SOURCE: Barnabus Energy, Inc.

November 03, 2005 09:00 ET

Barnabus Energy Corporate Update

SOLANA BEACH, CA -- (MARKET WIRE) -- November 3, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) wishes to announce that, effective immediately, the company has moved its headquarters to Suite 200, 514 Via de la Valle, Solana Beach, CA 92075. The move comes in response to management's continued growth of the Company.

Additionally, Barnabus Energy is pleased to announce the appointment of Cheryl J. Bostater to the position of Chief Financial Officer. Ms. Bostater brings a strategic outlook combined with a rare blend of scientific degree, financial certifications, and practical business experience including several years working closely with broker/dealers, filing micro-cap public offerings with the SEC, and as an equity analyst issuing buy/sell recommendations on hi-tech and telecommunications stocks. For over 10 years, Cheryl has evaluated businesses and partnerships, corporate and partnership buy-outs, financial reporting (stock-based compensation), mergers & acquisitions, and private placements.

She holds an Accredited Senior Appraiser (ASA) designation in Business Valuation by the American Society of Appraisers, and has been awarded a Chartered Financial Analyst (CFA) designation by the CFA Institute. In addition, she earned an MBA in Finance from Loyola Marymount University, as well as earning a Bachelor of Science degree in Electrical Engineering from Cornell University.

In related news, Management has engaged the services of Ms. Songûl Atacan as Marketing Manager. Ms. Atacan comes to Barnabus with international marketing and communications experience spanning Europe, the Middle East and North America. Recently with Western Scientific of San Diego, she managed the development of comprehensive marketing plans and strategic alliances with Fortune 500 companies. Prior experience includes international marketing consulting at U-Vola Speakers (Gemona, Italy), implementing programs for the firm's brand, web project, multimedia, and strategic marketing activities. Prior to this, she spent four years at Enternasyonal Investment Company (Istanbul, Turkey), developing comprehensive sales plans for an international joint hotel chain. Ms. Atacan has completed her Pre-MBA studies at the U of C (San Diego) and holds a Bachelor of Science in Marketing from San Diego State University.

President David Saltman noted, "With today's announcement I foresee a great step forward for the company as we lay the groundwork for months of exciting growth and opportunity. I welcome both Cheryl and Songûl to our company, and look forward to an active, challenging, and rewarding future."


Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently acquiring commercially viable projects in both conventional and renewable energy sectors. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.


Barnabus Energy, Inc.

David Saltman, President

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