MANALAPAN,
N.J., August 30, 2007 – AccountAbilities, Inc. (Other OTC: ACBT.PK – News), a
provider of financial personnel staffing services, professional marketing
services, and management consulting services to CPA and other professional
firms, reported today that a Form S-4 Registration Statement (including a
joint
preliminary prospectus and proxy statement) has been filed by Hyperion Energy,
Inc. in connection with the previously announced proposed sale of assets
and
reverse acquisition with Hyperion. The Registration Statement was
filed with the Securities and Exchange Commission (the “SEC”) on August 28,
2007, and is not yet effective and the information in it is subject to
change. After the Registration Statement has been declared effective,
a definitive proxy statement/prospectus will be sent to AccountAbilities
shareholders prior to the holding of a special meeting of AccountAbilities’
shareholders to vote on the proposed transaction.
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