Alternative Fuel Systems announces engine controller customer in India



    CALGARY, June 22 /CNW/ - Alternative Fuel Systems (2004) Inc. ("AFS" or
the "Company") (TSX Venture: AFX) announced today that it is providing natural
gas engine controllers to Mahindra and Mahindra Ltd. ("Mahindra"), a major
manufacturer of motor vehicles in India. AFS President and CEO Jim Perry said
that, "We are very pleased that Mahindra is using our engine controllers for
their new compressed natural gas ("CNG") Maxx Maxi Truck, now in production.
In this Mahindra project, AFS and Advantek Fuel Systems Pvt. Ltd, our India
based partner, are providing natural gas fuel systems, including engine
controllers designed, programmed and built by our Company. We have been
supplying controllers for Mahindra Bolero CNG pick-ups over the last year, and
the introduction of the Maxx Maxi truck is a significant milestone. Mahindra
is very active in the fast growing CNG vehicle market, and we are continuing
to work with them and with Advantek on projects scheduled for future
production."
    Mr. Perry added that, "According to their recent press release, Mahindra
is the market leader in the 2 to 3 ton G.V.W. pick-up category with a market
share of 85% for fiscal year 2009. AFS has also seen that government agencies
in India are vigorously supporting the change from diesel vehicles to natural
gas fuelled vehicles in order to combat pollution. By working with the market
leader in this vehicle class, and with the regulatory support that is helping
the market to expand rapidly, we are well positioned to increase our
participation in the natural gas engine controller business."

    Forward-looking statements

    Certain statements in this news release including but not limited to (i)
statements that may contain words such as "anticipate", "could", "expect",
"seek", "may", "might", "intend", "will", "believe", "should", "project",
"forecast", "plan" and similar expressions, including the negatives thereof,
(ii) statements that are based on current expectations and estimates about the
markets in which the Company operates and (iii) statements of belief,
intentions and expectations about developments, results and events that will
or may occur in the future, constitute "forward-looking statements" and are
based on certain assumptions and analysis made by the Company. Forward-looking
statements in this news release specifically include, but are not limited to,
statements with respect to future business opportunities, nature and timing
thereof; business strategy; expansion and growth of the Company's business and
operations and other such matters as the case may be. Such forward-looking
statements are subject to important risks, uncertainties and assumptions which
are difficult to predict and that may affect the Company's operations,
including, but not limited to: the impact of general economic conditions;
industry conditions; customer base changes; financial market conditions;
government and regulatory developments; oil and natural gas product supply,
demand and pricing; foreign exchange rates; competition; market conditions in
the countries where the Company operates; and the Company's ability to attract
and retain qualified personnel. The Company's actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do transpire or occur, what benefits or
disadvantage the Company may derive therefrom. Except as required by
applicable securities laws, the Company undertakes no intention or obligation
to update or revise any forward-looking statements.
    All forward-looking statements contained in this document are expressly
qualified by this cautionary statement. Further information about the factors
affecting forward-looking statements is available in the Company's current
financial statements and other documents that the Company files from time to
time with securities regulatory authorities. Copies of these documents are
available without charge from the Company or electronically on the internet on
the Company's SEDAR profile at www.sedar.com.

    %SEDAR: 00020995E




For further information:

For further information: Jim Perry, President and CEO, Phone: (403)
516-6632, E-mail jperry@afsglobal.com. Visit our website at:
www.afsglobal.com

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ALTERNATIVE FUEL SYSTEMS (2004) INC.

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