Allied Energy Announces Recent Article in Micro-Cap Review

BOWLING GREEN, KY, Jul 09 (MARKET WIRE) --
Allied Energy, Inc. (PINKSHEETS: AGGI) Announces "America's Return to
Value" and Future Earnings Projections as featured in Micro-Cap Review,
2nd quarter edition. To read the entire article please follow the link
to: http://www.microcapreview.com or at http://www.AlliedEnergy.com

The Future of Energy

"One company dedicated to America's energy independence is Allied Energy,
Inc (PINKSHEETS: AGGI). Allied Energy (AEI) is a company committed to
developing domestic oil and gas resources and alternative energy. AEI has
acquired numerous properties to assure long-term growth. The company uses
leading edge geo-sciences and other technology to identify and develop
quality oil and gas properties."

"Regardless of the state of the global economy, Allied Energy continues to
grow and plan for the future," said Steve Stengell, president of AEI, in a
recent earnings release. "The company is profitable and the quality of
earnings during this tumultuous economy has improved significantly. And we
expect earnings to improve in the future."

Forward Thinking

"According to Steve Stengell, the success of AEI depends on following
through on several key areas:

-- Leverage assets to build a stronger first-class oil and gas company;
-- Identify and develop significant reserves through exploration
efforts;
-- Build production reserves and other assets through diversity;
-- Invest in research and development of alternative energy products."

Growth Through Economic Adversity

"AEI has achieved impressive growth over the last few years when many
companies downsized or went out of business. In 2006, the company reported
over $5 million in revenue. Revenue increase to $9.1 million in 2007.
According to recent audited financial statements, the company reported
revenue of $13.3 million for 2008. This is an increase of $3.2 million or
31.2 percent compared to 2007. The growth occurred during a period when
oil and natural gas prices were falling. The company's net income before
taxes for 2008 was $1.4 million. Selling, general, and administrative
expenses decreased from $5.5 million in 2007 to $3.2 million in 2008. The
company attributes the lower costs to improve efficiencies and investments
made in 2008."

Future Expansion and Diversification

"AEI embarked on another major expansion in 2009 when the company
established Allied Alternative Energy, LLC (AAE). AAE has been working
hard to develop alternative energy resources, such as wind, solar and fuel
cell technologies. The company recently entered into a partnership with a
waste management company to develop renewable energy resources."

About Allied Energy, Inc.

Allied Energy, Inc. (PINKSHEETS: AGGI) is an independent energy
development firm primarily engaged in the exploration, development, and
production of oil and natural gas in the continental United States. The
company relies upon its strategic industry partners, well operators,
geologists, petroleum engineers, recommendations from third parties and
financial experts whose combined industry experience is essential to the
success of each project. Allied Energy's strategic focus is the
development of oil and natural gas reserves. As the fuel of choice to
meet the growing demand for a clean-burning domestically produced fuel,
the company firmly believes its natural gas exploration strategy should
provide substantial growth to the company for the years to come.

The Company has more than 6,000 acres under lease, more than 70 wells
under development (110 +/- well-bores under control) and continues to
build its own gas line infrastructure system in Rogers County to maximize
its price for gas at the wellhead. Allied and its partners are also
participating in oil and gas projects located in Leon County, Texas,
Morgan County, Colorado and Washington/Athens Counties, Ohio.

The Company has a wholly owned subsidiary, Allied Operating LLC, including
a field office, ten (10) employees and various equipment located in
Oolagah, Oklahoma. Allied Operating supervises the Company's field
operations (120 +/- well-bores) located in Rogers and Pawnee Counties,
Oklahoma. Earlier this year, Allied Energy, Inc. formed Allied Gas
Transmission, a majority owned subsidiary, also located in Rogers County,
Oklahoma. Allied Gas Transmission is currently developing a gas pipeline /
transmission system in Rogers County.

The Company's audited financial statements can be viewed at
www.alliedenergy.com or www.pinksheets.com. For more information:
www.alliedenergy.com

Certain statements in this release and the attached corporate profile that
are not historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as "anticipate,"
"believe," "expect," "future," "may," "will," "would," "should," "plan,"
"projected," "intend," and similar expressions. Such forward-looking
statements involve known and unknown risks including but not limited to
geological and geophysical risks inherent to the oil and gas industry,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements. It is
impossible to accurately forecast or predict oil and/or natural gas
production and reserves. The projections herein are only estimates. The
Company can make no assurance that commercial production will be obtained,
and if obtained, in such quantities to make the project commercial. The
Company may have varying degrees of working interest ownership in each
well and/or prospect. Thus, gross revenue projections may not be equal to
what is distributed net to the Company. The Company's future operating
results are dependent upon many factors, including but not limited to the
Company's ability to: (i) obtain sufficient capital or a strategic
business arrangement to fund its expansion plans; (ii) build the
management and human resources and infrastructure necessary to support
the growth of its business; (iii) competitive factors and developments
beyond the Company's control; and (iv) other risk factors inherent to the
oil and gas industry. The Company's geological and geophysical
evaluations of its prospects are often times based on recommendations
from regional experts, geologists and other professionals. However,
Allied cannot make any assurance that the recommendations of and/or
information received from these professionals are completely valid and
will result in the commercial production of oil and/or gas.

Company Contact:
Angela Stokes
Allied Energy, Inc.
2800 Griffin Dr.
Bowling Green, KY 42101
Phone: 866-256-5836
Fax: 800-251-9322
Website: www.alliedenergy.com
Email: info@alliedenergy.com

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