Candice Beaumont to Compete in Exhibition Tennis Match & Selected as Speaker at the Alternative Asset Hedge Fund Summit

NEW YORK, NEW YORK - (Marketwire - Oct. 15, 2007) - Candice Beaumont has been selected to speak at the Alternative Asset Hedge Fund Conference 2007, which is scheduled to take place on October 17-19, 2007 at the Wynn Las Vegas Resort in Las Vegas, Nevada. Ms. Beaumont's presentation, entitled "Top Down View on Alternative Energy", will take place on Thursday, October 18th at 3:35 PM local time. She will address the global opportunities created by the increasing demand for efficient, clean and reliable energy.

The Conference is to be preceded with an exhibition tennis match at 3 PM on Wednesday October 17th in which Candice Beaumont, a former world ranked professional tennis player, will be competing. Candice Beaumont was formerly ranked amongst the top 600 players in the world in singles and in doubles with victories over players in the top 50 in the world. During her career, Ms. Beaumont competed against highly ranked players, such as former world number one, Lindsay Davenport and played in Grand Slam tournaments, such as the Australia Open. This tennis match should provide attendees the opportunity to watch a world class tennis competition before hearing world class presentations on alternative energy investments.

Currently, Ms. Beaumont is a Managing Director with L Investments, a family office with a vast portfolio of public and private equity that is primarily focused on commodities. She is actively involved in all capital allocation decisions for the family fund of funds as well as its direct investment portfolio. Ms. Beaumont is also a financial consultant to Genoil Inc, (www.Genoil.net), an emerging energy technology and portfolio company of L Investments with a proprietary heavy oil upgrader. Genoil is a publicly traded company whose shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTCBB under GNOLF. Ms. Beaumont is a member of the Independent Petroleum Association of America.

About Candice Beaumont