnish the registrant with                copies                of all Section 16(a) forms that they file. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Based solely upon a review of Forms 3 and 4 and amendments thereto                furnished to us during our most recent fiscal year and Forms 5 and                amendments thereto furnished to us with respect to our most recent                fiscal                year, no Section 16(a) forms were timely filed, as follows: (1) Woodstock                Investments, LLC (10% owner): one Form 3, two Forms 4 reporting one                transaction each and three Forms 5; (2) David Loflin (10% owner,                former                officer and director): one Form 3, four Forms 4 reporting one transaction                each and three Forms 5; (3) Waddell D. Loflin (former officer and                director): a Form 3, one Form 4 reporting one transaction and three                Forms                5; (4) James Kaufman (former officer and director): one Form 3, one                Form 4                reporting one transaction and one Form 5; Newlan & Newlan (former 10%                owner): one Form 3 and one Form 5; and ALL Energy Company (10% owner),                Dean E. Sukowatey (officer and director), Brian K. Gibson (officer                and                director) and Steven J. Leavitt (director): one Form                3. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 10. | Executive Compensation |
|----------|------------------------|

| The following table sets forth certain compensation information                  for:                  (i) each person who served as the chief executive officer of ALL                  Fuels                  & Energy Company at any time during the year ended December 31, 2006,                  2005 and 2004, regardless of compensation level, and (ii) each                  of our                  other executive officers, other than the chief executive officer,                  serving                  as an executive officer at any time during 2006, 2005 and 2004.                  The                  foregoing persons are collectively referred to herein as the “named                  executive officers”. Compensation information is shown for the years ended                  December 31, 2006, 2005 and 2004. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Summary Compensation Table |
|----------------------------|

| Name and Principal Position | Year | Salary($) | Bonus($) | Stock Awards($) | Option Awards($) | Non-Equity Incentive Plan Compensation($) | Nonqualified Deferred Compensation Earnings($) | All Other Compensation ($) | Total($) |
|-----------------------------|------|-----------|----------|-----------------|------------------|-------------------------------------------|------------------------------------------------|----------------------------|----------|

| David Loflin | 2006 | --- | --- | 76,500 | --- | --- | --- | --- | 76,500 |
|--------------|------|-----|-----|--------|-----|-----|-----|-----|--------|

| President and Acting Chief Financial Officer | 2005 | --- | --- | --- | --- | --- | --- | --- | --- |
|----------------------------------------------|------|-----|-----|-----|-----|-----|-----|-----|-----|

|   | 2004 | --- | --- | --- | --- | --- | --- | --- | --- |
|--------|------|-----|-----|-----|-----|-----|-----|-----|-----|

|   |
|--------|

| Waddell D. Loflin | 2006 | --- | --- | 4,000 | --- | --- | --- | --- | 4,000 |
|-------------------|------|-----|-----|-------|-----|-----|-----|-----|-------|

| Executive Vice President and Secretary | 2005 | --- | --- | --- | --- | --- | --- | --- | --- |
|----------------------------------------|------|-----|-----|-----|-----|-----|-----|-----|-----|

|   | 2004 | --- | --- | --- | --- | --- | --- | --- | --- |
|--------|------|-----|-----|-----|-----|-----|-----|-----|-----|

|   |
|--------|

| James Kaufman | 2006 | --- | --- | --- | --- | --- | --- | --- | --- |
|---------------|------|-----|-----|-----|-----|-----|-----|-----|-----|

| President | 2005 | --- | --- | --- | --- | --- | --- | --- | --- |
|-----------|------|-----|-----|-----|-----|-----|-----|-----|-----|

|   | 2004 | --- | --- | --- | --- | --- | --- | --- | --- |
|--------|------|-----|-----|-----|-----|-----|-----|-----|-----|

| Employment Contracts and Termination of Employment and                Change-in-Control Agreements |
|----------------------------------------------------------------------------------------------------|

| We have not entered into any employment agreement with either                of our                officers. However, ALL Energy Company has entered into an employment                agreement with Dean Sukowatey, who is our current president. Mr.                Sukowatey’s employment agreement has a term of seven years, ending in                August 2013. Mr. Sukowatey’s annual salary is $240,000. In connection with                his employment agreement, Mr. Sukowatey executed an indemnity agreement,                a                confidentiality agreement and an agreement not to                compete. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| We have no compensatory plan or arrangement that results or will                result from the resignation, retirement or any other termination                of an                executive officer’s employment or from a change in control or a change in                an executive officer’s responsibilities following a change in                control. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Outstanding Option Awards at Year End |
|---------------------------------------|

| The following table provides certain information regarding                  unexercised options to purchase common stock, stock options that                  have not                  vested and equity-incentive plan awards outstanding at December                  31, 2006,                  for each named executive officer. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Outstanding Equity Awards at Fiscal                Year-End |
|-------------------------------------------------------------|

|   | Option Awards | Stock Awards |
|--------|---------------|--------------|

| Name | Number of Securities Underlying Unexercised Options (#)                  Exercisable | Number of Securities Underlying Unexercised Options (#)                  Unex-ercisable | Equity Incentive Plan Awards: Number of Securities Underlying                  Unexercised Unearned Options (#) | Option Exercise Price | Option Expiration Date | Number of Shares or Units of Stock That Have Not Vested (#) | Market Value of Shares or Units of Stock That Have Not Vested                  ($) | Equity Incentive Plan Awards: Number of Unearned Shares, Units                  or                  Other Rights That Have Not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned                  Shares, Units or Other Rights That Have Not Vested                  ($) |
|------|--------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|-----------------------|------------------------|-------------------------------------------------------------|------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| David Loflin | --- | --- | --- | --- | n/a | --- | n/a | --- | --- |
|--------------|-----|-----|-----|-----|-----|-----|-----|-----|-----|

| Waddell D. Loflin | --- | --- | --- | --- | n/a | --- | n/a | --- | --- |
|-------------------|-----|-----|-----|-----|-----|-----|-----|-----|-----|

| James Kaufman | --- | --- | --- | --- | n/a | --- | n/a | --- | --- |
|---------------|-----|-----|-----|-----|-----|-----|-----|-----|-----|

| Director Compensation |
|-----------------------|

| The following table sets forth the compensation paid to our                  directors                  for our fiscal years ended December 31, 2006, 2005 and                  2004. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Director Compensation |
|-----------------------|

| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) | Total ($) |
|------|---------------------------------|------------------|-------------------|--------------------------------------------|-------------------------------------------------|----------------------------|-----------|

| David Loflin | --- | --- | --- | --- | --- | --- | --- |
|--------------|-----|-----|-----|-----|-----|-----|-----|

| Waddell D. Loflin | --- | --- | --- | --- | --- | --- | --- |
|-------------------|-----|-----|-----|-----|-----|-----|-----|

| James Kaufman | --- | --- | --- | --- | --- | --- | --- |
|---------------|-----|-----|-----|-----|-----|-----|-----|

|   |
|--------|

| Item 11. | Security Ownership of Certain Beneficial Owners and Management                and                Related Stockholder Matters |
|----------|------------------------------------------------------------------------------------------------------------------------------|

| The following tables set forth, as of the dates indicated,                  information regarding beneficial ownership of our capital stock                  by (i)                  each person, or group of affiliated persons, known by us to be                  the                  beneficial owner of more than five percent of any class of our                  voting                  securities; (ii) each of our directors; (iii) each of the named                  executive                  officers; and (iv) all directors and executive officers as a group.                  Beneficial ownership is determined in accordance with the rules                  of the                  SEC, based on voting or investment power with respect to the securities.                  In computing the number of shares beneficially owned by a person                  and the                  percentage ownership of that person, shares of common stock underlying                  warrants held by that person are deemed to be outstanding if the                  warrants                  are exercisable within 60 days of the date                  hereof. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| All percentages in the following table are based on a total                  of                  8,210,754 shares of common stock outstanding on January 22, 2007,                  the date                  of the change-in-control transaction. Except as indicated in the                  footnotes                  below, we believe, based on information furnished to us, that the                  persons                  and entities named in the table below have sole voting and investment                  power with respect to all shares of common stock shown as beneficially                  owned by them. Unless otherwise indicated, the address for each                  of the                  shareholders in the table below is c/o ALL Fuels & Energy Company,                  6165 N.W. 86th Street, Johnston, Iowa                  50131. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Beneficially Owned |   |
|--------|--------------------|--------|

| Name and Address of Beneficial Owner |   | Shares |   | Percent(1) |   |
|--------------------------------------|--------|--------|--------|------------|--------|

| Dean E. Sukowatey |   | -0- |   | -0- |   |
|-------------------|--------|-----|--------|-----|--------|

| Brian K. Gibson |   | -0- |   | -0- |   |
|-----------------|--------|-----|--------|-----|--------|

| Steven J. Leavitt |   | -0- |   | -0- |   |
|-------------------|--------|-----|--------|-----|--------|

| ALL Energy Company |   | 4,700,000 |   |  57.24% |   |
|--------------------|--------|-----------|--------|--------------|--------|

| David Loflin (1) |   | 1,000,000 |   | 12.18% |   |
|------------------|--------|-----------|--------|--------|--------|

| Newlan & Newlan (2) |   | 699,000 |   | 8.51% |   |
|-------------------------|--------|---------|--------|-------|--------|

| All executive officers and directors as a group (3 persons) |   | -0- |   | -0- |   |
|-------------------------------------------------------------|--------|-----|--------|-----|--------|

| * | Less than 1% |
|---|--------------|

| (1) | Mr. Loflin’s address is 8733 Siegen Lane, Suite 309, Baton Rouge,                Louisiana 70810. |
|-----|---------------------------------------------------------------------------------------------------------|

| (2) | This law firm’s address is 2652 F.M. 407, Suite 230, Bartonville,                Texas 76226. L. A. Newlan, Jr. and Eric Newlan are the partners in                the law                firm of Newlan & Newlan, our legal                counsel. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| All percentages in the following table are based on a total                  of                  33,540,754 shares of common stock outstanding as if the date hereof.                  Except as indicated in the footnotes below, we believe, based on                  information furnished to us, that the persons and entities named                  in the                  table below have sole voting and investment power with respect                  to all                  shares of common stock shown as beneficially owned by them. Unless                  otherwise indicated, the address for each of the shareholders in                  the table                  below is c/o ALL Fuels & Energy Company, 6165 N.W. 86th Street,                  Johnston, Iowa 50131. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Beneficially Owned |   |
|--------|--------------------|--------|

| Name and Address of Beneficial Owner |   | Shares |   | Percent(1) |   |
|--------------------------------------|--------|--------|--------|------------|--------|

| Dean E. Sukowatey |   | 6,343,689 |   | 18.91% |   |
|-------------------|--------|-----------|--------|--------|--------|

| Brian K. Gibson |   | 62,987 |   |  * |   |
|-----------------|--------|--------|--------|---------|--------|

| Steven J. Leavitt |   | 62,987 |   |  * |   |
|-------------------|--------|--------|--------|---------|--------|

| ALL Energy Company(2) |   | 4,700,000 |   | 14.01% |   |
|-----------------------|--------|-----------|--------|--------|--------|

| Sun Bear, LLC(3) |   | 5,479,872 |   | 16.34% |   |
|------------------|--------|-----------|--------|--------|--------|

| Heistand Farm Holdings, LLC(4) |   | 1,889,611 |   | 5.63% |   |
|--------------------------------|--------|-----------|--------|-------|--------|

| Richard B. Altorfer(5) |   | 1,889,611 |   | 5.63% |   |
|------------------------|--------|-----------|--------|-------|--------|

| James R. Broghammer(6) |   | 1,799,628 |   | 5.36% |   |
|------------------------|--------|-----------|--------|-------|--------|

| Scott D. Zabler(7) |   | 1,799,628 |   | 5.36% |   |
|--------------------|--------|-----------|--------|-------|--------|

| All executive officers, directors and founders, including ALL                Energy                Company, as a group (5) persons) |   | 20,248,791 |   | 60.37% |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------|--------|--------|

| * | Less than 1% |
|---|--------------|

| (1) | Based on 33,540,754 shares of our common stock outstanding, which                number of shares assumes the completion of the acquisition of ALL                Energy                Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Following the completion of our acquisition of ALL Energy Company,                ALL Energy Company will be one of our subsidiaries and will continue                to                own 4,700,000 shares of our common stock. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Sun Bear, LLC’s address is 2735 Villa Creek, Suite 175, Dallas, Texas                75234. Scott B. Gann is the owner of this entity and possesses voting                and                investment control of the shares owned by it. Sun Bear, LLC is a                founder                of ALL Energy Company. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Heistand Farm Holdings, LLC’s address is 514 Walker Street, Woodbine,                Iowa 51579. Todd Heistand is an owner of this entity and possesses                voting                and investment control of the shares owned by                it. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Mr. Altorfer’s address is 221 Forest Drive S.E., Cedar Rapids, Iowa                52403. |
|-----|-------------------------------------------------------------------------------------------------|

| (6) | Mr. Broghammer’s address is 510 Tory Lane, Marion, Iowa 52302. Mr.                Broghammer may be deemed to be a founder of ALL Energy                Company. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Mr. Zabler’s address is 902 Lake Ridge Drive, Cedar Falls, IA 50613.                Mr. Zabler may be deemed to be a founder of ALL Energy                Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 12. | Certain Relationships and Related Transactions, and Director                Independence. |
|----------|-------------------------------------------------------------------------------------------|

| 2007 |
|------|

| Change-in-Control Transaction. In January 2007, there occurred                  a                  change in control of ALL Fuels & Energy Company. Pursuant to a stock                  purchase agreement, ALL Energy Company, a Delaware corporation,                  purchased                  4,700,000 shares, or 57.24%, of our then-outstanding common stock                  from                  David Loflin. ALL Energy Company paid $150,000 for the 4,700,000                  shares of                  our common stock, which funds were derived from ALL Energy Company’s                  working capital. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Reorganization Agreement. On April 9, 2007, we completed the                  acquisition of 100% of the outstanding capital stock of ALL Energy                  Company, a Delaware corporation. Pursuant to the acquisition agreement,                  we                  issued a total of 25,330,000 shares of our common stock to the                  ALL Energy                  Company shareholders. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Currently, our officers, directors and ALL Energy Company own                  approximately 60.37% of our outstanding common stock, as follows:                  ALL                  Energy Company owns 4,700,000 shares, Dean E. Sukowatey owns 6,343,689                  shares, Brian K. Gibson owns 62,987 shares and Steven J. Leavitt                  owns                  62,987 shares.. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In determining the number of shares of our common stock to                  be issued                  under the acquisition agreement, our board of directors did not                  employ any                  standard valuation formula or any other standard measure of                  value. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Retention Bonus. In January 2007, our former president, David                Loflin,                was issued 2,000,000 shares our common stock, as a retention bonus                for his                agreeing to work as much as necessary for us to have the greatest                opportunity to achieve success in establishing and expanding our                start-up                web page publishing business. Our board of directors believed it                to be in                our best interests and those of our shareholders to compensate Mr.                Loflin                in this matter. These shares were valued, for financial reporting                purposes, at $.04 per share, or $80,000, in the                aggregate. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company - Stock Bonuses. In connection with their                becoming                members of the board of directors of ALL Energy Company, each of                Brian K.                Gibson and Steven J. Leavitt were issued 5,000 shares of ALL Energy                Company’s common stock, as a bonus. These bonus shares were valued by ALL                Energy Company at $3.00 per share, or $30,000, in the                aggregate. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2006 |
|------|

| Retention Bonuses. In September 2006, our former president, David                Loflin, was issued 2,250,000 shares of our common stock, as a bonus                for                his having served as our president without compensation for a period                of in                excess of two years. These shares were valued, for financial reporting                purposes, at $.034 per share, or $76,500, in the aggregate. In November                2006, our former vice president, Waddell D. Loflin, was issued 100,000                shares of our common stock, as a bonus for his having served as our                vice                president without compensation for a period of in excess of two years.                These shares were valued, for financial reporting purposes, at $.04                per                share, or $4,000, in the aggregate. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Purchase of Intangible Assets - Web Page Publishing. In November                2006, we entered into, and consummated, three separate asset purchase                agreements, each of which relates to our acquiring certain web site                domains and Internet web pages associated therewith from their owners.                We                issued shares of our common stock in consideration of the web site                domains                and web pages associated therewith, as more particularly described                below. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| A. | We entered into one of the asset purchase agreements with James                Kaufman, our former president. We issued 600,000 shares of our common                stock to Mr. Kaufman, in consideration of 53 web site domains and                Internet                web pages associated therewith. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| B. | We entered into one of the asset purchase agreements with Tommy                Loflin. Mr. Loflin is the adult son of our then-CEO, David Loflin.                We                issued 200,000 shares of our common stock to Mr. Loflin, in consideration                of 32 web site domains and Internet web pages associated                therewith. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| C. | We entered into one of the asset purchase agreements with David                Loflin, our former CEO and a former director. We issued 500,000 shares                of                our common stock to Mr. Lolfin, in consideration of 35 web site domains                and Internet web pages associated                therewith. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| As described elsewhere herein, these web site domains and Internet                web pages associated therewith have been assigned to our subsidiary,                Venus                Associates, Inc., due to our determination to become a participant                in the                ethanol industry. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Our board of directors authorized the acquisition of these web                site                domains and Internet web pages associated therewith, following its                determination that our company commence a new business that would                have us                developing and acquiring numerous web site domains and Internet web                pages                therefor. None of the web site domains nor any of the web pages associated                therewith has ever been the part of a going business. In determining                the                number of shares of our common stock to be issued under the three                separate                asset purchase agreements, our board of directors did not employ                any                standard valuation formula or any other standard measure of                value. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company - Pre-incorporation and Subscription Agreement.                The founders of ALL Energy Company, Dean Sukowatey and Sun Bear,                LLC, a                Texas limited liability company, entered into a pre-incorporation                agreement and subscription. Under this agreement, each of these founders                purchased all of their common stock of ALL Energy Company for nominal                consideration. Further, this agreement requires that the shares of                ALL                Energy Company issued thereunder to Mr. Sukowatey and Sun Bear vote                for                Mr. Sukowatey as a director of ALL Energy, until such time they own                together less than 50% of our outstanding common stock, which provision                is                no longer of any effect. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company - Employment Agreement. ALL Energy Company                has                entered into an employment agreement with Dean Sukowatey, who is                our                current president. Mr. Sukowatey’s employment agreement has a term of                seven years, ending in August 2013. Mr. Sukowatey’s annual salary is                $240,000. In connection with his employment agreement, Mr. Sukowatey                executed an indemnity agreement, a confidentiality agreement and                an                agreement not to compete. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ALL Energy Company - Stock Subscription Agreement. In September                2006,                ALL Energy Company entered into a stock subscription agreement with                certain persons (and an affiliated entity) who had been integrally                involved in the pre-incorporation activities of ALL Energy Company.                The                following describes the important provisions of this stock subscription                agreement: |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | the other parties to the stock subscription agreement were Dean                Sukowatey, acting in his individual capacity, R.L. Bibb Swain, Rob                Swain,                James R. Broghammer, Scott D. Zabler, John F. Hopkins, Jr. and Midwest                Biofuels, Inc., a company owned by Mr.                Broghammer; |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Mr. Bibb Swain, as the owner of Delta-T Corporation, agreed to                cause                Delta-T to negotiate, in good faith, a development agreement relating                to                the construction of five (5) ethanol production facilities, which                agreement is to be on terms and conditions substantially the same                as the                terms and conditions contained in extant ethanol-related development                agreements between Delta-T and unaffiliated third-parties (ALL Energy                Company and Delta-T have entered into such a project development                agreement); |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Mr. Rob Swain and Mr. Bibb Swain, as the majority owners of                Pacesetter Management Group, LLC, agreed to cause Delta-T to negotiate,                in                good faith, a management agreement relating to the management of                five                ethanol production facilities, which agreement is to be on terms                and                conditions substantially the same as the terms and conditions contained                in                extant ethanol-related management agreements between Pacesetter and                unaffiliated third-parties (the parties have not yet entered into                this                management agreement); |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Mr. Sukowatey agreed to tender for cancellation 10.5% of the                shares                of ALL Energy Company common stock then-owned by him (the shares                of Mr.                Sukowatey were cancelled); |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Midwest Biofuels, Inc. agreed to assign its option to acquire                approximately 150 acres of land located in Manchester, Iowa, on which                the                Manchester facility is to be constructed, in consideration of $10,000                (this option was delivered and the subject land purchased by a subsidiary                of ALL Energy Company in March 2007); |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Upon the execution of each of the agreements with Delta-T and                Pacesetter, each of Messrs, Swain, Swain, Broghammer, Zabler and                Hopkins                shall have the right, but not the obligation, to purchase 142,857                shares                of ALL Energy Company common stock, for a cash consideration of $143.00;                and |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Each of Messrs. Swain, Swain, Broghammer, Zabler and Hopkins                agreed                to be bound by the terms and conditions of certain provisions of                the                pre-incorporation agreement and subscription described above, which                provisions include an obligation to vote for Mr. Sukowatey as a director                of ALL Energy Company, until such time as the founders of ALL Energy                Company, including Messrs. Swain, Swain, Broghammer, Zabler and Hopkins,                own less than 50% of the outstanding common stock of ALL Energy Company,                which provision is no longer of any                effect. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Should each of Messrs. Swain, Swain, Broghammer, Zabler and Hopkins                purchase 142,857 shares of ALL Energy Company, assuming the completion                of                the acquisition of ALL Energy Company, our ownership of ALL Energy                Company                would be reduced to approximately 74%, without ALL Energy Company’s having                received any significant value for the 26% ownership so purchased.                It is                likely that the purchases, if they occur, of this 26% ownership in                ALL                Energy Company would result in a significant one-time charge against                our                then-current earnings. The amount of any such charge against our                earnings                cannot be accurately predicted. Please see “Risk Factors” under “Item 1.                Description of Business”. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2004 |
|------|

| In June 2004, there occurred a change in control of ALL Fuels&                  Energy Company (then known as ICrystal, Inc.) Pursuant to an amended                  and                  restated stock purchase agreement, Woodstock Investments, LLC,                  a Louisiana                  limited liability company, purchased 602,588 shares (as adjusted                  for a                  subsequent 1-for-17 reverse split), or 51.91%, of our then-outstanding                  common stock from existing shareholders. In connection with this                  change in                  control, David Loflin and Waddell D. Loflin became our directors.                  Messrs.                  Loflin are brothers. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Director and Officer Indemnification |
|--------------------------------------|

| Our amended and restated certificate of incorporation contains                provisions limiting liability of directors. In addition, we have                entered                into agreements to indemnify our directors and officers to the fullest                extent permitted under Delaware law. Please see “Item 9. Directors,                Executive Officers, Promoters and Control Persons; Compliance with                Section                16(a) of the Exchange Act”. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 13. | Exhibits and Reports on Form 8-K |
|----------|----------------------------------|

| (a)(1) Financial Statements |
|-----------------------------|

|   | Index to Financial Statements of ALL Fuels & Energy                Company. |
|--------|---------------------------------------------------------------------------------|

| - | Report of Independent Registered Public Accounting                Firm |
|---|------------------------------------------------------------------------|

| - | Balance Sheet as of December 31, 2006 |
|---|---------------------------------------|

| - | Statements of Operations for the Years Ended December 31, 2006                and                2005, and the Period from Commencement of Development Stage (June                7, 2004)                to December 31, 2006 |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Statements of Stockholders’ Equity for the Years Ended December 31,                2006 and 2005, and the Period fromCommencement of Development Stage (June 7, 2004) to December                31,                2006 |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Statements of Cash Flows for the Years Ended December 31, 2006                and                2005, and the Period from Commencement of Development Stage (June                7, 2004)                to December 31, 2006 |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Notes to Financial Statements |
|---|-------------------------------|

| (a)(2) Exhibits |
|-----------------|

| Exhibit No. |   | Description |
|-------------|--------|-------------|

| 2.1 **** |   | Plan and Agreement of Reorganization between ICrystal, Inc. and                the                shareholders of ALL Energy Company, a Delaware                corporation. |
|----------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 ** |   | Asset Purchase Agreement, dated November 27, 2006, between ICrystal,                Inc. and James Kaufman. |
|---------|--------|-------------------------------------------------------------------------------------------------------------|

| 10.2 ** |   | Asset Purchase Agreement, dated November 27, 2006, between ICrystal,                Inc. and Tommy Loflin. |
|---------|--------|------------------------------------------------------------------------------------------------------------|

| 10.3 ** |   | Asset Purchase Agreement, dated November 27, 2006, between ICrystal,                Inc. and David Loflin. |
|---------|--------|------------------------------------------------------------------------------------------------------------|

| 10.4 ** |   | Consulting Agreement, dated November 27, 2006, between ICrystal,                Inc.                and Victor Nostas. |
|---------|--------|------------------------------------------------------------------------------------------------------------------------|

| 10.5 ***** |   | Legal Services Agreement, dated November 27, 2006, between ICrystal,                Inc. and Newlan & Newlan. |
|------------|--------|-------------------------------------------------------------------------------------------------------------------|

| 10.6 ***** |   | Pre-incorporation and Subscription, dated August 16, 2006, between                Dean E. Sukowatey and Scott B. Gann. |
|------------|--------|------------------------------------------------------------------------------------------------------------------------|

| 10.7 ***** |   | Stock Subscription Agreement, dated September 5, 2006, among                All                Energy Company, Dean Sukowatey, R.L. Bibb Swain, Rob Swain, James                R.                Broghammer, Scott D. Zabler, John F. Hopkins, Jr. and Midwest Biofuels,                Inc. |
|------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8 ***** |   | Project Development Agreement, dated November 6, 2006, between                ALL                Energy Company and Delta-T Corporation. |
|------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 ***** |   | Employment Agreement, dated August 18, 2006, between ALL Energy                Company and Dean E. Sukowatey |
|------------|--------|--------------------------------------------------------------------------------------------------------------|

| 10.10 ***** |   | Letter of Intent, dated as of March 1, 2007, between ALL Energy                Company and ACE Ethanol, LLC. |
|-------------|--------|--------------------------------------------------------------------------------------------------------------|

| 31.1 * |   | Certification of Chief Executive Officer required by Rule 13a-14(a)                or Rule 15d-14(b). |
|--------|--------|-------------------------------------------------------------------------------------------------------|

| 31.2 * |   | Certification of Chief Financial Officer required by Rule 13a-14(a)                or Rule 15d-14(b). |
|--------|--------|-------------------------------------------------------------------------------------------------------|

| 32.1 * |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C.                Section 1350 enacted by Section 906 of the Sarbanes-Oxley Act of                2002. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 * |   | Certification of Chief Financial Officer Pursuant to 18 U.S.C.                Section 1350 enacted by Section 906 of the Sarbanes-Oxley Act of                2002. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 99.1 *** |   | Stock Purchase Agreement, dated as of January 19, 2007, between                ALL                Energy Company and David Loflin. |
|----------|--------|------------------------------------------------------------------------------------------------------------------------------------|

| * Filed herewith. |
|-------------------|

| ** Incorporated by reference to ALL Fuels & Energy Company’s                Current Report on Form 8-K filed on December 1,                2006. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *** Incorporated by reference to the ALL Fuels & Energy Company’s                Current Report on Form 8-K filed on January 23,                2007. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **** Incorporated by reference to the ALL Fuels & Energy                Company’s Current Report on Form 8-K filed on February 2,                2007. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ***** Incorporated by reference to the ALL Fuels & Energy                Company’s Annual Report on Form 10-KSB for the year ended December 31,                2004, filed on March 21, 2007. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) Reports on Form 8-K |
|-------------------------|

| During the three months ended December 31, 2006, we file one                Current                Report on Form 8-K: date of event: September 21,                2006. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Subsequent to December 31, 2006, we have filed the following                  Current                  Reports on Form 8-K: date of event: January 19, 2007; date of event:                  January 29, 2007; date of event: February 14, 2007; date of event:                  April                  9, 2007; date of event: May 2, 2007; and date of event: May 3,                  2007. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 14. | Principal Accountant Fees and                Services |
|----------|-------------------------------------------------------|

| The following table sets forth fees billed to us by our auditors                during the fiscal years ended December 31, 2006 and 2005, for: (i)                services rendered for the audit of our annual financial statements                and the                review of our quarterly financial statements, (ii) services by our                auditors that are reasonably related to the performance of the audit                or                review of our financial statements and that are not reported as Audit                Fees, (iii) services rendered in connection with tax compliance,                tax                advice and tax planning and (iv) all other fees for services                rendered. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | Year EndedDecember 31, 2006 |   | Year EndedDecember 31, 2005 |   |
|--------|--------|--------|-----------------------------|--------|-----------------------------|--------|

|   | Audit fees |   | $0 |   | $0 |   |
|--------|------------|--------|----|--------|----|--------|

|   | Audit related fees |   | $0 |   | $0 |   |
|--------|--------------------|--------|----|--------|----|--------|

|   | Tax |   | $0 |   | $0 |   |
|--------|-----|--------|----|--------|----|--------|

|   | All other fees |   | $0 |   | $0 |   |
|--------|----------------|--------|----|--------|----|--------|

|   |
|--------|

| SIGNATURES |
|------------|

| In accordance with Section 13 or 15(d) of the Exchange Act, the                Registrant caused this report to be signed on its behalf by the                undersigned, thereunto duly authorized. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ALL FUELS & ENERGY COMPANY |
|--------|--------------------------------|

|   |
|--------|

|   | By: | /s/ Dean E. Sukowatey |   |
|--------|-----|-----------------------|--------|

|   | Dean E. Sukowatey, President |   |
|--------|------------------------------|--------|

| Pursuant to the requirements of the Securities Act of 1933, as                amended, this Annual Report on Form 10-KSB/A has been signed by the                following persons in the capacities and on the dates                included: |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  |   |                                                                                                                                 |   |        |
|-----------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|
| /s/ Dean E. Sukowatey |   |                                                                                                                                 |   | May 7, 2007 |
| Dean E. Sukowatey     |   | President (principal executive officer), Acting Chief Accounting                  Officer (principal financial officer) and Director |   |        |

|   |
|--------|

| /s/ Brian K. Gibson |   |                   |   | May 7, 2007 |
|---------------------|--------|------------------------|--------|-------------|
| Brian K. Gibson     |   | Treasurer and Director |   |        |

|   |
|--------|

| /s/ Steven J. Leavitt |   |     |   | May 7, 2007 |
|-----------------------|--------|----------|--------|-------------|
| Steven J. Leavitt     |   | Director |   |        |

|   |
|--------|

| Supplemental Information to be Furnished With Reports Filed Pursuant                to Section 15(d) of the Exchange Act by Non-reporting                Issuers. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| As of the date of this Annual Report on Form 10-KSB, no annual                report                or proxy material has been sent to security holders of ALL Fuels&                Energy Company. It is anticipated that an annual report and proxy                material                will be furnished to security holders subsequent to the filing of                this                Annual Report on Form 10-KSB/A. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

| INDEX TO FINANCIAL STATEMENTS OF ICRYSTAL,                INC. |
|----------------------------------------------------------------|

|   |   | Page |
|--------|--------|------|

|   | Report of Independent Registered Public Accounting Firm | F-2 |
|--------|---------------------------------------------------------|-----|

|   | Independent Auditors’ Report | F-3 |
|--------|------------------------------------|-----|

|   | Balance Sheet as of December 31, 2006 | F-4 |
|--------|---------------------------------------|-----|

|   | Statements of Operations for the Years Ended December 31, 2006                and                2005, and the Period from Commencement of Development Stage (June                7, 2004)                to December 31, 2006 | F-5 |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|

|   | Statements of Stockholders’ Equity for the Years Ended December 31,                2006 and 2005, and the Period from Commencement of Development Stage                (June                7, 2004) to December 31, 2006 | F-6 |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|

|   | Statements of Cash Flows for the Years Ended December 31, 2006                and                2005, and the Period from Commencement of Development Stage (June                7, 2004)                to December 31, 2006 | F-7 |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----|

|   | Notes to Financial Statements | F-9 |
|--------|-------------------------------|-----|

|         |
|--------------|
| <PAGE> |
|         |

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING                FIRM |
|------------------------------------------------------------------------|

|   |
|--------|

| To Board of Directors and                Shareholders |
|-------------------------------------------------------|

| ICrystal, Inc. |
|----------------|

|   |
|--------|

| We have audited the accompanying balance sheet of ICrystal, Inc.,                (a                development stage company) as of December 31, 2006, and the related                statements of operations, shareholders' deficit and cash flows for                the                years ended December 31, 2006 and 2005 and from the date of commencement                of the development stage (June 7, 2004) to December 31, 2006. These                financial statements are the responsibility of the Company’s management.                Our responsibility is to express an opinion on these financial statements                based on our audits. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| We conducted our audits in accordance with the standards of the                Public Company Accounting Oversight Board (United States). Those                standards                require that we plan and perform the audit to obtain reasonable assurance                about whether the financial statements are free of material misstatement.                The Company is not required to have, nor were we engaged to perform,                an                audit of its internal control over financial reporting. Our audit                included                consideration of internal control over financial reporting as a basis                for                designing audit procedures that are appropriate in the circumstances,                but                not for the purpose of expressing an opinion on the effectiveness                of the                Company’s internal control over financial reporting. Accordingly, we                express no such opinion. An audit includes examining, on a test basis,                evidence supporting the amounts and disclosures in the financial                statements. An audit also includes assessing the accounting principles                used and significant estimates made by management, as well as evaluating                the overall financial statement presentation. We believe that our                audits                provide a reasonable basis for our                opinion. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In our opinion, the financial statements referred to above present                fairly, in all material respects, the financial position of ICrystal,                Inc.                (a development stage company) as of December 31, 2006 and the results                of                its operations and changes in cash flows for the years ended December                31,                2006 and 2005 and the period from the date of commencement of the                development stage (June 7, 2004) to December 31, 2006 in conformity                with                U.S. generally accepted accounting                principles. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The accompanying financial statements have been prepared assuming                that the Company will continue as a going concern. As discussed in                Note 1                to the financial statements, the Company has no operating assets                or                revenues, and is dependent upon the financial support of its shareholders.                These matters raise substantial doubt about the Company’s ability to                continue as a going concern. Management's plans in regard to these                matters                are also discussed in Note 1. These financial statements do not include                any adjustments that might result from this                uncertainty. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| /s/ Farmer, Fuqua & Huff, P.C. |
|------------------------------------|

| FARMER, FUQUA & HUFF, P.C. |
|--------------------------------|

| Plano, Texas |
|--------------|

| March 16, 2007 |
|----------------|

|         |
|--------------|
| <PAGE> |
|         |

|   | ICRYSTAL, INC. |   |
|--------|----------------|--------|

|   | (a development stage company) |   |
|--------|-------------------------------|--------|

|   |
|--------|

|   | BALANCE SHEET |   |
|--------|---------------|--------|

|   | December 31, 2006 |   |
|--------|-------------------|--------|

|   |
|--------|

| ASSETS |
|--------|

|   |   |   |
|--------|--------|--------|

|   | Total Assets | $0 |   |
|--------|--------------|----|--------|

|   |
|--------|

| LIABILITIES AND STOCKHOLDERS' DEFICIT |
|---------------------------------------|

| Liabilities |   |   |
|-------------|--------|--------|

|   | Accounts payable | $4,000 |   |
|--------|------------------|--------|--------|

| Stockholders’ deficit |   |   |
|-----------------------------|--------|--------|

|   | Preferred stock, $.01 par value; 20,000,000 shares authorized,                no                shares issued and outstanding | 0 |   |
|--------|-------------------------------------------------------------------------------------------------------------------------------|---|--------|

|   | Common stock, $.01 par value; 80,000,000 shares authorized, 6,210,754                shares issued and outstanding | 62,108 |   |
|--------|--------------------------------------------------------------------------------------------------------------------|--------|--------|

|   | Additional paid-in capital | 6,847,286 |   |
|--------|----------------------------|-----------|--------|

|   | Receivable from shareholder | (50,000) |   |
|--------|-----------------------------|----------|--------|

|   | Accumulated deficit | (6,423,944) |   |
|--------|---------------------|-------------|--------|

|   | Deficit accumulated during the development stage | (439,450) |   |
|--------|--------------------------------------------------|-----------|--------|

|   | Total Stockholders' Deficit | (4,000) |   |
|--------|-----------------------------|---------|--------|

|   | Total Liabilities and Stockholders’ Deficit | $0 |   |
|--------|---------------------------------------------------|----|--------|

|   |
|--------|

| The accompanying notes are an integral part of these                statements. |
|---------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

|   | ICRYSTAL, INC. |   |
|--------|----------------|--------|

|   | (a development stage company) |   |
|--------|-------------------------------|--------|

|   | STATEMENTS OF OPERATIONS |   |
|--------|--------------------------|--------|

|   | For the Years Ended December 31, 2006 and 2005, and the Period                fromCommencement of Development Stage (June 7, 2004) to December                31,                2006 |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   | Year Ended December 31, |   |   |
|--------|-------------------------|--------|--------|

|   | 2006 |   | 2005 |   | Period from Commencementof Development Stage (June 7,2004) to12/31/06 |
|--------|------|--------|------|--------|-----------------------------------------------------------------------|

| Revenues | $0 |   | $0 |   | $0 |
|----------|----|--------|----|--------|----|

| OPERATING COSTS AND EXPENSES |   |   |   |   |   |
|------------------------------|--------|--------|--------|--------|--------|

|   | Consulting | 2,000 |   | 0 |   | 180,000 |
|--------|------------|-------|--------|---|--------|---------|

|   | Legal and accounting | 20,000 |   | 0 |   | 126,000 |
|--------|----------------------|--------|--------|---|--------|---------|

|   | Impairment charge | 52,000 |   | 0 |   | 52,000 |
|--------|-------------------|--------|--------|---|--------|--------|

|   | General and administrative | 81,000 |   | 100 |   | 81,450 |
|--------|----------------------------|--------|--------|-----|--------|--------|

|   | Total Operating Expenses | 155,000 |   | 100 |   | 439,450 |
|--------|--------------------------|---------|--------|-----|--------|---------|

| NET LOSS | $(155,000) |   | $(100) |   | $(439,450) |
|----------|------------|--------|--------|--------|------------|

| PER SHARE DATA |   |   |   |   |   |
|----------------|--------|--------|--------|--------|--------|

| LOSS PER SHARE | $(0.05) |   | $(0.00) |   |   |
|----------------|---------|--------|---------|--------|--------|

| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (BASIC AND                DILUTED) | 3,085,754 |   | 2,010,754 |   |   |
|-------------------------------------------------------------------------------|-----------|--------|-----------|--------|--------|

| The accompanying notes are an integral part of these                statements. |
|---------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

|   | ICRYSTAL, INC. |   |
|--------|----------------|--------|

|   | (a development stage company) |   |
|--------|-------------------------------|--------|

|   | STATEMENT OF STOCKHOLDERS’ DEFICIT |   |
|--------|------------------------------------------|--------|

|   |  For the Years Ended December 31, 2006 and 2005, and the Period                fromCommencement of Development Stage (June 7, 2004) to December                31,                2006 |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   | Common Stock |   |   |   |
|--------|--------------|--------|--------|--------|

|   | Shares |   | Amount |   | Additional Paid-in Capital |   | Stockholder Receivable |   | Accumulated Deficit |   | Deficit Accumulated during Development Stage |   | Stockholder’s Deficit |   |   |
|--------|--------|--------|--------|--------|----------------------------|--------|------------------------|--------|---------------------|--------|----------------------------------------------|--------|-----------------------------|--------|--------|

| Balance, June 7, 2004 | 1,172,654 |   | 11,727 |   | 6,391,813 |   | 0 |   | (6,423,944) |   | 0 |   | (20,404) |   |   |
|-----------------------|-----------|--------|--------|--------|-----------|--------|---|--------|-------------|--------|---|--------|----------|--------|--------|

| Stock issued for services at $.51 per share | 500,000 |   | 5,000 |   | 250,000 |   | 0 |   | 0 |   | 0 |   | 255,000 |   |   |
|---------------------------------------------|---------|--------|-------|--------|---------|--------|---|--------|---|--------|---|--------|---------|--------|--------|

| Stock issued for services at $.25 per share | 100,000 |   | 1,000 |   | 24,000 |   | 0 |   | 0 |   | 0 |   | 25,000 |   |   |
|---------------------------------------------|---------|--------|-------|--------|--------|--------|---|--------|---|--------|---|--------|--------|--------|--------|

| Stock issued at $.21 per share | 238,100 |   | 2,381 |   | 47,619 |   | (50,000) |   | 0 |   | 0 |   | 0 |   |   |
|--------------------------------|---------|--------|-------|--------|--------|--------|----------|--------|---|--------|---|--------|---|--------|--------|

| Contributions from stockholders | 0 |   | 0 |   | 20,754 |   | 0 |   | 0 |   | 0 |   | 20,754 |   |   |
|---------------------------------|---|--------|---|--------|--------|--------|---|--------|---|--------|---|--------|--------|--------|--------|

| Net loss | 0 |   | 0 |   | 0 |   | 0 |   | 0 |   | (284,350) |   | (284,350) |   |   |
|----------|---|--------|---|--------|---|--------|---|--------|---|--------|-----------|--------|-----------|--------|--------|

| Balance, December 31, 2004 | 2,010,754 |   | $20,108 |   | $6,734,186 |   | $(50,000) |   | $(6,423,944) |   | $(284,350) |   | $(4,000) |   |   |
|----------------------------|-----------|--------|---------|--------|------------|--------|-----------|--------|--------------|--------|------------|--------|----------|--------|--------|

| Net loss | 0 |   | 0 |   | 0 |   | 0 |   | 0 |   | (100) |   | (100) |   |   |
|----------|---|--------|---|--------|---|--------|---|--------|---|--------|-------|--------|-------|--------|--------|

| Balance, December 31, 2005 | 2,010,754 |   | $20,108 |   | $6,734,186 |   | $(50,000) |   | $(6,423,944) |   | $(284,450) |   | $(4,100) |   |   |
|----------------------------|-----------|--------|---------|--------|------------|--------|-----------|--------|--------------|--------|------------|--------|----------|--------|--------|

| Stock issued for bonus at $.034 per share | 2,250,000 |   | 22,500 |   | 54,000 |   | 0 |   | 0 |   | 0 |   | 76,500 |   |   |
|-------------------------------------------|-----------|--------|--------|--------|--------|--------|---|--------|---|--------|---|--------|--------|--------|--------|

| Stock issued for bonus at $.04 per share | 100,000 |   | 1,000 |   | 3,000 |   | 0 |   | 0 |   | 0 |   | 4,000 |   |   |
|------------------------------------------|---------|--------|-------|--------|-------|--------|---|--------|---|--------|---|--------|-------|--------|--------|

| Stock issued for legal services at $.04 per share | 500,000 |   | 5,000 |   | 15,000 |   | 0 |   | 0 |   | 0 |   | 20,000 |   |   |
|---------------------------------------------------|---------|--------|-------|--------|--------|--------|---|--------|---|--------|---|--------|--------|--------|--------|

| Stock issued for services at $.04 per share | 50,000 |   | 500 |   | 1,500 |   | 0 |   | 0 |   | 0 |   | 2,000 |   |   |
|---------------------------------------------|--------|--------|-----|--------|-------|--------|---|--------|---|--------|---|--------|-------|--------|--------|

| Stock issued for web page assets at $.04 per share | 1,300,000 |   | 13,000 |   | 39,000 |   | 0 |   | 0 |   | 0 |   | 52,000 |   |   |
|----------------------------------------------------|-----------|--------|--------|--------|--------|--------|---|--------|---|--------|---|--------|--------|--------|--------|

| Contributions from stockholder | 0 |   | 0 |   | 600 |   | 0 |   | 0 |   | 0 |   | 600 |   |   |
|--------------------------------|---|--------|---|--------|-----|--------|---|--------|---|--------|---|--------|-----|--------|--------|

| Net loss | 0 |   | 0 |   | 0 |   | 0 |   | 0 |   | (155,000) |   | (155,000) |   |   |
|----------|---|--------|---|--------|---|--------|---|--------|---|--------|-----------|--------|-----------|--------|--------|

| Balance, December 31, 2006 | 6,210,754 |   | $62,108 |   | $6,847,286 |   | $(50,000) |   | $(6,423,944) |   | $(439,450) |   | $(4,000) |   |   |
|----------------------------|-----------|--------|---------|--------|------------|--------|-----------|--------|--------------|--------|------------|--------|----------|--------|--------|

|   |
|--------|

| The accompanying notes are an integral part of these                statements. |
|---------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

|   | ICRYSTAL, INC. |   |
|--------|----------------|--------|

|   | (a development stage company) |   |
|--------|-------------------------------|--------|

|   | STATEMENTS OF CASH FLOWS |   |
|--------|--------------------------|--------|

|   | For the Years Ended December 31, 2006 and 2005, and the Period                fromCommencement of Development Stage (June 7, 2004) to December                31,                2006 |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   | Year Ended December 31, |   |   |
|--------|-------------------------|--------|--------|

|   | 2006 |   | 2005 |   | Period from Commencementof Development Stage (June 7,2004) to12/31/06 |
|--------|------|--------|------|--------|-----------------------------------------------------------------------|

| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |
|--------------------------------------|--------|--------|--------|--------|--------|

| Net loss | $(155,000) |   | $(100) |   | $(439,450) |
|----------|------------|--------|--------|--------|------------|

|   | Adjustments to reconcile net income (loss) to cash used in operating                activities: |   |   |   |   |   |
|--------|-------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|

|   | Stock issued for services | 102,500 |   | 0 |   | 382,500 |
|--------|---------------------------|---------|--------|---|--------|---------|

|   | Impairment charge | 52,000 |   | 0 |   | 52,000 |
|--------|-------------------|--------|--------|---|--------|--------|

|   | Increase (decrease) in accounts payable | (100) |   | 100 |   | 4,000 |
|--------|-----------------------------------------|-------|--------|-----|--------|-------|

| Net cash used in operating activities | (600) |   | 0 |   | (950) |
|---------------------------------------|-------|--------|---|--------|-------|

|   |
|--------|

| CASH FLOWS FROM FINANCING ACTIVITIES |   |   |   |   |   |
|--------------------------------------|--------|--------|--------|--------|--------|

|   | Principal payments on related party advances | 0 |   | 0 |   | (3,988) |
|--------|----------------------------------------------|---|--------|---|--------|---------|

|   | Contributions from shareholders | 600 |   | 0 |   | 950 |
|--------|---------------------------------|-----|--------|---|--------|-----|

| Net cash provided by financing activities | 600 |   | 0 |   | 3,038 |
|-------------------------------------------|-----|--------|---|--------|-------|

|   |
|--------|

| NET DECREASE IN CASH | 0 |   | 0 |   | (3,988) |
|----------------------|---|--------|---|--------|---------|

| Cash and cash equivalents, beginning of period | 0 |   | 0 |   | 3,988 |
|------------------------------------------------|---|--------|---|--------|-------|

| Cash, end of period | $0 |   | $0 |   | $0 |
|---------------------|----|--------|----|--------|----|

|   |
|--------|

|   | SUPPLEMENTARY INFORMATION AND NON CASH TRANSACTIONS |   |
|--------|-----------------------------------------------------|--------|

|   | The Company paid no taxes or interest during the years ended                December                31, 2006 and 2005. |
|--------|------------------------------------------------------------------------------------------------------------------------|

|   | During 2004, the Company issued a total of 600,000 shares for                services, which shares were valued at $280,000, in the                aggregate. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During 2004, the Company issued 238,100 shares for a receivable                from                shareholder in the amount of $50,000. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | During 2004, the Company transferred its remaining fixed assets                with                a book value of $12,608 in partial payment of its liabilities of                $33,012.                The remaining liabilities were eliminated through a shareholder                contribution of $20,404. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During 2006, the Company issued a total of 2,350,000 shares for                retention bonuses, which shares were valued at $80,500, in the                aggregate. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During 2006, the Company issued a total of 550,000 shares for                legal                and consulting services, which shares were valued at $22,000, in                the                aggregate. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During 2006, the Company issued a total of 1,300,000 shares for                web                pages assets, which shares were valued at $52,000, in the                aggregate. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The accompanying notes are an integral part of these                statements. |
|---------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

|   | ICRYSTAL, INC. |   |
|--------|----------------|--------|

|   | (a development stage company) |   |
|--------|-------------------------------|--------|

|   |
|--------|

|   | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |   |
|--------|--------------------------------------------|--------|

|   |
|--------|

| Note 1 | Summary of Significant Accounting                Policies |
|--------|-----------------------------------------------------------|

| Organization and Business |
|---------------------------|

| ICrystal, Inc. (the Company) was incorporated on October 5, 1994,                in                the state of Delaware as Cable Group South, Inc. In November 1998,                the                Company changed its name to Softnet Industries, Inc., in June 1999,                the                name was changed to ICrystal, Inc. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In June 2004, there occurred a change in control of the Company.                Pursuant to an amended and restated stock purchase agreement, Woodstock                Investments, LLC purchased 602,588 shares, or 51.91%, of the                then-outstanding common stock from existing shareholders. During                2004, the                Company commenced the development stage and had no                operations. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In August 2004, the Company filed an amended and restated certificate                of incorporation, increasing the amount of shares authorized to 80,000,000                shares of common stock and 20,000,000 shares of preferred                stock. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| From 2004 through November 2006, the Company searched for a going                business to acquire, without success. Due to this lack of success,                the                Company’s board of directors determined that it would be in the best                interests of the Company and its shareholders for the Company to                start a                new business. After assessing the business opportunities available                vis-a-vis the Company’s lack of available capital, in November 2006, the                board of directors determined that the Company would become a publisher                of                web pages. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In January 2007, there occurred another change in control of                the                Company. Pursuant to a stock purchase agreement, ALL Energy Company                purchased 4,700,000 shares, or 57.24%, of our outstanding common                stock                from an existing shareholder. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| After the January 2007 change in control, the Company’s new                management determined to pursue a plan of business whereby the Company                would become a producer of ethanol and its co-products. To that end,                in                January 2007, the Company entered into a plan and agreement of                reorganization with ALL Energy Company. ALL Energy Company is a                development-stage ethanol company. The consummation of the reorganization                agreement is expected to occur soon after the Company files all delinquent                periodic reports with the SEC and ALL Energy Company delivers necessary                audited financial statements from inception, August 18, 2006, through                December 31, 2006. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The Company’s web page publishing business continues and has been                assigned to a subsidiary, Venus Associates, Inc., a Nevada corporation,                which intends to change its corporate name to “Vortal 9, Inc.” Venus                Associates was acquired by the Company on January 19, 2007, from                a                shareholder for nominal consideration. At an appropriate time in                the near                future, all of the stock of Venus Associates is to be distributed,                as a                dividend, to the Company’s shareholders of record on January 19, 2007,                pursuant to an effective registration statement filed with the SEC.                Thereafter, the web page publishing business of Venus Associates                will no                longer be a part of the Company. The costs associated with the dividend                distribution of the Venus Associates stock will be borne by Venus                Associates and the Company will not provide any operating funds to                Venus                Associates at any time. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Going Concern |
|---------------|

| These financial statements have been prepared assuming that the                Company will continue as a going concern. The Company has incurred                net                losses since inception and, at December 31, 2006, the Company had                no                operating assets or revenues and a stockholders’ deficit of                $4,000. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The Company will need to obtain additional funding to continue                its                existence. Success in raising additional funding is dependent on                the                Company's ability to demonstrate that it can fulfill its future business                strategies. Should the Company need additional financing through                debt or                equity placements, there is no assurance that such financing will                be                available, or at terms acceptable to the                Company. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Management believes that it will be able to secure adequate funds                to                remain in existence. |
|-------------------------------------------------------------------------------------------------------------------------|

| Accounting Estimates |
|----------------------|

| In the preparation of Financial Statements in conformity with                accounting principles generally accepted in the United States of                America,                it is necessary for management to make estimates and assumptions                that                affect the reported amounts of assets and liabilities and disclosure                of                contingent assets and liabilities at the date of the Financial Statements                and the reported amounts of revenues and expense for the year ended.                Actual results could differ from those estimates. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Cash and Cash Equivalents |
|---------------------------|

|  For purposes of the statement of cash flows, the Company                considers all highly liquid debt instruments purchased with a maturity                of                three months or less to be cash equivalents. As of December 31, 2006                and                2005, the Company held no cash                equivalents. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Asset Impairment |
|------------------|

| Statement of Financial Accounting Standards No. 144 (“SFAS                No. 144”) requires that long-lived assets be considered impaired, if                the sum of the expected future cash flows (undiscounted and without                interest charges) is less than the carrying amount of those assets.                If                impairment exists, an impairment loss is recognized, by a charge                against                earnings, equal to the amount by which the carrying amount of the                assets                exceeds the fair value of the property. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Loss per Share |
|----------------|

| Net loss per share is provided in accordance with Statement of                Financial Accounting Standards (SFAS) No. 128 "EARNINGS PER SHARE".                Basic                loss per share for each period is computed by dividing net loss by                the                weighted average number of shares of common stock outstanding during                the                period. Diluted loss per share reflects per share amounts that would                have                resulted if dilutive common stock equivalents had been converted                to common                stock. As of December 31, 2006 and 2005, the Company had no dilutive                common stock equivalents such as stock                options. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Income Taxes |
|--------------|

| The Company accounts for income taxes using the liability method.                Deferred taxes are provided for temporary differences between the                basis of                assets and liabilities for financial reporting and income tax purposes                at                enacted tax rates. Deferred tax amounts represent the future tax                consequences of those differences, which will be either deductible                or                taxable when the assets and liabilities are recovered or settled.                Valuation allowances are established when necessary to reduce deferred                tax                assets to the amounts expected to be                realized. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  The Company is subject to tax reporting in multiple                jurisdictions, and considers the requirements of each jurisdiction,                when                preparing its estimates of taxes currently due or deferred. Each                jurisdiction has its own oversight and enforcement bodies, and the                Company                is subject to audits in each taxing jurisdiction. The Company's provision                for tax obligations represents estimates, which are subject to changes                and                adjustments resulting from future events. (See Note                2) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Stock Based Compensation |
|--------------------------|

| The Company accounts for stock based compensation in accordance                with                Statement of Financial Accounting Standards (“SFAS”) No. 123-R,                “Share-Based Payment”. This Statement requires that transactions in which                a company exchanges its equity instruments for goods or services                be                accounted for using the fair-value method. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| New Accounting Pronouncements |
|-------------------------------|

| In September 2006, the Financial Accounting Standards Board (“FASB”)                issued Statement of Financial Accounting Standards (“SFAS”) No. 157,                “Fair Value Measurements” (“SFAS 157”). SFAS 157 defines fair value,                establishes a framework for measuring fair value in accordance with                generally accepted accounting principles, and expands disclosures                about                fair value measurements. SFAS 157 is effective January 1, 2008. The                Company does not believe this statement will adversely impact its                Financial Statements. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 2 | Provision for Income Taxes |
|--------|----------------------------|

| The Company recognizes deferred tax liabilities and benefits                for the                expected future tax consequences of events that have been included                in the                financial statements or tax returns. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Deferred tax liabilities and benefits are recognized using enacted                tax rates in effect for the year in which the differences are expected                to                reverse. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Deferred tax benefits and liabilities are calculated using enacted                tax rates in Canada and the U.S. in effect for the year in which                the                differences are expected to reverse. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The following is a schedule of the composition of the income                tax                benefit: |
|---------------------------------------------------------------------------------------------------------|

|   |   | 2006 |   | 2005 |   |
|--------|--------|------|--------|------|--------|

|   | Net operating loss carryforward | $2,333,554 |   | $2,280,854 |   |
|--------|---------------------------------|------------|--------|------------|--------|

|   | Valuation | (2,333,554) |   | (2,280,854) |   |
|--------|-----------|-------------|--------|-------------|--------|

|   | Total provision for income taxes | $0 |   | $0 |   |
|--------|----------------------------------|----|--------|----|--------|

| Reconciliation of the statutory federal income tax rate to the                Company’s effective tax rate is as                follows: |
|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | December 31, |   |
|--------|--------------|--------|

|   |   | 2006 |   | 2005 |   |
|--------|--------|------|--------|------|--------|

|   | Net loss before taxes | $(155,000) |   | $(100) |   |
|--------|-----------------------|------------|--------|--------|--------|

|   | U.S. statutory rate | 34% |   | 34% |   |
|--------|---------------------|-----|--------|-----|--------|

|   | Change in deferred tax | (52,700) |   | (34) |   |
|--------|------------------------|----------|--------|------|--------|

|   | Change in deferred tax asset valuation account | 52,700 |   | 34 |   |
|--------|------------------------------------------------|--------|--------|----|--------|

|   | Total tax expense | $0 |   | $0 |   |
|--------|-------------------|----|--------|----|--------|

|   | Effective tax rate | 0.0% |   | 0.0% |   |
|--------|--------------------|------|--------|------|--------|

| The net change in the valuation account was $52,700 and $34,                in the                years ended December 31, 2006 and 2005, respectively. The valuation                allowance has been estimated in an amount equal to the projected                future                benefit of the loss carryforward because there is no assumption that                the                Company will generate sufficient income to utilize the tax benefit.                The                Company has incurred losses since its inception and has filed no                income                tax returns. The losses incurred to date may be limited due to changes                in                control of the Company and limitations on the deductibility of fees                for                services paid through the issuance of common stock. In the event                that all                returns are filed and accepted by the taxing authority, the Company                will                have unused net operating losses available for carryforwards of                approximately $6,900,000 that will start to expire in 2015 in the                United                States of America. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| As a result of not filing all income tax returns, the Company                may be                subject to assessment of penalties. As of March 16, 2007, no assessments                have been received and the likelihood of receiving such assessments                or                negotiating a settlement in the event assessments are received is                difficult to estimate. Accordingly, the Company has not provided                for any                payments that may be made if such penalties are                assessed. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 3 | 2004 Stock Ownership Plan |
|--------|---------------------------|

| In August 2004, the board of directors adopted the 2004 Stock                Ownership Plan (the “2004 Plan”), and authorized 1,470,589 shares. Under                the 2004 Plan, the Company may make awards to employees, non-employees,                directors, consultants, and independent contractors of shares of                common                stock or derivative securities such as incentives and non-qualified                stock                options. The 2004 Plan stipulates no terms or conditions for the                awards to                be granted. The value of the stock issued to consultants is based                on fair                market value of the goods or services received or stock prices obtained                from published data. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| During 2006 and 2005, no shares were issued under the 2004                Plan. |
|---------------------------------------------------------------------------------|

| During 2004, a total of 600,000 shares, with a weighted-average                fair                value of $0.47 were issued to consultants for services and a total                of                238,100 shares were sold to a consultant. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 4 | Impairment Charge |
|--------|-------------------|

| In November 2006, the Company entered into three separate asset                purchase agreements, whereby the Company acquired certain web site                domains                and internet web pages associated therewith (the “web assets”), in                exchange for 1,300,000 restricted shares of common stock. There was                no                verifiable fair value of the web assets. The company therefore recorded                these assets at the fair value of the issued shares. The fair value                of the                shares was determined to be $52,000. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Following a change in control transaction occurring in January                2007,                the Company’s web page publishing business was assigned to a subsidiary,                the stock of which will, at an appropriate time in the near future,                be                distributed, as a dividend, to the Company’s shareholders of record on                January 19, 2007. Thereafter, the web page publishing business will                no                longer be a part of the Company and the Company will not provide                any                operating funds to the web page publishing business at any time.                The web                assets have not generated any revenues to date, nor are they expected                to                generate any significant revenues in the                near-term. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Pursuant to SFAS 144, the company has determined the carrying                value                of the web assets exceeds the sum of their expected future cash flows                and                has, as of December 31, 2006, recorded an impairment charge of $52,000.                This charge, equal to the entire carrying value of the web assets,                is                reflected in the Company’s statements of                operations. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 5 | Related Party Transactions |
|--------|----------------------------|

| During 2006, the Company acquired certain web site domains and                Internet web pages associated therewith from related parties, in                exchange                for 1,300,000 restricted shares of common stock. The fair value of                these                shares was determined to be $52,000. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| During 2006, the Company also issued a total of 2,350,000 shares                of                common stock for retention bonuses to Company officers. The aggregate                fair                value of these shares was determined to be                $80,500. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 6 | Fair Value of Financial Instruments |
|--------|-------------------------------------|

| The fair value of accounts payable approximate their carrying                amounts. |
|---------------------------------------------------------------------------------------|

| Note 7 | Subsequent Events |
|--------|-------------------|

| As the Company pursued its web page publishing business, in January                2007, the Company’s management acted upon an opportunity to acquire ALL                Energy Company, a Delaware corporation, and determined that the best                interests of the shareholders would be served by acquiring ALL Energy                Company and pursuing the ethanol-related business plan of ALL Energy                Company as a combined enterprise. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In January 2007, there occurred a change in control with respect                to                the Company and new management was installed. The Company’s new management                has determined that it will pursue a plan of business whereby the                Company                would become a producer of ethanol and its co-products. To that end,                in                January 2007, the Company entered into a plan and agreement of                reorganization with ALL Energy Company, a Delaware corporation. ALL                Energy                Company is a development-stage ethanol company. The consummation                of the                reorganization agreement is expected to occur soon after the Company                files                all delinquent periodic reports with the SEC and ALL Energy Company                delivers necessary audited financial statements from inception, August                18,                2006, through December 31, 2006. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The Company’s web page publishing business continues and has been                assigned to a subsidiary, Venus Associates, Inc., a Nevada corporation,                which intends to change its corporate name to “Vortal 9, Inc.” At an                appropriate time in the near future, all of the stock of Venus Associates                is to be distributed, as a dividend, to the Company’s shareholders of                record on January 19, 2007, pursuant to an effective registration                statement filed with the SEC. Thereafter, the web page publishing                business                of Venus Associates will no longer be a part of the Company. The                costs                associated with the dividend distribution of the Venus Associates                stock                will be borne by Venus Associates and the Company will not provide                any                operating funds to Venus Associates at any                time. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In January 2007, the Company issued 2,000,000 shares of common                stock                in payment of a retention bonuses to a Company officer. The fair                value of                these shares was determined to be                $80,000. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|