FDEI Fidelis Energy Inc (CE)

Fidelis Energy Inc. (PINKSHEETS: FDEI) today announced that, as part of its commitment to providing financial disclosure to shareholders and the public markets, the company has completed all of the filings and other required paperwork and has been upgraded to "Current Information" status at www.otcmarkets.com.

The company subscribed to the Pink OTC Markets' Disclosure and News Service earlier this year as a venue through which it would report quarterly and annual financial information and on July 7th, posted its Initial Company Information and Disclosure Statement to the OTC Markets site. Fidelis recently posted its Quarterly Report for the period ended June 30, 2010 and intends to add all future quarterly and annual reports with the timeframes required to maintain "Current Information" status. "Current Information" is categorized as "Transparent" under the OTC Market system.

"We are pleased to have achieved 'Current Information' at www.otcmarkets.com and to be categorized as 'Transparent' by the Pink OTC Markets' Disclosure and News Service," said President and Chief Executive Officer James Poole. "This has been a goal of Fidelis from the time that Solar Energy became the focus of the company's operations, and we believe that with this status, the company will be better positioned in the public market and will present a more attractive story to potential investors. Utilizing this venue will also help us to control the cost of reporting, which is another priority as we seek to grow our solar business."

Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.fidelisenergyinc.com.

About Fidelis Energy Inc. Fidelis Energy Inc. ("FDEI") is an energy company focused on developing, constructing and operating solar energy projects exclusively or in partnership with other energy companies. Fidelis is also in the development stage of designing solar photovoltaic (PV) cell technology products and plans to manufacture and distribute these products in the future. Fidelis owns a unique patent pending solar cell technology based on photovoltaic cells with integral light-transmitting wave guides in a ceramic sleeve. The advantage of this technology is the efficiency of less exposed surface area being required to generate electricity. The light-transmitting particles act as wave guides and allow the sun-exposed conversion area of the solar cell to be shifted readily from horizontal to vertical to capture more sunlight. The ceramic sleeve eliminates the need for expensive vacuum chambers, thereby allowing less expensive materials to be used in solar cell production.

We are developing, with plans to eventually manufacture and market, innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light-trapping and will provide increased efficiency.

Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.

Contact: Fidelis Energy Inc. Investor Relations 800-925-2381 Ext#2 info@fidelisenergyinc.com