NEW ORLEANS, Dec. 1, 2006 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS"), the original law firm to file a class action lawsuit on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Xethanol Corp. ("Xethanol" or the "Company") (AMEX:XNL) between January 31, 2006 and August 8, 2006 (the "Class Period"), announces that shareholders have only 26 days left to move the court to be appointed lead plaintiff.
Shareholders who wish to serve as a lead plaintiff must act by December 26, 2006.
If you would like to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KGS direct, toll free 1-866-467-1400, ext., 100, or 504-648-1850, or by email at lewis.kahn@kglg.com. You may also visit http://www.kglg.com/case/case.asp?lngCaseId=4939 to view a copy of the lawsuit.
SPECIAL NOTICE: Multiple law firms often file the same class action. However, courts will generally appoint only one of these firms to prosecute a securities fraud action on behalf of shareholders based upon the amount of losses its "lead plaintiffs" have suffered. Accordingly, while KGS encourages you to contact the firm if you're considering lead plaintiff status, KGS also encourages you to carefully evaluate any other firm that may be competing with KGS to prosecute the Xethanol class action, should you be considering another firm. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Xethanol action, and the quality of the firm's work. To view a copy of the detailed lawsuit KGS has filed in the Xethanol case, please visit http://www.kglg.com/case/case.asp?lngCaseId=4939.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca.