HYPF Hypower Fuel Inc (CE)

HyPower (PINK SHEETS: HYPF) announced today that it is in discussions to acquire a number of companies in the Green Renewables Sector with an emphasis on profitability and explosive growth.

Mr. Douglas Bender, President and CEO of HyPower, explained that "We continue to believe that HyPower is undervalued in the marketplace. In opening discussions with potential acquisition targets we had two primary goals in mind. The target companies must have leading edge green technologies and they must be on the cusp of explosive growth with the potential for double digit near term profitability. We believe that we have entered into negotiations with two such companies that would augment HyPower's product offering positively and immediately. We will be providing more information on these exciting opportunities as we progress through the acquisition process."

About HyPower Fuel Inc.

HyPower is a category leading company in the energy technology sector, providing innovative, clean alternative energies through unique methods. Currently HyPower has hydrogen insertion/production and biodiesel technologies in development and/or in the product commercialization stage. For more information please visit: www.hypowerfuel.com and/or contact us at: hypower@hypowerfuel.com.

Safe Harbor - This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of HyPower Fuel Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The actual results achieved may differ materially from any forward-looking statements due to these risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

Contacts: Newstrack Communications (587) 987-8585