BluePoint Energy Announces Asset Acquisition.

EL DORADO HILLS, Calif. -- Chapeau, Inc. (OTCBB:CPEU) dba BluePoint Energy, Inc. (BluePoint) announced today that it has entered into an Asset Purchase Agreement ("Agreement") with Sierra Precision Services, LLC ("Sierra") to purchase certain business assets of Sierra. Under the Agreement, the purchase price for the business assets is payable by BluePoint pursuant to the terms of a 3-year non-interest bearing unsecured note. The purchased business assets are comprised principally of fabrication, assembly, and test equipment to substantially augment and upgrade BluePoint's production capabilities.

Guy A. Archbold, Chairman and Chief Executive Officer, commented, "BluePoint is exceptionally pleased to announce this significant asset purchase along with employment agreements for three key Sierra principals, Mr. Steven Brandon, Mr. Michael de'Marsi, and Mr. Mark Wynar, all formerly employed by Hess Microgen, a division of Amerada Hess Corporation, prior to forming Sierra approximately one year ago. As a consequence of our recently announced Joint Strategic Alliance Agreement with Cummins West, Inc., it became immediately clear that based upon projects now in final stages of contractual discussion, BluePoint required the assets represented within Sierra in order for us to be a more completely integrated manufacturer for large scale projects requiring completion by the end of this calendar year. There is but no question that had we procured these multiple assets new, the acquisition prices would have exceeded $5 million. In addition, we were able to lease what we consider to be the most state-of-the-art cogeneration production facility in the United States, which was formerly held by Sierra, thus precluding the disruption and costs associated with relocation."

Archbold continued, "This asset purchase agreement will enable us to meet the anticipated increased demands for project development and corresponding product sales emanating from of our recently announced Joint Strategic Alliance Agreement with Cummins West, Inc."

About Chapeau, Inc. dba BluePoint Energy, Inc.

Chapeau, Inc. dba BluePoint Energy, Inc. designs, assembles and sells packaged Combined Heat and Power and tri-generation systems with ultra-clean emissions utilizing SC-EGR(R) proprietary technology under the trademark Lean-One(R). Chapeau utilizes its proprietary build, own, operate, and maintain discount energy purchase agreement financial model to provide reliable, efficient, clean and cost-effective energy solutions to the end-user. The Company trades publicly on the Over-the-Counter Bulletin Board under the ticker symbol CPEU. For more information, call 916.939.8700 or visit the Company's website at 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.