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Tuesday, 01/02/2007 9:14:25 PM

Tuesday, January 02, 2007 9:14:25 PM

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Xtreme Technologies Inc. Announces Pending Acquisition
Xtreme Technologies, Inc. (Pink Sheets: XTMG) announces today that it has entered into a binding Letter of Intent to merge the company with Emerald Energy Partners, Inc. (EEPI). EEPI has been formed to execute a planned entry into the Oil and Gas Industry at a time when high product prices have opened development opportunities not previously available. Based upon independent reserve reports, they own approximately 500,000 barrels of proved producing reserves with opportunity for additional acquisitions and development. Its management has experience in both the oil and gas industry and publicly traded companies.

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