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

AccelRate Power Systems Inc.

November 17, 2009 13:12 ET

AccelRate Schedules Annual and Special General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - AccelRate Power Systems Inc. (TSX VENTURE:APR)(FRANKFURT:KCG) (the "Company") has scheduled its 2009 annual general and special meeting for December 15, 2009. At the meeting, in addition to appointing auditors and electing directors, the shareholders of the Company will be asked to approve a consolidation of the Company's share capital on a 3:1 basis. The consolidation ratio may be decreased to 2:1 or less at the discretion of the directors. The Company does not propose to change its name, but may be required to do so if stipulated by the TSX Venture Exchange as a condition of accepting the consolidation.

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 2,266,612 shares outstanding. Management believes that the share consolidation is necessary to provide the Company with a capital structure that will facilitate equity and/or debt financing. The Company's management has recommended the restructuring following consultation with financial advisors. The proposed share consolidation is expected to increase the market price of the Company's common shares on a per share basis by reducing the number of common shares outstanding. However, no assurance can be given as to the effect of the consolidation on the value of the Company's common shares.

Completion of the share consolidation is subject to shareholder approval and acceptance by the TSX Venture Exchange. A management information circular in connection with the meeting will be mailed to the shareholders shortly.

AccelRate Power Systems Inc. is headquartered in Vancouver, B.C. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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