News Release

Vancouver – The B.C. Securities Commission has banned a Vancouver company director from the securities markets for at least two years after he failed to give advance notice that he planned to sell shares in the company.

Caspar Koch, a director of Vancouver-based AccelRate Power Systems Inc., made 26 sales in the securities of AccelRate after he became a control person of the company. As a control person, Koch was required under the Securities Act to file a notice of his intention to distribute the securities.

(A control person is defined under the Securities Act as a person who holds a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to affect materially the control of the issuer.)

Under his settlement, Koch must pay the commission $15,000, can not serve as a director or officer of any reporting issuer, other than AccelRate, for at least two years, must complete a course on the duties and responsibilities of directors and officers and can not trade except in one account through a registered dealer.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province. Copies of the settlement agreement can be viewed in the documents database of the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.