Finance Articles

David Schwedel of DAS Family Holdings Announces Investment Stake in Synthesis Energy Systems (SES)

CORAL GABLES, Fla. (Business Wire EON) September 27, 2007 -- Houston-based SES develops products based on innovative technologies that allow the conversion of low cost and low quality coals into high value commodities. The company recently announced an agreement with Consol Energy to investigate the development of coal-based gasification facilities to produce feedstock for various industrial chemical manufacturers. Consol Energy and SES will also investigate the feasibility of producing substitute natural gas (SNG) to meet the demand for clean, affordable energy.

"We believe strongly in the future of energy technology and in SES as an emerging leader in this industry," Schwedel stated.

In June, Schwedel filed a Schedule 13D form with the Securities and Exchange Commission disclosing his investment interest in SES.

About DAS Family Holdings, L.P.

DAS Family Holdings, L.P., is a private holding and investment organization with interests in energy, healthcare, real estate, and corporate finance. These companies are wholly owned, or controlled by the same holding or management company, DAS Family Holdings. The company is headquartered in Coral Gables, FL, with David A. Schwedel serving as Chairman. For more information: www.dasfamilyholdings.com. 4000 Ponce de Leon Blvd., Suite 470, Coral Gables, FL 33146. Telephone: (305) 740-5199.

About Synthesis Energy Systems

Synthesis Energy Systems, Inc. is an energy and technology company that deploys proprietary systems and technology to gasify low value fuels to replace high cost energy and chemical products sold to major global markets. The U-GAS(R) technology, which the company licenses from the Gas Technology Institute, is designed to turn waste coal products into high value synthesis gas for use in power and chemical applications. The technology performs this gasification without many of the harmful emissions normally associated with coal fired energy production. SES currently has offices in Houston, Texas; and Shanghai and Beijing, China. For more information on SES, visit www.synthesisenergy.com or call (713) 579-0600.

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