SymPowerco Board Approves Common Share Consolidation

  SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announced that the company's Board of Directors has approved a consolidation of its common shares, effective August 20, 2010, on the basis of one (1) new common share for every one hundred thousand (100,000) of the old common shares. To this effect, the company has filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada. Under the terms of the consolidation, all partial shares will be rounded upwards to the nearest whole share and no shareholder shall receive fewer than 100 shares, post-consolidation.

SymPowerco also announces the cancellation of the Licensing Agreement with Hybrid Energy Technologies ("HET") regarding Direct Methanol Fuel Cells ("DMFC") and certain related technologies. SymPowerco recently announced Phase II of its DMFC and Hybrid Power Systems projects and will continue to advance these projects. The cancellation of the HET license will allow SymPowerco to retain 100% control of all Intellectual Property developed within its own projects.

SymPowerco Corporation develops advanced power delivery systems for the rapidly growing personal transportation and portable power system markets.

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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