Chapeau, Inc. Directors Approve Name Change To BluePoint Energy Products, Inc.

Business Editors/Energy Writers

RENO, Nev.--(BUSINESS WIRE)--May 23, 2001

The Chapeau, Inc. Board of Directors in a meeting held May 22, 2001, voted to approve changing the Company's name, subject to shareholder approval, to BluePoint Energy Products, Inc. Pending shareholder approval, the company will operate as Chapeau, Inc. dba BluePoint Energy Products, Inc. The company's Chief Executive Officer Guy Archbold explained, "As a result of the merger earlier this year with Specialized Energy Products, Inc., the business of Chapeau has evolved to a different focus as a developer, assembler and seller of packaged combined heat and power (CHP) and power generation systems to the electrical power market. Consequently, the name change provides us with a name better suited to branding in the company's new line of business."

About Chapeau, Inc. dba BluePoint Energy Products, Inc.

Chapeau, Inc. dba BluePoint Energy Products Inc., formerly a development stage company, intends to design, assemble and sell packaged CHP and power generation systems to market niches in need of reliable controlled energy solutions. The Company is publicly traded on the Over-the-Counter Bulletin Board under the symbol CPEU.

NOTE: The foregoing is news relating to Chapeau, Inc. dba BluePoint Energy Products, 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 Products, 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.