RANCHO PALOS VERDES, Calif.,
March 28, 2014 /PRNewswire/ --
Powerstorm Capital Corp. (OTC: PSTO) today announced the
appointment of Emad Farid to the
company's Board of Advisors. Mr. Farid is Chief Executive
Officer of Nile Sugar Company and serves on the Board of Directors
of several subsidiaries of Global Telecom and Orascom Telecom,
Media and Technology (OTMT).
Michel Freni, Powerstorm Capital
CEO stated, "When we decided to produce a best-in-class hybrid
power solution company for the telecommunications industry, our
first step was in securing highly knowledgeable and experienced
industry experts to ensure that the Powerstorm solution would meet
and surpass immediate energy needs and would be scalable and
adaptable to energy technologies of the future. We believe that
Emad brings a unique set of skills within the wireless industry and
remains ahead of the curve in market change. In his advisory
role, Emad will focus on corporate strategy and business
development."
In addition to being CEO of Nile Sugar Company and a long
standing Board Member of several subsidiaries of Global Telecom
(formally Orascom Telecom) and OTMT, Mr. Farid's business
accomplishments include a crucial, role in the growth of Orascom
Telecom from a mid-sized regional mobile telecom operator with a
market capitalization of USD 200MM in 2001 to a worldwide global
operator that ultimately merged with Vimpelcom to create the
world's 6th largest telecommunications carrier in 2011. Emad
oversaw the successful turnaround of WIND Italy Company to one of
the best performing mobile, fixed line and broadband integrated
operators in Europe within a
record time span of 3 years and he led the start-up and
launch/re-launch of a number of Orascom Telecom operations
including Libertis (Congo Brazzaville), Chad Mobile, Mobilink
(Pakistan), Syriatel (Syria), Sabafone (Yemen), Tunisiana (Tunisia), Banglalink (Bangladesh), Iraqna (Iraq), Koryolink (North Korea) among others.
"Powerstorm's expertise and platform of providing energy savings
and reducing costs to the telecommunications providers has put them
at the forefront within the industry," said Mr. Farid. "I look
forward to working with the Powerstorm team to further advance the
potential for this program and the applications it may have."
"Emad is an incredibly accomplished leader in the
telecommunications industry with extensive experience across a
diverse range of areas," said Ana-Maria
Pruteanu, Powerstorm Capital Corp.'s President. "We
believe he will be a valuable member of our company, and we welcome
his insights and guidance as we continue the advancement of our
programs addressing energy efficiency, quality of life enhancements
and cost savings throughout the entire telecommunications
industry."
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.