World Energy Solutions Appoints George Lauro to
Board of Directors
ST. PETERSBURG, Fla.--(PRNewswire-FirstCall)--July 9, 2008--World Energy Solutions, Inc. (OTC
Bulletin Board: WEGY), a company focused on energy conservation technologies and
environmental sustainability, announced today that George Lauro has been
appointed to the Board of Directors of World Energy Solutions.
Ben Croxton, CEO of World Energy Solutions said, "George's experience in
Investment Banking coupled with his vast knowledge of the technology industry
will prove invaluable to World Energy as we pursue exciting market opportunities
that lie ahead of us. We are very pleased to have him join the Board."
Lauro is founding partner of Alteon Capital Partners, a Silicon Valley-based
firm that provides direct venture investment, equity fundraising and M&A
advisory to companies in the electronics and information technology industries.
He also is Senior Advisor to Needham & Company, a technology investment bank.
"I look forward to working with World Energy Solutions," said Lauro. "World
Energy has a unique suite of technologies with exciting commercial potential and
I believe that the time is right for bringing them to the market."
Lauro has served on the Board of Directors of 15 public and private companies
since 1997. He has also been awarded 23 patents on inertial guidance, GPS,
RFIC's and radio identification products.
Earlier in his career, Lauro was Managing Director of two venture capital funds,
Techfarm Ventures, a venture capital fund that invests in early-to-mid-stage
technology companies, and Wasserstein Perella Ventures, a technology venture
capital and leveraged buyout fund. He opened and managed Wasserstein's west
coast office in Palo Alto.
Before becoming a venture capitalist, Mr. Lauro was Director of Rapid
Commercialization for IBM where he led a group responsible for bringing advanced
technologies from IBM's development labs to market. He also was Director of New
Business Development for Motorola where he conceived the world's first handheld
GPS navigation product (Traxar GPS) and launched Motorola's RFIC and GPS
businesses.
Mr. Lauro holds an MBA from the Wharton School of Business and a BSEE from Brown
University, and completed graduate work at MIT in Digital Control and
Aeronautics.
About World Energy Solutions
World Energy Solutions, Inc. (OTC Bulletin Board: WEGY) is an Energy Services
Company and electronics manufacturer. WES's primary business focus is the
development of technology for lowering electrical, gas and water usage for
commercial, government and residential facilities. As a pioneer in the
manufacturing of the finest TVSS systems available in the market today, WES uses
cutting edge technologies and unsurpassed design standards to provide its
customers with full lifetime warranties on its products.
For more information about WES please visit its website at
http://www.worldenergysolutionsinc.com .
Forward-Looking Statements
Certain matters discussed in this press release
are "forward-looking statements." These forward-looking statements can generally
be identified as such because the context of the statement will include words
such as "expects," "should," "believes," "anticipates" or words of similar
import. Similarly, statements that describe World Energy Solutions' future
plans, objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties,
including the financial performance of World Energy Solutions, which could cause
actual results to differ materially from those currently anticipated. Although
World Energy Solutions believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, they cannot give
any assurance that their expectations will be attained. Shareholders, potential
investors and other readers are urged to consider these factors carefully in
evaluating any forward-looking statements. Certain factors could cause results
and conditions to differ materially from those projected in these
forward-looking statements, and some of these factors are discussed below. These
factors are not exhaustive. New factors, risks and uncertainties may emerge from
time to time that may affect the forward-looking statements made herein. These
forward-looking statements are only made as of the date of this press release
and World Energy Solutions does not undertake any obligation to publicly update
such forward-looking statements to reflect subsequent events or circumstances.
SOURCE World Energy Solutions, Inc.
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