SOURCE: U.S. Sustainable Energy Corp.

April 26, 2007 08:00 ET

Sustainable Power Corp. Engages Auditor and Commences Initial Steps Toward Becoming a Fully Reporting Company

NATCHEZ, MS -- (MARKET WIRE) -- April 26, 2007 -- Sustainable Power Corp. (PINKSHEETS: SSTP), a single-source provider of renewable energy solutions and green power plant facilities, announced today that the company has engaged Gruber & Company, LLC as its Public Company Accounting Oversight Board (PCAOB) auditors to examine the company's books and records and render an opinion on its financial statements in preparation for filing a registration statement on Form 10-SB with the Securities and Exchange Commission (SEC), thereby becoming subject to the annual and periodic reporting requirements of the SEC applicable to a fully reporting publicly held company.

Upon effectiveness of the registration statement, the company intends to make an application to upgrade its stock market listing to the NASD over-the-counter Electronic Bulletin Board, thereby providing a more established trading market for its shares for its shareholders and prospective investors.

"The retention of Gruber & Company, LLC is a noteworthy step in Sustainable Power Corp. (SSTP)'s development. SSTP is committed to providing accurate and timely information to its shareholders and investors as material developments occur within SSTP as we proceed to develop a 'world-class' company," stated John Rivera, Chairman and CEO.

"We are excited to be part of this innovative and cutting-edge technology company. It is important to note that prior to our firm's accepting the engagement with SSTP, we performed extensive due diligence, including a visit to the Natchez, MS plant and witnessing a demonstration of the production of actual biofuel that will be distributed by SSTP for power generation. We also observed the biofuel being used to operate generators, and 2-stroke, 4-stroke, and diesel engines," added Gruber & Company, LLC.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel.

SSTP services range from feasibility studies, project financing, and site design, to full scale facility development and turnkey plant construction. The superior performance that is expected to be gained from using the renewable fuel source allows SSTP to offer green energy facilities ranging from 5MW to 500MW and featuring complete turnkey power solutions that potentially offer exceptional value over all other market alternatives. For more information please visit

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and subsequent U.S. actions and reactions.

Contact Information

  • Investor Contact:
    Jens Dalsgaard
    Redwood Consultants, LLC