BluePoint Energy, Inc. Closes $2.5 Million Financing.Business Editors EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif.--(BUSINESS WIRE)--April 20, 2004 Chapeau, Inc. dba BluePoint blue·point also blue point n. A small oyster (Crassotrea virginica) found chiefly in coastal waters of the eastern United States and usually eaten raw. Energy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPEU) announced today the closing of $2.5 million in two financing transactions. The Company reported the closing of a $2 million 5-year convertible bond purchase transaction made as the Stage II investment in connection with a $5.9 million financing transaction with Calim Private Equity, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , of Aspen, Colorado The City of Aspen is a Home Rule Municipality that is the most populous city and the county seat of Pitkin County, Colorado, United States. According to 2006 Census Bureau estimates, the population of the city is 5,804. announced in August 2002. The Company also reported the closing of $500,000 private placement for the sale of its Common Stock with a private individual. BluePoint Energy CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Guy A. Archbold, commented, "We are of course very pleased that based upon current development and results, our significant investor base has chosen to further invest in our business model and the exceptional work of our talented employee base. True to our founding charter to provide superior service and timely product development to the distributed energy generation market, we have been successful in and remain committed to initiating, receiving, and closing significant partnerships and alliances with highly recognized industry leaders as a critical component of our incremental approach to full commercialization and market acceptance of our Lean-One(R) technology. These most recent financing transactions provide both independent substantiation of our Company's mission and direction as well as substantial working capital to finance our current marketing plan and orders in progress." About Calim Private Equity, LLC Calim Private Equity, LLC is a private equity investment firm based in Aspen, Colorado specializing in early stage finance. About Chapeau, Inc. dba BluePoint Energy, Inc. Chapeau, Inc. dba BluePoint Energy, Inc. designs, assembles and sells packaged Combined Heat and Power generation systems under the trademark Lean-One(TM) to utilities, energy service companies and commercial end users in need of reliable, efficient, clean and cost-effective energy solutions. The company trades publicly on the Over-the-Counter Bulletin Board under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CPEU. For more information, call 916-780-6764 or visit www.bluepointenergy.com. NOTE: The foregoing is news relating to Chapeau, Inc. dba BluePoint Energy, Inc. (the "Company") and contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. dba 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. |
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