Global Energy (AMEX:GNH)
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Global Energy Holdings Group, Inc. (NYSE Alternext US: GNH) today
announced management appointments to the executive team of its
subsidiary, Global Energy Systems, Inc. (GES). GES develops renewable
energy projects for commercial and governmental organizations, with a
focus on biomass, landfill-gas-to-energy, waste-to-energy, utility
energy service contracts and energy conservation measures.
Charlie Wall has been named Chief Operating Officer of Global Energy
Systems. A veteran of the energy industry, Wall was most recently the
Vice President of Development for Jacoby Energy Development, Inc., where
he was responsible for planning, directing and implementing business
development opportunities. He has twenty years’
experience in the utility industry working for Georgia Power and the
Southern Company (NYSE:SO). Wall also had a key role at Energy Systems
Group (ESG), a division of Vectren Corporation (NASDAQ:VVC), where he
was responsible for developing renewable energy projects. Wall focuses
on the day-to-day operations of the company, as well as pursuing
appropriate strategic acquisitions and mergers.
Bill Haynes has been named Chief Technology Officer of GES. Haynes was
formerly a Vice President of Engineering at Jacoby Energy Development,
Inc., where he was responsible for engineering functions including the
design and construction of landfill gas-to-energy projects, both for
electricity generation and gas purification. Haynes also led the
development of a plasma arc system designed to destroy municipal solid
waste and to produce synthetic gas for the production of electricity,
heat, chemicals and fuels. Previously, Haynes was a senior performance
and cogeneration engineer for Energy Systems Group (ESG), a
division of Vectren Corporation, where he designed self-funding projects
for education, industrial, institutional, and government facilities.
Haynes also has international experience, having developed projects for
ten manufacturing plants in China. He works with Charlie Wall to provide
technical assessment of potential merger and acquisition candidates, and
he monitors and assesses new technologies for commercial viability.
Don White has been named Vice President of Sales and Business
Development. With over 20 years of energy project development and asset
management experience, White has secured over $1 billion in energy
related transactions. White is responsible for revenue generation and
cultivating new opportunities in multiple markets for GES. Additionally,
he helps formulate and execute the strategic direction of GES.
Frank Pucciano has been named Vice President of Engineering. With 30
years of experience creating innovative solutions to energy problems in
the industrial, education, and government sectors, Pucciano has
extensive expertise in cogeneration, landfill, and digester gas power
generation, distributed generation, building automation systems, and
advanced energy conservation initiatives. He has also been a
contributing or lead engineer on over $100 million of energy projects.
Pucciano is responsible for applied engineering and oversight of all
Global Energy Systems projects.
Randy Dix has been appointed as Director of Construction and Operations.
Dix brings over 18 years of experience developing creative solutions to
energy and facility challenges in the education, healthcare, commercial,
and government sectors. Randy is a key member of our management team and
incorporates a “hands on”
approach to implementing GES projects.
“Our new management and engineering team’s
extensive experience in the renewable energy business and regulatory
environment will be essential to converting key market opportunities,”
said Mike Ellis, President of Global Energy Systems. “The
team’s knowledge will also help us monitor new
renewable energy technologies and assess their potential to become new
products and services.”
David Ames, President and CEO of Global Energy Holdings, added, “These
seasoned executives will play important roles in the development of our
core business, Global Energy Systems, which incorporates a diversified
mix of renewable and alternative energy technologies.”
About Global Energy Holdings Group:
Global Energy Holdings Group is a diversified renewable energy company
based in Atlanta, Georgia, with two divisions. Global Energy Systems
develops renewable energy projects, including biomass gasification and
landfill gas-to-energy projects. Global Energy Systems also coordinates
and implements energy-efficiency projects, such as cogeneration and heat
recovery for organizations that include government agencies and the U.S.
military. Global Energy Ventures invests in strategically relevant,
early stage energy companies. Global Energy Holdings Group provides
tailored solutions that capitalize on the nation’s
need for diverse energy resources, while investing in promising
innovations to help power the future. The company trades under the
ticker symbol GNH on the NYSE Alternext US (formerly the American Stock
Exchange). For more information about Global Energy Holdings Group,
please visit its Web site at http://www.gnhgroup.com.
Forward Looking Statements:
Some of the statements made in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management’s current expectations
and include known and unknown risks, uncertainties and other factors,
many of which the company is unable to predict or control, that may
cause the company’s actual results or
performance to differ materially from any future results or performance
expressed or implied by such forward-looking statements. These
statements involve risks and uncertainties, including risks and
uncertainties associated with whether the new management will be
successful in assisting GES in its business as expected. These risks and
uncertainties are in addition to other factors detailed from time to
time in the company’s filings with the SEC,
including the section entitled “Risk Factors”
in its annual report on Form 10-K for the year ended December 31, 2007.
The company cautions investors that any forward-looking statements made
by the company are not necessarily indicative of future performance. The
company is not responsible for updating the information contained in
this press release beyond the published date, or for changes made to
this document by wire services or internet services.