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To: Joe Copia who wrote (86995)	6/21/2001 11:35:17 AM
From: Jim Bishop	Respond to of 150070

GVLT Greenvolt Power Readies a 200kW Fuel Cell Power Plant for Delivery in July 2001 ORILLIA, ONTARIO, JUN 21, 2001 (CCN Newswire via COMTEX) -- Greenvolt Power Corp (OTCBB:GVLT), a development stage company specializing in alternative energy sources, is readying a 200kW Phosphoric Acid Fuel Cell (PAFC) Power Plant for delivery in July 2001. The 30-ton unit, fuelled by natural gas and air, is designed as a stationary, independent power plant with sufficient power and heat output to supply approximately 20 sizeable homes (3,000 sq. ft. each) with electricity and heat on a daily, year-round basis. The GVLT/PAFC-200(TM) operates at an overall efficiency of approximately 80%, delivering electricity/heat on a 50/50 basis. Its maximum net continuous electrical power output capability is 200 kW/235kVA at ambient temperatures of -20 to 110 degrees farenheit at up to 500 ft. above sea level. The natural gas can be supplied at normal "house delivery pressure". The GVLT/PAFC-200(TM) is fully automated, self-contained, and housed for outdoor installation. It runs for approximately 30,000 continuous hours (about 7 to 10 years) before a stack replacement and requires only infrequent checks to ensure reliable operation. Operation is virtually silent and reduces emissions by a factor 1/550 and carbon dioxide emissions are approximately 2.5 times lower than an average fossil fuel power plant. "If reduced pollution and lower power production costs are our immediate objective," stated Thomas Faul, President and CEO of Greenvolt Power Corp, "The competitively priced and energy efficient GVLT/PAFC-200(TM) is unquestionably the way to go." Faul added that three separate parties have expressed interest in the GVLT/PAFC-200(TM) and a decision will be made in 30 days as to which will be the recipient. Greenvolt Power Corp recently launched and received favorable response to a series of cost-effective, environmentally friendly, power-producing products. The Company anticipates continued financial growth and impressive profits from the sale of the GVLT/PAFC-200(TM). About Greenvolt Power Corp Greenvolt Power Corp, a development stage company, focuses on the commercialization of alternative, efficient and affordable sources of energy through the utilization of unique, frost-proof and emission-free modular Alkaline Fuel Cell (AFC) systems and products, with a future eye on exploring other alternative energy sources such as Solid Polymer fuel cells and Magnesium Air Water fuel cells. An abundant, renewable power source, fuel cells are designed to produce non-polluting, direct current electric power for use in stationary and portable power applications. For additional information, visit the company's website at www.greenvolt.com. This press release contains forward-looking statements relating to future results of the company as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the successful commercialization of its alternative fuel cell technology; its ability to acquire and develop both new and existing forms of alternative energy technology; market acceptance and demand; pricing pressures and other competitive factors; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: Promark Inc., Philadelphia, PA Ken Lowman (215) 923-8600 or Greenvolt Power Corp Thomas Faul (705) 326-1117 Website: www.greenvolt.com Copyright (C) 2001, Canadian Corporate News. All rights reserved. NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE - A SERVICE OF ITG -0- INDUSTRY KEYWORD: CMT - Communications Technology SUBJECT CODE: PDT - NEW PRODUCTS/SERVICES * end of story *