RANCHO PALOS VERDES, Calif.,
April 10, 2015 /PRNewswire/
-- Powerstorm ESS (OTC: PSTO) ("Powerstorm" or the "Company")
welcomes Richard Lane to its Board
of Advisors, effective April 2015.
Lane is a seasoned mobile technology professional, investor, and
entrepreneur with over 30 years of extensive experience building
businesses and maximizing shareholder value within those
businesses.
Rich brings to Powerstorm's board his significant experience
with startup management, entrepreneurial bootstrapping, and
consulting. The fact that the majority of his experience and
expertise concerns mobile technologies ensures his compatibility
with Powerstorm.
Currently, Rich is the President of Entrepreneurial Ventures and
is also a General Partner of Radio Spectrum Partners. In addition
to Powerstorm ESS, Rich is a member on the Board of Advisors for
KaBloom Flowers, Progeny Solar, Inc., ViziApps Inc., and Red Pagoda
Resources.
Previously, Rich was CEO of PacTel Mobile Services and
PureSpeech, COO of Voice Control Systems, GreatCall, and Reflection
Technology, President of Blue Danube Systems and General Manager of
Panasonic's wireless telecommunications business unit. Prior to
these positions, he honed his sales, marketing, and distribution
skills while serving as senior team member for the launch of
several cellular service providers.
His professional career has been punctuated with
accomplishments. Notably, he built GreatCall from the ground up
after being hired by the company's founders, including launching
their initial products, raising money, and hiring officers. At
SwiftTouch Corporation, he was an integral part of their formation,
including fundraising and recruiting management. He was responsible
for turning around PureSpeech, Inc., securing bank financing, and
having the insight to refocus their direction thereby avoiding a
major down round while the business was preparing for sale.
Rich holds an M.B.A. and a B.S. from the Wharton School,
University of Pennsylvania.
Powerstorm is looking forward to working with Rich and to having
his agile, focused, and entrepreneurial mind offering guidance
concerning the company's future business decisions.
"We are happy to have Rich as part of the team to grow our
company," said Mike Freni,
Powerstorm CEO. "He has the wisdom that comes with many years of
business experience, and I'm confident that he will use that to
help Powerstorm most effectively provide power to those people in
the world currently living in energy poverty."
Rich is also looking forward to beginning his work with the
company. "From a business perspective, this is an exciting time to
get involved with Powerstorm," he said. "I have considerable
experience consulting startups, as well as a foundation in
telecommunications, so it is evident that we will be a good fit.
The work that this company is doing, utilizing their innovative
energy storage technologies to enable wireless communications for
people who have been previously power-deprived, is full of
potential and possibility."
About Powerstorm ESS (Energy Storage Solutions) OTC
PSTO
Powerstorm ESS. (http://www.powerstormess.com) maintains offices in
Los Angeles, New York and Amsterdam.
Powerstorm ESS has developed a containerized Energy Storage
Solution for tower operators in the emerging markets. The
foundational and innovative technology from Powerstorm ESS is
protected with several patents pending. Powerstorm's optimized
containerized plug-and-play solution is CAPEX/OPEX reducing,
environmentally sound and easily installed in challenging
environments. The system is built and ready to utilize –a
"mini-grid" that brings opportunity and quality of life to Off-Grid
Communities for the enormous numbers.
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 ESS
