SOURCE: Barnabus Energy, Inc.

November 14, 2005 09:00 ET

Barnabus Energy Inks Agreement With Connect Renewable Energy, Inc.

SOLANA BEACH, CA -- (MARKET WIRE) -- November 14, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) today announced it has signed a term sheet with Connect Renewable Energy, Inc. (CRE) to purchase a majority share in the California-based solar photovoltaic company, a move that could double the Company's revenues and profits in 2006.

"This is great news for both our companies," stated David Saltman, Barnabus CEO. "It gives Connect the capital they need to launch their building-integrated solar products, and expands our market position in this rapidly growing sector of the renewable energy industry."

CRE has developed a unique, patent-pending system that integrates arrays of PV cells into roofing tiles. This fire-rated, UL-approved product blends seamlessly with the colors and profiles of most standard roofing tiles used today. Unlike competitive products, CRE tiles do not require external framing on the building. They are lightweight, easy to install, and carry a twenty-year warranty.

Connect founder and President Ron Gangemi said, "Barnabus represents a strategic investor in our business. Our product fits perfectly into a product mix with their other affiliated company, Solar Roofing Systems (SRS). SRS's SolarSave™ products are primarily designed for commercial and industrial flat roof applications, while our tiles are ideal for the residential housing market."

Saltman emphasized that this acquisition has further benefits: "In addition to having the potential to more than double our revenue projections for 2006 and 2007, it gives us East and West Coast manufacturing and marketing capabilities. It also provides more purchasing leverage with our photovoltaic cell suppliers. The two management teams are already collaborating on leads and projects. We are very pleased with the partnership and know it will lead to great outcomes."


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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