VRB Power Obtains Court Order for Sale of Assets



    RICHMOND, BC, Jan. 20 /CNW/ - VRB Power Systems Inc. ("VRB Power")
(TSX-V: VRB) announces that it has received approval from the British Columbia
Supreme Court to proceed with the sale of its assets pursuant to the
completion of an Asset Purchase Agreement ("APA") dated December 23, 2008 with
JD Holdings Inc., the parent company of Prudent Energy, based in Beijing,
China.
    Under the terms of the APA, JD Holdings Inc. has agreed to purchase
substantially all of VRB Power's intellectual property rights (patents,
trademarks and know-how), plant equipment and certain inventory items for
$2,000,000 USD. An additional $125,000 USD will be allocated to clean up costs
for VRB Power's Richmond British Columbia facility. A $600,000 USD
non-refundable deposit has been received from JD Holdings Inc. and is
currently being held in trust by Abakhan & Associates Inc., Interim Receiver
of the company.
    A court order was obtained from the British Columbia Supreme Court on
January 19, 2009 which approves the sale with effect on January 28, 2009
("Approval Date"). Any shareholder of VRB Power is entitled under the order to
apply to the Court on one clear days' notice to the Interim Receiver to set
aside or vary the order prior to January 28, 2009.
    Proceeds from the sale of the assets, which is expected to be completed
one day following the Approval Date, will be applied to settle outstanding
creditors and other corporate liabilities of VRB Power.

    Caution regarding forward-looking statements: VRB Power's press releases
may contain forward-looking statements. These statements are based on
management's current expectations and beliefs which are subject to a number of
known and unknown risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in our forward-looking
statements. The Company does not assume any obligation to update any
forward-looking statements contained in this press release.

    
    Philip McCourt
    Abakhan & Associates Inc.
    

    %SEDAR: 00005550E




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