AccelRate Power Systems Inc.
FRANKFURT : KCG
TSX VENTURE : APR

AccelRate Power Systems Inc.

December 18, 2009 15:57 ET

AccelRate Reports on Annual and Special General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2009) - AccelRate Power Systems Inc. (the "Company") (TSX VENTURE:APR)(FRANKFURT:KCG) is pleased to report that all motions proposed to shareholders at its 2009 annual and special general meeting held December 15, 2009 were passed. Accordingly, in addition to re-appointing Ernst & Young as auditors and electing management's slate to the board of directors, the shareholders of the Company approved a consolidation of the Company's share capital on a 3:1 basis. The Company does not propose to change its name. The consolidation will become effective on a date to be determined in consultation with the TSX Venture Exchange.

The Company currently has an aggregate of 6,799,834 common shares outstanding. After giving effect to a 3:1 consolidation, it expects to have approximately 2,266,611 shares outstanding. Completion of the share consolidation is subject to acceptance by the TSX Venture Exchange.

AccelRate Power Systems is headquartered in Vancouver, BC. AccelRate's shares trade on the TSX Venture Exchange (symbol APR), and on the Frankfurt Exchange (symbol KCG).

"Reimar Koch"

President and CEO

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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