Accessity Press Release

CORAL SPRINGS, FL -- (MARKET WIRE) -- 11/11/2004 -- Accessity Corp (NASDAQ: ACTY) announced today that it has submitted its preliminary proxy statement to the SEC for review in connection with its planned share exchange agreement with Pacific Ethanol, Kinergy Marketing and Reenergy ("The Acquired Companies"), that will leave Accessity as the surviving parent company. Due to the Federal Holiday, the preliminary proxy will not appear on the SEC website until Friday morning.

"After the Company has completed the review process with the SEC and filed its definitive proxy it should take approximately four more weeks to complete the proxy mailing and voting process for Accessity shareholder approval, enabling the transaction to close," said Accessity Chairman and CEO Barry Siegel.

Following shareholder approval, the transaction is expected to proceed quickly and close sometime in January 2005. If approved by the shareholders the Company will reincorporate inDelaware and change its name to Pacific Ethanol, Inc. and trade under a new stock symbol, reflecting its new direction. The primary goal of the company, post merger, will be to create a vertically integrated marketing, distribution and production alternative fuels business with its initial focus on the ethanol market in the United States. In addition, the company is actively seeking additional acquisitions within the ethanol marketplace and is investigating other alternative fuel product opportunities.

As a further condition to the completion of the transaction, the current management of Accessity will resign and the current management of the Acquired Companies will assume management of the combined companies. The former board of directors of Accessity will designate one person to serve on the board of directors of Pacific Ethanol until the 2005 annual meeting.

"Creating this proxy, which is nearly 400 pages long, has been a grueling process that has taken much longer than we originally anticipated," Siegel commented. "However, we feel all the hard work has put the Company well on its way to completing this long awaited transaction. We are extremely excited about the Company's prospects and about the important role it can play in helping to solve our country's energy crisis. The PEI team clearly has the ability to create a strong and profitable organization with outstanding growth potential."

"The federal government is in full support of ethanol's benefits as a gasoline additive that can improve air quality and reduce our dependence on foreign oil. That has created significant interest in this merger from the investment community. The strong demand for ethanol and other alternative energy products should enable Pacific Ethanol to generate substantial revenues and profitability. The company's prospects for long-term growth are outstanding. Just one of its subsidiaries, Kinergy Marketing, has quickly ramped up its revenues in 2004 to nearly $80 million and achieved profitability in less than 36 months of operation."

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Accessity Corp. could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the ability of Accessity Corp. to obtain shareholder approval of the proposed share exchange agreement with the Acquired Companies, the ability of Accessity Corp. or any of the Acquired Companies to close the proposed share exchange transaction, the ability of the Acquired Companies to obtain audited financial statements required under the terms of the share exchange agreement and by the rules and regulations of the Securities and Exchange Commission, the ability of Accessity Corp. to obtain necessary funding to construct either or both of the proposed ethanol production facilities, the ability of the Acquired Companies to raise a minimum of $ 7 million in private equity under terms of the proposed share exchange transaction, the ability of Accessity Corp. to successfully generate and sell distillers wet grain in the California Central Valley, the ability of Accessity Corp. to maintain its Nasdaq SmallCap listing upon the consummation of the proposed share exchange agreement, the ability of management to successfully combine the business of the Acquired Companies, the projected future demand for ethanol in the Western United States and the ability of Accessity Corp. to successfully compete in the production and sale of ethanol, changes in governmental regulations and policies, unforeseen technical issues and those factors contained in the "Risk Factors" section of the Accessity Corps' Form 10-KSB for the year ended December 31, 2003. Accessity Corp. undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof.