BluePoint Energy Completes Initial EnviroGen(TM) Powered Cogeneration Facilities...

Tue Jun 17, 2008 8:00am EDT

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BluePoint Energy Completes Initial EnviroGen(TM) Powered Cogeneration Facilities for Major Resort and Retail Installations

     Projects Represent $6.1 Million in Current Quarter Projected
                               Revenues
EL DORADO HILLS, Calif.--(Business Wire)--
Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) announced today
that it is in the final stages of completing the first three turnkey
cogeneration installations in support of its previously executed
proprietary discount energy purchase agreements. These installations
at the prominent Macy's Store in Brooklyn, New York and the newly
renovated Westin Kaanapali Ocean Resort Villas on the island of Maui,
Hawaii represent to BluePoint approximately $6.1 million in revenue.
Powered by BluePoint's environmentally responsible, ultra-clean
EnviroGen(R) Energy Modules, these cogeneration installations will be
utilized to meet a significant portion of each facility's electrical,
heating and cooling demands, while providing simultaneously
significant environmental and economic benefits to the facilities.

   Guy A. Archbold, Chief Executive Officer of BluePoint Energy,
commented, "We are very pleased to have completed these initial,
high-profile customer sites. We believe these installations will be
the first of many to be among the most technologically advanced and
environmentally responsible onsite cogeneration facilities while
exemplifying BluePoint's unique capabilities in modular power plant
design and construction. We consider these to be true showcase
installations that will greatly benefit our efforts to capitalize on
the vast market opportunities throughout the country as evidenced by
both economic incentive programs in connection with distributed
generation as well as, in the case of the preponderance of the
Hawaiian Islands, the recent favorable ruling by the Hawaiian Public
Utilities Commission making standby energy rates optional for
consumers who install cogeneration and other forms of distributed
generation power systems."

   Archbold concluded, "While we are most pleased to announce
significant revenue growth in this quarter from years of development
and hard work while completing unique technological advances in onsite
cogeneration, we are even more enthusiastic to acknowledge the many
more significant opportunities that we are now pursuing in both
cogeneration and demand response as a consequence of our
state-of-the-art technologies and subsequent showcase sites. As
current bookings for future revenue become more quantifiable and
complete, we intend to provide prospective quarterly revenue guidance
in the near future."

   About Chapeau, Inc. d/b/a BluePoint Energy

   Chapeau is an energy management company that provides
state-of-the-art, technology-based, environmentally responsible
(green) demand response (DR) and combined heat and power (CHP)
solutions to commercial and industrial energy users across the
majority of public and private industry sectors, including
hospitality, retail, healthcare, manufacturing and government.
To-date, the Company's efforts have focused principally on
incorporating innovative and proprietary engineering solutions into
its D-RAAP(TM) (Demand Response Asset Aggregation Program) and
EnviroGen(R) Energy Modules, both solutions utilizing Chapeau's
proprietary, robust, multi-layered, Internet and microprocessor-based
GenView(TM) control systems.

   The foregoing is news relating to Chapeau, Inc. d/b/a BluePoint
Energy, Inc. (the "Company") and contains forward-looking statements,
which are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements. When
used in this report, the words "anticipate," "believe," "estimate,"
"expect" and similar expressions as they relate to the Company or its
management, including without limitation, Chapeau, Inc. d/b/a
BluePoint Energy, Inc. (as defined herein) and/or the Company's other
subsidiaries, are intended to identify such forward-looking
statements. The Company's actual results, performance or achievements
could differ materially from the results expressed in, or implied by
these forward-looking statements. For a discussion of additional
factors that may affect actual results, investors or interested
parties should refer to the Company's filings with the Securities and
Exchange Commission; in particular, its annual report on Form 10-K,
most current 10Q and other filings as may be relevant. This does not
constitute an offer to buy or sell securities by the Company, its
subsidiaries or any associated party and is meant purely for
informational purposes.

Chapeau, Inc. d/b/a BluePoint Energy
Investor Relations, 916-939-8700
www.bluepointenergy.com
or
Porter, LeVay & Rose, Inc.
Marlon Nurse, VP - Investor Relations
Bill Gordon, SVP - Media Relations
Jeff Myhre, VP - Editorial
212-564-4700

Copyright Business Wire 2008
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