SOURCE: Barnabus Energy, Inc.

March 06, 2006 09:00 ET

Barnabus Energy to Participate in New Solar Housing Project in Chicago

SOLANA BEACH, CA -- (MARKET WIRE) -- March 6, 2006 -- Barnabus Energy, Inc. (OTC BB: BBSE) is pleased to announce a collaboration with Chicago-based developer Greenpack Construction to develop affordable residential housing with integrated solar electric tiles.

Vice President of Sales Steve Coonen said, "This project demonstrates the triple bottom line values of our Company. Charles and Frank Kam of Greenpack are creating highly regarded LEED certified homes which are affordable and environmentally sustainable, and we are pleased that they have chosen our PV tiles for their projects."

Frank Kam stated, "Greenpack has a mission to build homes and buildings that attempt to provide all of their power by way of solar energy. CE Tiles provides high power output, great esthetics, quick installation, and low maintenance. We look forward to producing hundreds of homes and condominiums incorporating their product."

Greenpack Construction is currently developing the first Energy Efficient Lifestyle Green Options Optimally Developed Condominiums (aka FEEL GOOD Condos), which feature rooftop solar PV, grey water systems, recycling bins, Energy Star appliances, and other components which will qualify the building for Platinum status under the LEED program.

LEED (Leadership in Environmental Energy and Environmental Design) is a voluntary, consensus-based national standard created by the US Green Building Council for high performance, sustainable buildings. There are four levels that buildings can achieve from the LEED rating system: certified, silver, gold and platinum being the highest. As of July 2005, there are only nine platinum-certified "new construction" buildings in the entire world -- two of these buildings are located in India and six in the United States.

In the past five years, the City of Chicago has torn down many of the decaying low-cost inner city housing projects and are replacing them with respectable, affordable, environmental sound dwellings on city-owned land. The Illinois Clean Energy Fund is a participant in this process, providing millions of dollars in public funding to support installation of solar electric systems.

ABOUT THE COMPANY

Barnabus Energy, Inc. (BBSE) is currently undergoing corporate restructuring including a name change to Open Energy Corp. (OEC). The Company is committed to the development of a world-class Renewable Energy company and is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. 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. and/or Open Energy Corp. has little or no control.

ON BEHALF OF THE BOARD

Barnabus Energy, Inc. d.b.a. Open Energy Corp.

David Saltman, President

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