Lonestar Capital Corp.
TSX VENTURE : LON

Lonestar Capital Corp.

May 11, 2009 15:36 ET

Lonestar Capital's Acro Energy Closes Light Energy Systems Acquisition

HOUSTON, TEXAS and VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - Lonestar Capital Corp. dba Acro Energy Technologies (TSX VENTURE:LON) (the "Company") announces that the TSX Venture Exchange has accepted for filing documentation relating to the May 5, 2009, Asset Purchase Agreement (the "Agreement") between the Company's wholly owned subsidiary, Acro Energy Technologies, Inc., a California corporation, and Solar Self Help, Inc. d/b/a Light Energy Systems, a California corporation headquartered in Concord, California ("Light Energy") and Duane and Karen Petersen Campbell, the sole shareholders of Light Energy and that closing of the acquisition has been completed.

Under the Agreement, the Company acquired substantially all of the assets, assumed a number of existing contracts for the installation of photovoltaic solar energy, solar water heating, and solar pool heating systems and assumed a maximum of US$100,000 in existing liabilities of Solar Self Help, Inc. The consideration paid by the Company consists of US$192,250 cash and 507,833 common shares issued from the Company's treasury.

Harry Fleming, CEO of Lonestar, commented, "Duane Campbell brings to Acro Energy almost 30 years experience in the solar industry. The higher margin offerings in solar pool heating and solar water heating done by Mr. Campbell's team in Concord will be offered in Acro Energy's other offices as the Company focuses on maintaining strong gross margins," added Fleming.

About Lonestar Capital Corp./Acro Energy Technologies

Lonestar, through Acro Energy Technologies, is focused on the consolidation and growth of renewable energy companies, primarily in the United States solar market. Lonestar/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. Lonestar/Acro Energy Technologies continues to evaluate suitable acquisition candidates across North America. Following the May 11, 2009 Annual General Meeting, Lonestar will be changing its name to ACRO ENERGY TECHNOLOGIES CORP. and will trade on the TSX Venture Exchange under the symbol ART.

On Behalf of the Board of Directors,

Douglas A. Samuelson, Executive Vice President

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information