Date: Thursday, February 02, 2006
Trading Symbol:OTCBB:BBSE
Barnabus Energy Prepares for Change
Barnabus Energy, Inc. (OTC BB: BBSE) wishes to announce that a general shareholders' meeting is scheduled to take place at the Hilton Hotel in Del Mar, California, on February 9th at 10:00 am. The meeting is to be held in conjunction with a two-day agenda of corporate strategic planning sessions.
Perhaps most significant, is Management's intent that shareholders have a vote on the approval of a name change from Barnabus to "Open Energy Corporation" as part of the Company's ongoing commitment towards becoming a world-class Renewable Energy organization. The management meetings of February 8th and 9th will encompass corporate, strategic and tactical sessions, including corporate finance, compliance, human resources, marketing, sales, research and development initiatives.
The meetings provide a forum whereby all Directors, senior executives and managers of Barnabus and affiliates Connect Renewable Energy and Solar Roofing Systems will come together for the first time as a single unified organization.
President and CEO David Saltman comments that "We are fortunate to re-brand and re-shape this company with a clear mission and a very talented management team. The opportunities for our company are limited only by our imaginations and our ability to deliver upon our business plan. Over the past six months, we have built the foundations of what will become a great company. These meetings mark a new era, one which is designed to generate value for our shareholders, employees, partners and customers."
Further announcements outlining specific achievements and outcomes resulting from next week's meeting will be released as soon as agreements are completed and as circumstances permit.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a world-class Renewable Energy company. Barnabus is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
