United Fuel & Energy Notifies SEC of Delay in Filing its 2007 Fourth Quarter and Full Year Results

MIDLAND, Texas, March 31, 2008 /PRNewswire-FirstCall/ -- United Fuel & Energy Corporation (BULLETIN BOARD: UFEN) , a leading distributor of gasoline, diesel, propane and lubricant products to customers in the southwestern and south central U.S. today announced that it has filed a Form 12b-25 to notify the U.S. Securities and Exchange Commission that it could not file its Annual Report on Form 10-K within the prescribed time period. The Company stated its intention to file its Annual Report on Form 10-K on or before April 15. The Company also plans to hold a conference call to discuss the financial results shortly after the results are reported.

About United Fuel & Energy Corporation

United Fuel & Energy, based in Midland, Texas, is engaged in the business of distributing gasoline, diesel, propane and lubricant products primarily in certain markets of Texas, California, New Mexico, Arizona and Oklahoma. United Fuel represents the consolidation of numerous companies, the most significant of which are the Eddins-Walcher Company and Cardlock Fuels System. United Fuel intends to continue to expand its business through strategic acquisitions and organic growth initiatives.

United Fuel currently engages in the following activities:

-- Card-lock operation (unattended re-fueling of commercial vehicles).
-- Wholesale fuels and lubricants (to commercial customers).
-- Propane distribution (to commercial and residential users).

United Fuel conducts its operations through over 25 branch locations and over 100 card-lock (unattended) fuel sites. For more information, please visit the Company's website at www.ufeonline.com or to request future press releases via email, go to http://www.b2i.us/irpass.asp?BzID1318&toea&Nav1&S0&L1.

Safe Harbor Statement

Certain statements included in this press release may constitute forward- looking statements. Actual outcomes could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: weather, levels of oil and gas drilling and general industrial activity in United Fuel's area of operations, changes in oil and gas prices, risks associated with acquiring other businesses, the price of United Fuel's products, availability of financing and interest rates, competition, changes in, or failure to comply with, government regulations, costs, uncertainties and other effects of legal and other administrative proceedings, general economic conditions and other risks and uncertainties. As a result, this press release should be read in conjunction with periodic filings United Fuel makes with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and United Fuel does not undertake any obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.

Contact:
Chuck McArthur, President and CEO
cmcarthur@ufeonline.com
432-571-8000

Lisa Elliott / lelliott@drg-e.com
DRG&E / 713-529-6600

First Call Analyst:
FCMN Contact: ksdennard@drg-e.com

Source: United Fuel & Energy Corporation

CONTACT: Chuck McArthur of United Fuel & Energy Corporation, President
and CEO, +1-432-571-8000, cmcarthur@ufeonline.com, or Lisa Elliott,
+1-713-529-6600, lelliott@drg-e.com, for United Fuel & Energy Corporation

Web site: http://www.ufeonline.com/
http://www.b2i.us/irpass.asp?BzID1318&toea&Nav1&S0&L1

2008-03-31 18:25:05 0324091 PRNEWSWIRE