AccelRate Power Systems Inc.

AccelRate Power Systems Inc.

June 25, 2008 17:32 ET

AccelRate Power Systems: Private Placement Closes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - AccelRate Power Systems ("AccelRate") (TSX VENTURE:APS)(FRANKFURT:KCG), the leader in "High-Speed" battery charging technology, announced today that it has completed a non-brokered private placement of 166,667 units announced on April 25, 2008, realizing gross proceeds of $30,000. Each unit is comprised of one common share and one-half warrant, each whole warrant exercisable to purchase one additional common share in the capital of the company at $0.22 until October 25, 2009.

All shares issued in connection with the private placement and any shares issued on exercise of warrants comprised in those units will be subject to a four-month hold period expiring October 25, 2008.

AccelRate Power Systems is headquartered in Vancouver, BC. AccelRate's shares trade on the TSX Venture Exchange (symbol APS), and on the Frankfurt Exchange (symbol KCG).


Reimar Koch, President

This news 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 undertake any duty to update any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information