Lonestar Capital Corp.

Lonestar Capital Corp.

April 01, 2009 08:19 ET

California Solar Pioneer, Nat Kreamer, Joins Lonestar Capital Corp.'s Board of Directors

HOUSTON, TEXAS and VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2009) - Lonestar Capital Corp. dba Acro Energy Technologies (TSX VENTURE:LON) (the "Company"), an emerging aggregator of Solar Energy Integrators, is pleased to announce that it has named Robert "Nat" Kreamer to its Board of Directors.

Nat Kreamer started SunRun, Inc, the leading provider of residential solar power purchase agreements. Previously, he worked in power industry consulting at PricewaterhouseCoopers. Prior to PricewaterhouseCoopers, Kreamer was a member of the Emissions and Clean Technology Ventures groups at the Enron Corporation. Kreamer holds an MBA from Rice University and a BS from Northwestern University. He is a U.S. Navy Officer (Reserves), recipient of the Bronze Star Medal, and Afghanistan war veteran.

Harry Fleming, CEO of Lonestar, commented, "Nat's experience in the California solar industry will be invaluable to the Company. The depth and breadth of his knowledge will allow Acro Energy Technologies to strengthen its already impressive operations. His input will be key to the Company's strategic plans as it opens new offices and evaluates suitable acquisition candidates in California and elsewhere," added Fleming.

"Bringing solar electricity to more Americans requires robust, professional, solar integrators," said Nat Kreamer. "Acro Energy's team is well positioned to build a leading integration company and it's exciting to be part of the success."

On March 30, 2009, the Company granted to Mr. Kreamer an option to purchase 50,000 shares at an exercise price of CDN$0.19, the Discounted Market Price on the date of grant, with such options vesting immediately and expiring on March 30, 2014.

About Lonestar Capital Corp. /Acro Energy Technologies

The Company's business plan is focused on the consolidation and growth of renewable energy companies, primarily in the United States solar market. Acro Energy Technologies through its acquisition of Acro Electric, Inc., a leading California residential solar integrator, has initiated its acquisition campaign in the solar integrator market. The Company continues to evaluate suitable acquisition candidates across North America.

This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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