PALOS VERDES, Calif., April 3,
2014 /PRNewswire/ -- Powerstorm Capital Corp. (OTC:
PSTO) today announced the appointment of Harry Sasongko to the company's 2014 Board of
Advisors. Mr. Sasongko is a seasoned telecommunications and
finance executive who served as Indosat's president director and
CEO from 2009 through 2012. Indosat is the largest subsidiary
of Ooredoo Q.S.C., previously Qatar Telecom.
Michel J. Freni, Powerstorm
Capital CEO stated, "Harry understands early stage implementation
of green power solutions for powering telecom infrastructure,
including material requirements and regulatory support, along with
business model innovations to accelerate investments and promote a
more sustainable approach for powering telecom infrastructure while
reducing energy OPEX. His knowledge and industry strength are
crucial for Powerstorm Capital's growth in this
sector."
Mr. Sasongko led Indosat to become the first public company
telecommunications operator in Asia to monetize its towers to an independent
public tower company and reinvigorated the company through
non-strategic asset divestiture. He was also an early adopter of
green energy initiatives. Mr. Sasongko has managed
organizations with large customer bases – over 55 million in
telecom and 7 million in retail banking – operating advanced
industries in a competitive marketplace over a large
geography. He is also familiar with execution of global and
local capital market operations and spearheaded a substantive
raising of global bonds.
Earlier in his career, Mr. Sasongko served as CEO and president
of GE Money Indonesia from 2005-2009 and as managing director of
Lippo Bank from 1998-2005. He started his career as a banker
with Citibank, NA in 1988.
In 2012, Mr. Sasongko was nominated as one of 44 finalists from
over 1,000 entrants to CNBC's 11th Annual Asian Business
Awards Leaders and was recognized in 2008 as one of Indonesia's Top 10 CEOs.
"I am excited to join PSTO's Advisory Board because I believe
this company has a strong and honorable mission, driven by high
energy and innovation. I also feel that its international
members can contribute greatly and learn from each other. I like
the fact that PSTO is focused on the sustainable technology
solutions and believe that this is the right way of doing
commercial business," said Mr. Sasongko.
"Harry enjoys broad reaching expertise in the telecommunications
sector and has influence across a large geographic sector of our
targeted growth area," said Ana-Maria
Pruteanu, Powerstorm Capital Corp.'s President. "We
are confident that Harry will prove a strong asset in strategizing
the company's next phase of growth in telecommunications
energy."
Mr. Sasongko holds a Master's degree from Ohio State University and a B.Sc. from Bandung
Institute of Technology in Indonesia. He speaks English,
Dutch and Bahasa.
About Us
Powerstorm Capital Corp. services the telecommunication
industry, primarily in sub-Saharan Africa, the Middle East, China and South America. The company's
core business consists of providing turnkey region-specific hybrid
power solutions to its customers – from hardware procurement,
installation and on-going maintenance and technical support.
Powerstorm Capital Corp. maintains offices in Hong Kong, New
York as well as an operational hub in The Netherlands.
For additional information please visit
http://www.powerstormcapital.com
This release contains forward-looking statements concerning
market developments for our products and corresponding value
propositions for our customers. These forward-looking statements
reflect Powerstorm's current expectations as contemplated under
section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Powerstorm's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand. These statements involve risks and uncertainties that
may cause Powerstorm's actual results to be materially different,
including general economic and regulatory changes, detrimental
reliance on third parties, successfully achieving our business
plans and achieving and sustaining profitability. For a detailed
discussion of these and other risk factors that could affect
Powerstorm's future performance, please refer to Powerstorm's most
recent Annual Information on Form 10K. Readers should not place
undue reliance on Powerstorm's forward-looking statements and
Powerstorm assumes no obligation to update or release any revisions
to these forward looking statements, other than as required under
applicable legislation.
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SOURCE Powerstorm Capital Corp.
