IPWG International Power Group Ltd (CE)

International Power Group, Ltd. (Pink Sheets:IPWG), a leading provider of waste-to-energy solutions, including waste-to-energy development and waste-to-energy technologies, announced that on April 14, 2010 the Securities Exchange Commission issued a ruling in the Administrative Appeal before the SEC in regard to IPWG's application for a stay of the Depository Trust Company ("DTC") chill on the public trading of IPWG's common stock.   

In its ruling, the SEC denied the requested stay of the chill pending the decision of the SEC on the legality of the DTC's actions that are currently presented in the administrative appeal.  As such, the DTC chill shall remain in place. The SEC found that IPWG did not present sufficient evidence to prove that IPWG or its shareholders have suffered "irreparable harm" by DTC's actions and that the chill did not appear to "negatively affect the efficiency of the market in IPWG shares".

The SEC further stated: "To the extent that investors experienced difficulties trading IPWG shares after the suspension of services, it appears that the policies of their brokers, rather than any requirements of the DTC, caused such difficulties.

IPWG's CEO, John Benvengo stated, "we are obviously disappointed with this ruling, but we view it merely as a setback, and not the final answer. We intend to continue to fight to convince the SEC that IPWG and its shareholders have suffered tremendous harm by the DTC chill, that the market for IPWG shares has been negatively impacted and that the DTC chill is completely unjustified under the circumstances."

The SEC has asked several questions of the parties and has set a schedule for further submissions to the SEC administrative appellate panel: (1) on May 13, 2010 the DTC will file its response to the questions raised by the SEC; (2) on June 14, 2010 IPWG submits its response and opposition to the DTC's response; and (3) on June 28, 2010 the DTC will file a reply to IPWG's submission.

A copy of the ruling and the Company's motion papers requesting a stay will be made available on the Company's website.

About International Power Group, Ltd.

International Power Group, Ltd. is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials.  Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water.  Founded in 2004, IPWG is a publicly traded company, listed on the Pinksheets.

FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include all statements relating to the any future actions taken by the Company to contest the DTC chill and any decisions made by the SEC in respect thereof. All forward-looking statements in this press release are made as of the date of this press release, and the company assumes no obligation to update these forward-looking statements other than as required by law. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements.  The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products.  Additional information with respect to these and other factors, which could materially affect the company and its operations, are included the company's previous filings with the Securities and Exchange Commission.

CONTACT:  International Power Group, Ltd.

          John Benvengo, CEO/President

          407-566-0318

          www.i-pwg.com