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

AccelRate Power Systems Inc.

November 28, 2008 17:32 ET

AccelRate Reports on Annual and Special General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2008) - AccelRate Power Systems Inc. (TSX VENTURE:APS)(FRANKFURT:KCG) (the "Company") is pleased to report that the 5:1 share consolidation approved at the Company's 2008 annual and special general meeting held September 15, 2008 will be effected on December 1, 2008.

The Company currently has an aggregate of 28,799,169 common shares outstanding. After giving effect to the consolidation, it expects to have approximately 5,759,834 shares outstanding.

AccelRate Power Systems Inc. is headquartered in Vancouver, BC. The Company's shares trade on the TSX Venture Exchange (symbol APS), 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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