Accel Energy AG
Accel Energy AG: Accel Energy AG announces Half Year Result
Accel Energy AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Zurich, December 20, 2007 - Accel Energy Group (WKN:A0LFLF) has registered very good results for the first half of 2007. Revenues climbed to US$ 33,001,014, with a pre- tax profit of US$ 2,097,539. This result represents an approximately 8% increase over the previous year’s value and reflects Accel Energy’s continuously strong growth trend. These consistent, positive results in great part are due to the progress made on the Chinese market as well as to Accel Energy’s successful management. The production of Crude Oils and concurrently Shale Asphalt Binder (SAB) has led to the steady growth of the company’s revenues and market strength. Accordingly, Accel Energy’s products have established their presence in a variety of areas of industry as well as in carrier shipping. Based on these trends and figures and supported by the rise in oil prices, the company’s management expects steady growth over the 2008 to 2010 period in the Chinese market as well as in the Near and Middle East. Following revenues for the first half of 2007, Accel Energy expects revenues of ca. US$ 67,000,000 for the running year. However, not only will revenues grow strongly, but profits are expected to grow more strongly than the general market. Consequently, after a profit in 2006 of US$ 6,595,469, Accel Energy expects a business profit for the running year of ca. US$8,000,000. Next year, new operative locations in Jordan and in Dubai will come into effect, as will the company’s listing on the Dubai stock exchange. Both of these developments have not been included in the company’s prognoses. Much of Accel Energy’s focus remains centered on its projects in China which are expanding steadily and should generate further revenue growth. Accel Energy Accel Energy is a crude oil company that provides refinery services and value-added petroleum products made from crude oil. The company has been doing business in China since 1985 and is recognized as a successful leader in business development. Accel Energy has an experienced management team, with excellent political and business contacts in China, the U.S. and the Middle East. Disclaimer Information contained herein contains forward-looking statements; not guarantees of future success. The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. Accel Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood. Accel Energy assumes no obligation to update or supplement forward- looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings. Accel Energy AG Untermüli 6 CH-6300 Zug Switzerland Tel. +41 41 560 71 03 e-mail ir@accelenergy.com Internet www.accelenergy.com 20.12.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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