AccelRate Power Appoints European Investor/Advisor

May 19, 2005 by Jeff Shepard

AccelRate Power Systems (Vancouver, BC, Canada), a developer of rapid battery chargers, announced that it has appointed Accent Marketing Limited as its investor and public relations advisory firm in Europe. AccelRate will commit to fees of approximately CDN$75,000 during the one-year contract. In addition, AccelRate will grant to Accent a stock option exercisable for one year from the date of the agreement, to purchase up to 75,000 common shares in the capital of AccelRate at a price of CDN$1.50 per share.

"We are very pleased to have Accent Marketing, with their strong communications skills, join our team," said AccelRate Power Systems Chairman Caspar Koch. "Accent’s extensive background in investor relations and public relations, coupled with its contacts within the European environmental investment funds and industry, will prove invaluable to AccelRate as we continue to expand our business worldwide."