Chapeau, Inc.’s common stock has been deleted from OTC Bulletin Board effective November 4, 2008, on account of its failure to comply with NASD 6530. The company has been added other OTC.

Effective October 03, 2008, Chapeau Inc. changed its OTCBB stock ticker symbol to CPEU.E from CPEU.

Chapeau Inc. has received written notice of an event of default under that certain Turnkey Project Acquisition, Loan and Security Agreement dated as of March 20, 2008 between Chapeau and TEFCO, LLC. While the Notice asserts default under various provisions of the Agreement, it does not identify the factual basis for such assertion, which provisions of the Agreement TEFCO believes have been breached, the particular event(s) of default that result from such breach or the remedies TEFCO believes are available to it as a result of the default. As such, Chapeau cannot attempt to address the issue at hand and cure the asserted default. The Notice simply reserves all of TEFCO's rights and remedies available to it under the Agreement and in accordance with applicable law, asserts TEFCO's right at any time with or without notice to take whatever actions it deems necessary and appropriate to protect its security interest in its collateral under the Agreement and notifies Chapeau that any action or inaction by TEFCO with respect to its asserted event of default does not represent TEFCO's consent to or waiver of such default.