SOURCE: symPowerco Corp.

March 03, 2008 05:30 ET

SymPowerco CEO Provides Shareholder Update

LAS VEGAS, NV--(Marketwire - March 3, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport issues the following shareholder update.

Stated Mr. Davenport, "Almost forty years ago, fuel cells accompanied man to the moon. At SymPowerco, we think it's time to put wheels under fuel cells, not rockets. We believe that our Flowing Electrolyte Direct Methanol Fuel Cell has strong potential to be the power supply for the first widely available fuel cell powered electric vehicles."

In the days ahead, shareholders and potential investors will be able to learn more about the company's technologies on its new web site, www.sympowercocorp.com. The web site will present the details of the company's core technologies and the part these technologies can play in the burgeoning Alternative Energy sector.

SymPowerco will be presenting to investors, on its web site and through press releases, the details of the technologies, personnel, institutions, alliances and strategic partnerships that will combine to take the company's technologies forward to commercialization. Also, SymPowerco's financial statements are in the hands of the company's accountants. The company expects the financial reports to be posted on the Pink Sheets web site within the next few days.

"As we embark on our Fuel Cell power system initiatives, SymPowerco Corporation wishes to thank its shareholders for putting their faith and trust in the company," said Davenport. "Alternative energy and power solutions are desperately needed in today's world. We believe that SymPowerco is well-positioned to play an important role in that world."

SymPowerco Corp. is an independent Alternative Energy and Energy Technology company focused on the development of practical long-term, sustainable energy solutions through the cultivation of innovative strategies that directly respond to the most recent developments in the energy and technology sectors.

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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