HOUSTON, Texas (Aug. 10, 2010) – Acro Energy Technologies Corp. (TSX Venture: ART), a leading U.S. residential solar energy integrator, today announced results for its second quarter ended June 30, 2010.

Acro Energy earned net income of $220,075 for the three months ended June 30, 2010.  This compares to a net loss of $423,078 in the three months ended May 31, 2009 and a net loss of $43,956 for the three months ended March 31, 2010.  The Company earned net income of $176,119 for the six months ended June 30, 2010.   

During the three and six month periods ended June 30, 2010, the Company achieved positive EBITDA of $402,325 and 524,218, respectively.  This compares to negative EBITDA of $255,207 and 975,677 for the three and six month periods ended on May 30, 2009.  

Revenue for the second quarter of 2010 increased 293% to $5.5 million from $1.4 million recorded in the comparable period last year and was up 44% over first quarter revenue of $3.8 million.

The Company’s gross profit and gross margin for the three months ending June 30, 2010 was $1,973,636 or 36% compared to $543,919 or 39% for the three months ending May 31, 2009 and $1,451,824 or 38% for the three months ending March 31, 2010.  

The second quarter of 2010 is only the second full quarter of operations for Acro Energy that includes results for all three solar installation companies acquired and integrated in 2009. 

“We are very pleased with our strong second quarter results which are in line with our previously stated forecast for the year,” commented Harry Fleming, chief executive officer of Acro Energy.  “Achieving profitability at this early stage of the Company’s development is a tremendous milestone,” continued Fleming.

“Giving our customers the power to save money on their electricity bills has helped us grow quickly into a profitable solar integration company,” said Nat Kreamer, president of Acro Energy.  

The Company also announced the filing of its management prepared financial statements and management’s discussion and analysis (MD&A) for the three and six month periods ended June 30, 2010.  Electronic copies of these documents are available on Acro Energy’s profile at SEDAR, www.sedar.com.

About Acro Energy 

Acro Energy Technologies Corp. is focused on the consolidation and growth of renewable energy companies, primarily in the United States residential solar energy installation market.  Acro Energy provides practical solutions to individuals, businesses, non-profit organizations, and governmental entities that can benefit from the value of solar power.  As a high end system integrator, Acro Energy offers quality products from leading solar module manufacturers such as Suntech and Sharp and residential solar financing plans from SunRun, the nation’s leading provider of home solar financing.   Acro Energy continues to evaluate acquisition candidates across North America.  

For more information, please visit www.acroenergy.com or email info@acroenergy.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

This press release contains references to EBITDA (earnings before interest, taxes, depreciation and amortization). Management believes that EBITDA is a useful supplemental measure of cash available for growth prior to debt service, capital expenditures, income taxes and other reserves. However, EBITDA is not a recognized measure under Canadian GAAP and does not have a standardized meaning prescribed by Canadian GAAP. Therefore, EBITDA may not be comparable to similar measures presented by other issuers. Investors are cautioned that EBITDA should not be construed as an alternative to net income or loss (which are determined in accordance with Canadian GAAP) as an indicator of the performance of the Company or as a measure of liquidity and cash flows.

Investor contact: Martin C. Spake, Chief Financial Officer, Acro Energy

713/ 715-1004

mspake@acroenergy.com 

Media contact: Laura Pennino for Acro Energy

281/286 9398 X 1 or 713/419-1776 mobile

lp@penninoandpartners.com

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