Message #2 From:
Stock News Bot Date: August 7, 2006 06:00:00 AM
CPEU News BluePoint Energy Announces Macy's Department Stores to Utilize BluePoint EnviroGen(TM) Energy Modules--''Powered by Cummins'' for Energy Reliability, Energy Savings, and Environmental Benefits
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Aug. 7, 2006--
BluePoint Energy Builds National Footprint Through Market Expansion
Chapeau, Inc. d/b/a BluePoint Energy, Inc. (OTC BB: CPEU) today announced that it has signed a Discount Energy Purchase Agreement with the Macy's East Division of Federated Retail Holdings, Inc. (Macy's East), a wholly owned subsidiary of Federated Department Stores, Inc. (NYSE: FD). This Discount Energy Purchase Agreement is intended to serve as a master agreement with Macy's East, which operates about 190 stores in 12 states, the District of Columbia and Puerto Rico. Under this initial contract with Macy's, BluePoint Energy, Inc. will permit, engineer, and install BluePoint EnviroGen(TM) Energy Modules in the Macy's store located in Brooklyn, New York. This project will be the first amongst several installments of BluePoint's newly designed, environmentally responsible, continuous-duty combined chilling, heat and power (CCHP) modules, a result of the Company's recently announced Joint Strategic Alliance with Cummins West, Inc. This initial project represents approximately $2.3 million in project revenue to BluePoint and in excess of $7 million in revenues over the 10-year term of the agreement. A number of additional Macy's store locations have been earmarked and are undergoing pre-contract finalization, including the storied Herald Square flagship store located in New York City. These contract announcements are expected shortly.
Guy A. Archbold, Chief Executive Officer of BluePoint Energy said, "We are enormously enthusiastic about this agreement. It demonstrates Macy's confidence in our state-of-the-art EnviroGen(TM) Energy Modules employing Cummins' state-of-the-art, environmentally responsible prime movers. Macy's is a historic retail operation with locations throughout the US, and we believe this presents BluePoint with a significant number of near-term opportunities."
Archbold continued, "This contract further validates the BluePoint Energy corporate mission to provide the benefit of environmentally responsible and economical onsite energy to end users, without requiring capital expenditures that are better deployed in their core businesses. The Macy's agreement, along with the previously announced similar "master" agreement with an operating company of Starwood Vacation Ownership, Inc., a wholly owned subsidiary of Starwood Hotels & Resorts Worldwide, Inc., is a most significant endorsement of both our EnviroGen(TM) Energy Module technology as well as our overall business model. These master contracts provide a simple pathway to securing additional properties which allows for tremendous scalability to our market expansion and profitability."
About Chapeau, Inc. d/b/a BluePoint Energy, Inc.
Chapeau, Inc. d/b/a BluePoint Energy, Inc. designs, assembles and sells packaged Combined Heat and Power and tri-generation systems with ultra-clean emissions utilizing SC-EGR(R) proprietary technology under the trademarks EnviroGen(TM) and Lean-One(R). Chapeau utilizes its proprietary build, own, operate, and maintain discount energy purchase agreement financial model to provide reliable, efficient, clean and cost-effective energy solutions to the end user. For more information, call 916-939-8700 or visit the Company's website at www.bluepointenergy.com.
About Federated Department Stores, Inc.
Federated Department Stores, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2006 sales expected to be more than $27 billion. Federated operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, L.G. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's and The Jones Store. The company also operates macys.com and Bloomingdales's by Mall.
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.
