BluePoint Energy, Inc. Receives Proposed California Energy Commission Award for Engine CHP Integrated Cooling and Heating Module Development -- www.energy.ca.gov/contracts/--.

Business Editors

GRANITE BAY, Calif.--(BUSINESS WIRE)--Feb. 4, 2004

Chapeau, Inc. dba BluePoint Energy, Inc. (OTCBB:CPEU) announced today that it has received notification of award from the California Energy Commission (The Energy Commission) with respect to The Energy Commission's RFP # 500-03-503. The RFP, issued in connection with The Energy Commission's Public Interest Energy Research Program (PIER), is entitled PIER Program, Environmentally Preferred Advanced Generation. The proposed award is based upon BluePoint's proposal submitted by DE Solutions on behalf of BluePoint Energy, Inc. and its manufacturing and gas utility partners. Of the twenty-three applicants submitting proposals to the RFP, four applicants have been selected by The Energy Commission for proposed awards, of which the BluePoint/DE Solutions team is recognized. The initial product to be developed with The Energy Commission's PIER funding support will be an absorption-based heating and cooling package that will be optimally interfaced with BluePoint Energy's 260kW ultra-low emission Lean-One(R) CHP Module system.

BluePoint CEO, Guy A. Archbold, commented, "We at BluePoint are exceptionally pleased to have received California Energy Commission PIER recognition for our proposal to advance combined heating and power (CHP) of integrated cooling and heating module (ICHM) applications. We recognize that there were a number of technologically advanced submissions by skilled and noteworthy applicants for this highly visible RFP from the California Energy Commission, thus we are exceptionally proud to have our team placed so highly in the award selection rankings. Recognizing that the majority of California's remaining combined heating and power (CHP) potential is in the commercial and light industrial sectors, economic integration of thermally activated cooling will be important to obtaining the operating benefits necessary for cost effective CHP and ICHM projects in the future."

Archbold continued, "To receive the California Energy Commission's recognition at this stage of our commercial development further validates our plan to provide state-of-the-art CHP and ICHM solutions while exceeding the most stringent emission requirements in California and the U.S. We are very grateful for the cooperation and assistance we received from DE Solutions and our manufacturing and gas utility team partners.

"We recognize that as California's primary energy policy and planning agency, The Energy Commission's critical roles include oversight of funding programs that support public interest energy research, advancing energy science and technology through research, development and demonstration, and providing market support to existing, new and emerging renewable technologies. We are highly honored to be recognized in the furtherance of these efforts by the California Energy Commission."

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 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 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. 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, 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.