SOURCE: AC Energy, Inc.

August 30, 2007 07:00 ET

AC Energy Refines Its Approach and Seeks New Markets

GARDNERVILLE, NV--(Marketwire - August 30, 2007) - AC Energy, Inc. (PINKSHEETS: ACEN) announced today that based upon the latest market analyses, including a recent report commissioned by the Company from the respected firm of Evans and Evans, management has revised its plans for expansion and development in order to take advantage of the most promising and emerging opportunities. AC Energy, holders of the remarkable technology to the "Perpetual Battery System," a mobile power source that charges itself and is adaptable in virtually any application that currently utilizes conventional batteries, had initially chosen to direct its focus on the huge and rapidly expanding mobile phone market. This strategy was based upon careful consideration of the market, including such factors as the proliferation of mobile phones and the tremendous growth of cell phone usage, with more than 2 Billion mobile subscribers worldwide as of 2005, and that number expected to nearly double to 3.96 Billion by 2011.

According to a company spokesperson, "By no means are we planning to ignore the tremendous opportunities in the mobile phone market. The potential of this sector is simply too great to do so. However, it has always been our considered opinion that it is in the best interest of the Company and the shareholders to remain receptive to fortuitous circumstances in other sectors. Indeed, we have continually and actively sought out such openings, and our latest research has identified some target markets that hold tremendous potential and should pose no impediment to our ongoing efforts to penetrate the mobile phone market. A recent 'Milestones Evaluation' commissioned from Evans and Evans has specifically pinpointed a number of attainable milestones that should positively impact the inherent value of the Company as well as the stock price. We would be remiss if we did not aggressively pursue these goals, and consistent with our aims to maximize our valuation we have adjusted our expansion efforts accordingly."

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