SOLANA BEACH, CA -- (MARKET WIRE) -- 04/21/2006 -- Open Energy Corp. (OTC BB: OEGY) (the "Company"), formerly Barnabus Energy, Inc. (OTC BB: BBSE) (WKN: A0D8Y7 / ISIN: US06769P2011), wishes to announce that effective immediately, the company shall henceforth operate under the name OPEN ENERGY CORP., which best reflects management's current strategic outlook and planning.
The new name represents the wide open global market opportunities for the Company's products and technologies, and the tremendous contributions that clean, green power can make to people's lives. It also signifies management's commitment to open, honest, proactive communications with our shareholders, customers, strategic partners, and the communities in which we do business.
The new look of the logo and identity is based upon the architecture of a photovoltaic cell. In addition to being a monogram of our initials, it encompasses the images of a star, the sun; source of all energy on earth; and a leaf -- nature's own solar cell.
We look forward to working with our shareholders, partners and customers to open the doors to renewable energy and the contributions it will make to a bright, sustainable future.
ABOUT THE COMPANY
Open Energy Corp. focuses on the development and commercialization of renewable energy products and technologies for a wide range of applications including solar energy, power production, and water desalination. The Company pursues these objectives through acquisitions, strategic partnerships, technology transfer opportunities, and other business strategies.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Open Energy Corp. and/or Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Open Energy Corp.
David Saltman, President