SOURCE: SolarBrook Water and Power Corporation

June 24, 2008 14:17 ET

SolarBrook Water and Power Corporation Provides Updates on Pending Agreements and Joint Venture Negotiations

RALEIGH, NC--(Marketwire - June 24, 2008) - SolarBrook Water and Power Corporation (PINKSHEETS: SWPC), a developer, manufacturer and marketer of water quality and clean power products, announced today the status of several projects that the company is engaged in worldwide. They include joint venture negotiations for a project in China, a pending new sale through its distributor, Resource Management Technologies, LLC, and negotiations for a new reseller agreement with a Canadian marketing company.

SolarBrook is currently in joint venture negations with a Chinese business for the full line of SolarBrook products. In the last month, staff members from SolarBrook have met in China with managers of the Chinese business and the SolarBrook consultant for the China market to develop a working agreement. The agreement is expected to be consummated in July 2008.

The company's distributor, Resource Management Technologies (RMT), a disabled veteran-owned North Carolina limited liability company that specializes in providing products and services to public sector and governmental agencies, is in the process of closing a sale with the U.S. government, which will include several items in the SolarBrook product line. The negotiations for the first order are complete, and the purchase order is expected before the end of June.

SolarBrook is also in negotiations to sign a reseller agreement with a Canadian network marketing group in Toronto. The consumer line of products would be a special line manufactured for this group. An agreement is expected to be finished by the end of June.

"We are pleased to report each of these pending events to our shareholders and will provide any update as soon as they occur," commented George Moore, CEO of SolarBrook Water and Power Corporation. "China is a large and exciting market for SolarBrook products, and we also see great potential in marketing to U.S. government agencies through our distribution agreement with Resource Management Technologies."

About SolarBrook Water and Power Corporation

SolarBrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of SolarBrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. SolarBrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential.

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Forward-Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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