Acro Energy Realigns Management Team and Closes Private Placement

* Reuters is not responsible for the content in this press release.

Wed Nov 4, 2009 8:25am EST

HOUSTON--(Business Wire)--
Acro Energy Technologies Corp. (TSX Venture: ART), a leading US solar
integrator, has named Steve Vella as Director, Business Development, effective
immediately, to focus on the Company`s national expansion efforts. Vella is
moving out of the position of Chief Operations Officer. 

"Steve`s experience building solar businesses is going to give us great leverage
as we expand across the country," said Nat Kreamer, president of Acro Energy. 

"Steve`s background and experience will be instrumental in our expansion
efforts," said Harry Fleming, chief executive officer of Acro Energy. "We
believe we can leverage Steve`s talents as we evaluate current acquisition
candidates and decide the order of future acquisitions to the Acro family of
companies to create a national footprint." 

"I am thrilled to help create and deploy the growth initiatives that Acro Energy
will be introducing in the next six months," said Vella. 

The Company also announces that it has received TSX Venture Exchange approval to
close the $0.185 non-brokered private placement announced on October 30, 2009
(the "Private Placement"). 

The Company raised gross proceeds of $436,792 from the sale of 2,361,038 units
(the "Units") at a price of CDN $0.185 per Unit. Each Unit is composed of one
common share in the Company and one share purchase warrant (the "Warrants").
Each Warrant will entitle the holder to purchase one additional share of the
Company at an exercise price of CDN$0.35 per Share for a period of two years
following the closing of the Private Placement. The Units are subject to a
four-month hold period expiring March 5, 2010. 

About Acro Energy

Acro Energy Technologies Corp. is focused on the consolidation and growth of
renewable energy companies, primarily in the United States residential solar
energy installation market. Acro Energy provides practical solutions to
individuals, businesses, non-profit organizations, and governmental entities
that can benefit from the value of solar power. As a high end system integrator,
Acro Energy offers quality products from leading solar module manufacturers
including SunPower, SunTech, and Sharp. Acro Energy continues to evaluate
suitable acquisition candidates across North America. 

For more information, please visit www.acroenergy.com or email
info@acroenergy.com. 

On Behalf of the Board of Directors, 

Douglas A. Samuelson, Executive Vice President 

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.

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.

Acro Energy
Investor contact:
Martin C. Spake, 713-715-1000 X 3
Chief Financial Officer,
mspake@acroenergy.com
or
for Acro Energy
Media contact:
Laura Pennino, 281-286-9398 X 1
or 713/419-1776 (mobile)
lp@penninoandpartners.com

Copyright Business Wire 2009

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