Dutton Associates Announces Investment Opinion: O2Diesel Speculative Buy Rating and Price Target of $2.25 Reiterated in Update by Dutton Associates

Dutton Associates updates coverage of O2DieselCorporation (AMEX: $2.05 OTD), reiterating a Speculative Buy ratingand our 12-month price target of $2.25. The 22-page report by DuttonAssociates senior analyst Sally H. Wallick, CFA is available atwww.jmdutton.com as well as from First Call, Bloomberg, Zacks,Reuters, and other leading financial portals. O2Diesel Corporation hasdeveloped a proprietary additive technology, O2D05, which facilitatesthe blending of ethanol, an oxygenate, in diesel fuel, resulting in aproprietary, clean-burning fuel called O2Diesel(TM).

About Dutton Associates

Dutton Associates is one of the largest independent investmentresearch firms in the U.S. Its 26 senior analysts are primarily CFAsand have expertise in many industries. Dutton & Associates providescontinuing analyst coverage of over 100 enrolled companies, and itsresearch, estimates, and ratings are carried in all the majordatabases serving institutions and online investors.

The cost of enrollment in our one-year continuing research programis US $35,000 prepaid before commencement of our research activities.We received $63,000 from the Company for 8 quarterly Research Reportswith coverage commencing on 3/15/2005. Our principals and analysts areprohibited from owning or trading in securities of covered companies.The views expressed in this research report accurately reflect theanalyst's personal views about the subject securities or issuer.Neither the analyst's compensation nor the compensation received by usis in any way related to the specific ratings or views contained inthis research report or note. Please read full disclosures and analystbackground at www.jmdutton.com before investing.