Acro Energy Names Permanent CFO and Creates Advisory Board

Acro Energy Technologies Corp news release with annotations

June 01, 2009 16:44 ET

HOUSTON, TEXAS and VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - Acro Energy Technologies Corp. (TSX VENTURE:ART) (the "Company") announces it has named Buu Q. Tran as the Company's permanent Chief Financial Officer.

The Company has also created the Acro Energy Advisory Board. The purpose of the Advisory Board is to help the Company efficiently increase its value. The Company appointed Robert J. Giblin and David Doherty as the advisory board's first members.

The Company has issued to its directors, officers and consultants a total of 350,000 options to purchase common shares of the Company at an exercise price of $0.265 per share for a period of five years, expiring on May 19, 2014.

The Company has eliminated the position of Executive Vice President, Strategic Development held by J. Peter Lynch. The Company thanks Mr. Lynch for his service.

About Acro Energy Technologies Corp.

Acro Energy Technologies is focused on the consolidation and growth of renewable energy companies, primarily in the United States solar market. Acro Energy Technologies continues to evaluate suitable acquisition candidates across North America.

On Behalf of the Board of Directors,

Douglas A. Samuelson, Executive Vice President

This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.