CVET POWER CORP. Enters into Agreement with Listing Partner for the Frankfurt Stock Exchange

    TORONTO, Sept. 4 /CNW/ - CVET Power Corp. is pleased to announce that it
has entered into an Agreement with a Listing Partner in Frankfurt on the
Provision of Services with respect to a Stock Exchange Listing in the "Entry
Standard" segment on the Frankfurt Stock Exchange.
    Mr. Ervin Weisz, President & CEO, comments on this new agreement that
"The planned 'Entry Standard' listing on the Frankfurt Stock Exchange is
expected to provide significant benefits for both asset value growth and for
business growth." With regards to the value for business growth of this new
agreement, he continued "CVET POWER CORP. is poised to enter into strategic
supply partnerships and production licenses with automotive transmission
manufacturers and the automotive companies themselves. The public listing with
the transparency and disclosure requirements of the Entry Standard on the
Frankfurt Stock Exchange and the increase in effective corporate presence is
expected facilitate CVET POWER CORP.'s relationships with target customers,
which are large, world-class companies."
    When asked about the reason for the listing on the Frankfurt Stock
Exchange, Mr. Weisz explained that "A number of factors came together to
convince us to work towards listing on the Frankfurt Stock Exchange. Europe is
in the forefront of ecologically mandated regulations and CVET (Continuously
Variable Electric Transmission) technology is very well suited to provide
ecologically beneficial solutions. Moreover, many of the major automotive
transmission manufacturers are in Europe and a European listing was seen as
being able to facilitate business transactions with these companies. Another
major factor that helped guide our choice was that the Frankfurt Stock
Exchange provides one of the most cost effective routes to a listing in
Europe, and in fact, in comparison to most other exchanges around the world. 
Historically, it's the oldest stock exchange in the world and presently the
3rd largest, thus providing the opportunity to access a large investor market
that can enhance the liquidity of our securities."
    Mr. Weisz further stated that "CVET technology provides a powerful new
opportunity to the automotive market to reduce emissions and gasoline (petrol)
consumption and a cost-effective answer to the more efficient use of energy by
various powertrains as they evolve in the coming years. CVET POWER CORP. and
its shareholders are the beneficiaries of patent protection for the sale and
production of this powerful and timely technology in 15 industrialized
countries and regions of the world, in Europe, North America, South America
and Asia."
    CVET POWER CORP. has been financing its activities through qualified
equity investments and the company is in the process of raising funds through
private placement prior to listing. Private placements are to 'accredited
investors' and other persons eligible under applicable securities laws to
purchase the Company's shares under exemptions from the prospectus and dealer
registration requirements of those securities laws. Mr. Weisz pointed out that
"Each major business advance, such as the agreement announced in this news
release, can impact the company's financing goals, share price and investor
access to purchase the company's shares prior to listing."


    CVET POWER CORP. is developing and commercializing revolutionary new and
patented technology for a Continuously Variable Electronic Transmission (CVET)
with benefits that have the potential to redefine the transportation industry.
The CVET system is more fuel efficient, less expensive, smaller and lower in
weight than conventional automatic, manual and mechanically operated
continuously variable transmissions. CVET has broad application in the vast
field of transportation and may be used with conventional internal combustion
engine, hybrid, fuel cell and electric powered vehicles. The immediately
addressable market for CVET in the passenger vehicle market alone is in excess
of $100 billion. CVET POWER CORP. has built a CVET product that provides
physical proof of operation and is ready to build and commercialize a
production version of the CVET.
    For further information, please visit the company's Web site at

    Forward Looking Statements

    The foregoing press release contains forward-looking statements including
those related to the development of markets, expected business prospects,
future market and revenue potential, improvements in technology, customer and
supplier relationships, financial prospects; all of which are subject to
important risks and uncertainties. Actual results could differ materially from
those projected as a result of these risks and should not be relied upon as a
prediction of future events. Factors which could cause results or events to
differ from current expectations include, but are not limited to, the
availability of funding, existing and future relationships with suppliers and
customers, the results of commercial and technical development activities,
technological risk and uncertainty, general industry and market conditions,
availability of qualified personnel, and reliance on industry partners. CVET
POWER CORP. undertakes no obligation to update any forward-looking statement
to reflect events or circumstances after the date on which such statement is
made, or to reflect the occurrence of unanticipated events.

For further information:

For further information: Ervin Weisz, President & CEO, CVET POWER CORP.,
1271 Denison Street, Markham, Ontario, (905) 470-2900 ext. 101,

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