Frank Sansone Appointed Chief Financial Officer of Premier Power

Thu Nov 5, 2009 6:12pm EST
 
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EL DORADO HILLS, Calif.--(Business Wire)--
Premier Power Renewable Energy, Inc. (OTCBB:PPRW), a global leader in the
development, design, engineering and construction of solar power systems for
commercial, government and utility markets in the U.S., Spain and Italy,
announced today that Frank Sansone has been appointed to the position of Chief
Financial Officer for Premier Power. Mr. Sansone is replacing Teresa Kelley, who
is leaving the Company to pursue other opportunities. 

Dean Marks, president and chief executive officer of Premier Power, stated: "We
are very excited to have Frank join our team. He brings a strong financial
background and proven leadership experience and success with fast growing public
companies. His experience in the strategic financial planning and management of
a multinational organization will directly benefit Premier as we continue our
growth in the U.S. and Europe." 

In commenting on his appointment, Frank Sansone stated: "Premier Power is a
leading player in the fast growing solar power industry, with a talented team
and unparalleled development, engineering and construction experience and
expertise. Premier Power`s focus on profitability and its proven ability to move
rapidly into new markets to capture worldwide opportunities truly set the
company apart. I look forward to working with the team to take the company to
its full potential." 

Mr. Marks concluded, "On behalf of the Company, I want to thank Teresa for her
contributions to Premier Power and to wish her well in her future endeavors." 

Sansone brings over 15 years of experience in financial management and
compliance, and has extensive experience working for both public and private
companies. Most recently, he served as chief financial officer at LiveOffice,
LLC, where he oversaw the company`s financial planning and analysis. Prior to
this, he served as chief financial officer at Guidance Software (NASDAQ: GUID),
where he oversaw the company`s worldwide financial planning and analysis,
accounting, treasury, investor relations and tax functions. Sansone helped lead
the company through a successful initial public offering and organic revenue
growth from 2002 to 2008 at a compound annual growth rate (CAGR) of 44%. Prior
to Guidance Software, Sansone was a director and vice president of finance for
Aspen Technology (NASDAQ: AZPN), where he led the revenue department and played
a key role in its Mergers and Acquisitions group. He also served as Petrolsoft
Corporation's vice president of finance, building an organization that was
ultimately acquired by Aspen Technology. Before joining Petrolsoft, Sansone
directed services for Fortune 500 and middle-market companies as a manager at
PricewaterhouseCoopers and developed extensive experience in SEC reporting,
initial public offerings, and mergers and acquisitions. Sansone earned a
Bachelor of Science in Accounting from the University of La Verne and is a
certified public accountant. 

About Premier Power

Premier Power Renewable Energy, Inc. is a leading global provider of large and
small-scale solar power systems, delivering unmatched experience to commercial,
governmental and residential customers throughout North America and Europe.
Premier Power designs, engineers and integrates the solar industry's leading
products. Premier Power's technologies and services have enabled its customers
to maximize clean energy output along with project savings. Today, Premier Power
designs and deploys the most innovative solar electric systems through
market-leading innovation and exceptional customer service. Premier Power is
headquartered in El Dorado Hills, CA and trades on the OTC Bulletin Board under
the symbol PPRW.OB. Additional information is available at the Company's website
at www.premierpower.com. 

FORWARD-LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the
business of Premier Power Renewable Energy, Inc. ("Premier"), which can be
identified by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions. Such forward-looking statements involve known
and unknown risks and uncertainties, including all business uncertainties
relating to reliance on a limited number of customers, market demand, cyclical
nature of our markets, reliance on key personnel, future capital requirements,
competition in general and other factors that may cause actual results to be
materially different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are or will be
described in greater detail in our filings with the Securities and Exchange
Commission. These forward-looking statements are based on Premier's current
expectations and beliefs concerning future developments and their potential
effects on the company. There can be no assurance that future developments
affecting Premier will be those anticipated by Premier. These forward-looking
statements involve a number of risks, uncertainties (some of which are beyond
the control of the Company) or other assumptions that may cause actual results
or performance to be materially different from those expressed or implied by
such forward-looking statements. Premier undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required under
applicable securities laws.

Investor Contact:
MKR Group, Inc.
Charles Messman & Todd Kehrli
323-468-2300
pprw@mkr-group.com

Copyright Business Wire 2009

 

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