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Growth Merger Name Change

SEATTLE, WA – March 24, 2006
Neah Power Systems, Inc., a Nevada corporation (formerly, Growth Mergers, Inc., (Pink Sheets: GMGI) announced here today that it has received confirmation that on March 28, 2006, its trading symbol will change to reflect the name change from Growth Mergers Inc., to NEAH Power Systems, Inc.. While the Company has not been notified on what the new symbol will be, it has received a new CUSIP number which reflects the name change and pending ticker change. The Company's new CUSIP number is 63948P107.

The Company would also like to comment on certain recent news and web site articles that appear to not fully understand the transaction completed on March 10, 2006. Under the terms of an agreement and plan of merger Growth Mergers, Inc. acquired 100% of the capital stock of NEAH Power Systems, Inc., a Washington corporation. Growth Merger then changed its corporate name to Neah Power Systems, Inc. At the time of closing the transaction, Growth Merger was a public company with no business operations or investments and with minimal liabilities. The prior business interests of Growth Merger had been disposed of over four years prior to the acquisition of NEAH Power and such prior businesses had and have absolutely no relationship to or connection with the business of NEAH Power, its management or business.

About Neah Power Systems

Based in Bothell, Washington, NEAH Power was founded in 1999 to develop direct methanol fuel cells (DMFCs) using a patented, silicon-based design to provide long-lasting, efficient, and safe power solutions for mobile electronic devices, in consumer, commercial and military applications. For more information about Neah Power please visit www.neahpower.com.

The Company is in the process of completing an audit of the financial statements of its NEAH Power subsidiary and intends, as soon as practicable, to file with the Securities and Exchange Commission appropriate documents to fully disclose, among other things, the terms of the merger transaction, the NEAH Power business, financial condition, management and relevant risk factors. The Company will seek to register its common stock under the Securities Exchange Act of 1934, as amended, and will also seek to list its common stock for trading on the NASD OTC Bulletin Board. However, there can be no assurance that the SEC will approve such filing or that the Company's common stock will be approved for listing on the OTC Bulletin Board.

For More Information

For press inquiries or additional information, please email ir@neahpower.com.