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SEATTLE, WA – March 28, 2006 About Neah Power SystemsBased 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.
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