A-POWER ENERGY (GREY:APWR)

Thursday, May 22, 2008

2007 financial notes:

* 2007 Net Income increased 103% to $15.2 million.

* 2007 Revenue increased 54.5% to $152.5 million.

* Backlog as of March 31, 2008 approximately $550 million, up from $398.2 million at the end of 2007.

* Exceeded the make good net income target, associated with the reverse merger, of $14 million.

The GEO Team is awaiting the filing of the firm's 2007 10 K

APWR has a full exemption from PRC income tax for two years starting from 2007 and a 50% exemption from PRC income tax for three years starting from 2009.

(Source: Press, March 31, 2008)

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