BELGIUM, Wis., Jan. 12 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink Sheets: MNCN), a biological solutions company that develops products that produce a positive long term benefit to the agricultural and consumer market, announces the closing of $1,500,000 in capital funding.

This round of funding will help Mach One to expand its acquisition growth strategy as well as enhance its internal growth of its Bridge (TM) product suite. Concurrently, the Company will use some of the proceeds to buyback securities recently issued to Empire Energy Corporation as part of the acquisition of Pacific Rim Foods. This buyback at a large discount to current market pricing will effectively allow this funding round to be "non-dilutive" to current shareholders. Details of the buyback transaction will follow in a separate press release.

The Company's internal expansion plans include expanding its current plant operations in Wisconsin and up to 17 additional facilities in other states. It is anticipated that equipment and start-up cost would require $1.5 million per state. The Company is currently in discussion with investors for the funding of three states (California, Florida and Texas) with capital structure to include the issuance of Convertible Preferred Stock with conversion prices ranging from .50 to .75 per share. In anticipation of completing the placement for the State of California facility certain equipment has already been procured and an initial investor deposit has been received. The Company anticipates the closing of this next round with a conversion price of .50 per share for the completion of its California facility in the near term.

Monte B. Tobin, CEO of Mach One commented, "we are pleased that in the current economic environment that there are a number of Investors who still recognize the value of a company with rapid growth here in the USA. We are pleased to welcome our new investors and we would like to thank Commonwealth Capital Corporation for its continued professionalism and placement of these funds through its investor contacts and for not only completing our $750,000 anticipated capital raise but having it oversubscribed."

About Mach One Corporation

Through its wholly-owned subsidiary VDx, Inc. (www.machonecorp.com), the company currently manufactures and sells Bridge(TM), a biological solution that produces a positive long term benefit to the agricultural and consumer market.

Through its wholly-owned subsidiary Pacific Rim Foods Ltd., the company has Interests in the corn and oil & gas sector in China and Australia.

About Commonwealth Capital Corporation

Commonwealth Capital Corporation (www.commonwealthcapitalcorp.com) is dedicated to providing strategic relationships focused insight, incubation services, and capital to early stage companies that demonstrate exceptional innovation and corporate constituents in the knowledge economy's key growth verticals, including technology, healthcare, media and consumer business services.

Safe Harbor Statement

This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected. Readers are encouraged to view the Company's risks identified under the caption "Risk Factors" in the S-1 Registration Statement of the Company as Amended filed with the Securities and Exchange Commission on September 18, 2008.

SOURCE Mach One Corporation