OPEL International Inc.

OPEL International Inc.

June 23, 2008 16:10 ET

OPEL International Reports on Annual Meeting and Announces Denis Colbourne as New Chairman

SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - June 23, 2008) - OPEL International (TSX VENTURE:OPL) ("OPEL" or "the Company"), a leading global developer and supplier of concentrating photovoltaic panels (CPVs), today announced that, at the Company's Annual General Meeting of Shareholders (the "AGM") held on June 19, all of the incumbent directors were re-elected for the ensuing year.

The Company also announced that the Directors appointed Mr. Denis Colbourne as Chairman of the Board, replacing Robert Pico who acted as Interim Chairman since the resignation of Daniel Upp in May.

Following the meeting, the newly elected Board of Directors re-appointed the following executive officers:

- President & CEO Robert G. Pico
- Vice-President, Marketing Francisco Middleton
- Vice-President, Engineering Javier Berrios
- Treasurer and CFO Michael McCoy
- Secretary Michel J. Lafrance

Mr. Colbourne has over 40 years of experience in the technology industry, including a number of senior positions with Nortel Networks. He retired from Nortel in December 1998 after serving as Vice President and General Manager of Nortel Semiconductors, Canada's largest IC wafer fabrication facility. Currently President and CEO of DC-Technologies Ltd., a technology consulting firm, he brings his expertise in business operations, technology transfer and industry-government liaison to a number of clients including The World Bank, various investment banks and the Canadian and Ontario Governments.

Mr. Colbourne has received Ottawa's '2002 Business Person of the Year Award', the Leadership Award for the '2003 Ontario Global Traders Award Program' for Eastern Ontario and the 'ITAC 2004 award for Outstanding Service to the Canadian Microelectronics Industry'.

In addition to Opel International, Mr. Colbourne has served on numerous corporate boards and is currently a member of the board of several high-tech companies including International Datacasting Inc. Spectalis Inc., Avalon Microelectronics. He is a member of the advisory board of the National Research Council's Canadian Photonics Fabrication Centre and was also a member of the Board of Governors of the Ottawa Hospital.

"We're very excited that Denis has agreed to accept the role of Chairman," said Robert Pico, CEO of OPEL. "In particular, his depth of experience in the production of technology products will be invaluable as OPEL moves towards commercial scale production later this year."

All others matters presented to the AGM were approved by shareholders, including the Fixed Vesting Stock Option Plan and the options previously granted to officers, directors, consultants and employees, as required by the TSX Venture.

About OPEL International

With operations headquartered in Shelton, CT and Toronto, Ontario, Canada, OPEL designs, manufactures and markets innovative, state-of-the-art solar technology products designed to convert solar energy into electricity - at the least possible cost and greatest efficiency. The Company's products are based on technology developed in cooperation with the University of Connecticut (Storrs, CT) and the Canadian National Research Centre (Ottawa, ON). A leader in gallium arsenide and solar photovoltaic technology, the Company has been awarded 23 patents and has 23 more patents pending. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.


Michel Lafrance, Secretary

Investors are cautioned that except for statements of historical facts, certain statements contained in this news release may include forward-looking information with respect to the Company. Such forward-looking statements or information are based on current expectations, estimates and projections formulated using assumptions currently believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

Contact Information