For Immediate Release
August 22, 2002

Pinnacle Global Energy announces the aquisition of all development projects from Eagle Energy

Pinnacle Global Energy announces the aquisition of all development projects from Eagle Energy. Eagle Energy has been a leading development and consulting firm in the cogeneration power market since its inception in 1985. President John Sherman said " this is part of our commitment to working with Pinnacle Global Energy, as all our project development opportunities will be transferred to Pinnacle." CEO Andrew Aymen Samawi of Pinnacle expressed the following: " Eagle has several project opportunities, at advanced stages, that are in line with our focus and target market. We are excited about our aquisition and will immediately continue developing these opportunities at refineries and other industrial and commercial facilities. We are further pleased with Mr. Sherman's decision to Join our firm as a partner & Executive Senior Vice President. Mr. Sherman's expertise spans over three decades in the global power development markets. Eagle Energy is based in Houston Texas.

About Pinnacle Global Energy, LLC.
Located in Houston, Texas, Pinnacle Global Energy through decades of its founding partners experience provides unique solutions to retrofit, finance and develop inside-the-fence distributed generation facilities.
http://www.pinnacleglobalenergy.net/