SOURCE: AC Energy, Inc.

September 05, 2007 07:00 ET

AC Energy on Track to Reach Several Important Milestones

GARDNERVILLE, NV--(Marketwire - September 5, 2007) - AC Energy (PINKSHEETS: ACEN) reported today that management is extremely gratified by the Company's recent progress in pursuing additional markets for its unique technology, and that it expects to be able shortly to announce the successful attainment of several important company milestones. The Company is in possession of the exclusive global rights to the "Perpetual Battery System," a multi-cell battery that recharges itself and never needs to be connected to an external power source. Management has initially targeted the highly lucrative mobile phone market, as well as other high-growth markets that appear extremely receptive to AC Energy's remarkable innovation.

As part of its growth strategy, AC Energy has commissioned a "Milestones Evaluation" report by the respected firm of Evans and Evans. According to a Company spokesperson, "The Evans and Evans report was commissioned in order to indicate the most opportune growth markets, as well as to provide us with an objective standard of measurement by which we could gauge our progress. We are extremely pleased to find in this report a validation of our direction and business model. We are also well on our way to reaching and/or have already attained several of the critical milestones that are mentioned in the report such as securing financing, the production of prototype units, installation of the first pilot system, and others. These milestones have been identified both by Company management and by Evans and Evans as being important markers of progress and development, and we continue to move closer to being able to announce publicly our successful achievements."

About AC Energy, Inc.:

AC Energy is committed to leading the world in research and development of high-quality alternative power sources for cell phones and other small electronics. Our objective is to revolutionize the battery industry by providing consumers with products of unparalleled convenience and efficiency. Through the establishment of select strategic partnerships, AC Energy will maximize its market reach by delivering a commodity of peerless value with virtually unlimited applications in commercial, industrial and military markets.

Forward-Looking Statements:

Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by AC Energy Corp. with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of AC Energy Corp. as of the date of this release. AC Energy Corp. and its managers and agents undertake no obligation to publicly update any forward-looking statements.

Contact Information

  • Contact:
    AC Energy, Inc.
    1528 Hwy 395 N # 130
    Gardnerville, NV 89410