Crosspoint Group announces agreement to purchase and develop 1,650-acre natural gas field in Louisiana

[APRIL 17, 2006]  MANDEVILLE, La. -- Crosspoint Group (Pink Sheets: CPGP) announced Wednesday that it has entered into an agreement to acquire 50 percent working interest in Ebarb School Field-Converse Field in Sabine Parish, La. The Ebarb School Field-Converse Field covers over 1,650 acres. The agreement is pending financing and should close within 45 days. The gas production field will be a joint venture between Suncoast Technical Services of Dallas and Fremont of Oklahoma City with Public Gas Company of Nevada, a subsidiary of Crosspoint Group.

The current owners and operators, Suncoast and Fremont, jointly manage over 100 natural gas properties. The company is located in Texas, Oklahoma and Louisiana. Suncoast and Fremont have 16 active natural gas wells in the Ebarb School Field-Converse Field. Crosspoint Group has agreed to rework the gas wells and additionally drill a minimum of 15 new vertical and horizontal gas wells. These new gas wells will increase the gas production by doubling the total production volume.

Independent geological firm indicates 21 billion cubic feet of proven reserves in Fredericksburg Field

Ron Shaw, president of the independent geological consulting firm Pollin & Shaw, stated: "Our geological surveys coupled with our familiarity with the Fredericksburg Field over the past 20 years confirm that the 21 billion cubic feet of proven reserves could provide significant future production as the field is reworked and new wells are drilled." This area and formation documentation has also been confirmed by a third-party geological consultant, Robert Hamrick, Ph.D., an Oklahoma geologist with over 27 years of reservoir engineering experience.

Donald "Rex" Gay, corporate president of Crosspoint Group, stated: "This is the first transaction of this type for Crosspoint Group Inc., and we plan to continuously add similar projects to our energy portfolio. Currently we have identified additional properties and are in the process of review and will actively pursue those that are economically feasible for CPGP to acquire."

About Crosspoint Group

Crosspoint Group Inc. is a full-service energy company with natural gas drilling, natural gas production, natural gas transmission and natural gas compression sub-booster stations, as well as solar energy photovoltaic power generation, portable power lighting systems and portable power generators.

Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of CPGP's product, increased levels of competition, new products and technological changes, and CPGP's dependence on third-party suppliers.

[News release distributed by Eworldwire]