Renewable fuels provider, New Generation Biofuels Holdings, Inc., announced that it has received approval to list its common stock on the NASDAQ Capital Market under the symbol “NGBF.” New Generation has notified the American Stock Exchange (AMEX) of its intention to list on the NASDAQ Capital Market and to delist its common stock from the AMEX. Trading on the NASDAQ Capital Market is expected to commence on or around September 23, 2008. New Generation’s common stock will continue to trade on the American Stock Exchange under the old symbol, GNB, until such date.

“We believe that NASDAQ’s electronic multiple market maker structure will provide us with enhanced visibility, liquidity and greater exposure to institutional investors, while at the same time providing investors with the best prices, the fastest execution and the lowest cost per trade,” said David A. Gillespie, New Generation’s President and CEO.

Established in 2006, New Generation Biofuels produces a renewable energy product that is different from traditional biofuels. Their second-generation biofuel is produced using a simple proprietary blending process that combines water, proprietary additives and vegetable oil or other feedstocks. This process is simpler, cleaner, less expensive and less energy intensive than traditional production methods and results in a biofuel that has superior technical and environmental performance at a lower cost than other first generation biofuels.