David Schwedel of DAS Family Holdings Announces Increase to 10% in Holdings of Synthesis Energy Systems

Business Wire, Dec 4, 2007

CORAL GABLES, Fla. -- David A. Schwedel, Chairman, DAS Family Holdings, LP, announced today an increase to approximately 10% in holdings of Synthesis Energy Systems, Inc. (NASDAQ:SYMX). A Form 3 filed today with the United States Securities and Exchange Commission disclosed ownership of 3,306,200 common shares.

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.

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

DAS Family Holdings, LP, 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. For more information, call 305-740-5199 or visit www.DASFamilyHoldings.com.

About Synthesis Energy Systems

The Company 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 high-ash coals and waste coal products into high value synthesis gas for use in chemical applications or as a feedstock for producing transportation fuels. The technology gasifies coal without many of the harmful emissions normally associated with coal combustion plants. The Company currently has offices in Houston, Texas, Shanghai and Beijing, China. For more information on the Company, visit http://www.synthesisenergy.com or call 713-579-0600.