SOURCE: symPowerco Corp.

October 14, 2008 07:30 ET

SymPowerco Appoints Dillon to Board of Directors

LAS VEGAS, NV--(Marketwire - October 14, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport is pleased to announce that Nevada businessman, Mr. Michael Dillon, has joined the Board of Directors of the corporation and has been appointed Corporate Secretary. Mr. Dillon joins SymPowerco as the company implements its strategy of establishing the scientific, engineering and business relationships necessary for the accelerated development of its Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC).

SymPowerco has entered the race to provide Alternative Energy and Power Solutions to consumer and industrial markets through its acquisition of the FE DMFC and related technologies. The company believes that its unique technologies can effectively compete in a projected fuel cell market demand of over $40 billion per year.

Mr. Dillon brings extensive corporate and capital market experience to SYMW and has held executive management positions with several successful companies including Petroleum Card Services and Nutritional Supply Corporation. As CEO of McDill Investments, a firm specializing in mergers and acquisitions, Mr. Dillon participated in the launch of several companies and assisted in the process of taking them public.

Concurrent with Mr. Dillon's appointments, Mr. Joel Boodoosingh has resigned his positions as Director of the Corporation and Corporate Secretary. The company wishes to thank Mr. Boodoosingh for his valuable contributions during the startup and acquisition phase of SymPowerco Corporation.

SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets being created by today's energy and environmental challenges.

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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