POMPTON PLAINS, N.J., March 20, 2007 (PRIME NEWSWIRE) -- Smart Energy Solutions, Inc. (OTCBB:SMGY), creator of the innovative Battery Brain(tm) vehicle aftermarket device, is pleased to announce the addition of three new members to its Board of Directors: Mike Ben-Ari, Guy Moshe, and SMGY's current CEO, Pete Mateja. The rapid growth of SMGY, which has expanded its operations in both North America and Europe due to new contracts, improved customer service, ongoing R&D, and enlarged revenue opportunities, poses new challenges and opportunities for the future. Several initiatives have been undertaken to accommodate current growth and lay the foundation for the future, including the addition of the three new members to its Board of Directors, to help guide SMGY's development as a leading global manufacturer and distributor of technology products and vehicles designed to save energy, improve safety and enhance security for all segments of the transportation market.
Guy Moshe
Guy took his BSC in Electrical Engineering from Technion, Israel Institute of Technology in Haifa, Israel. He comes to SMGY from Mentor Graphics, based in Wilsonville, OR. Guy served as Executive Director for the Mentor Development Center in Israel, where he established the Mentor Design Center and managed the ESL business in the DCS division. Before that, he was President and CEO of Summit Design, Inc., of Burlington, MA, and General Manager of Summit Israel and Acting Vice President for World Wide Sales.
Guy's skills and efforts turned Summit into a leading company in the EDA/ESL market. At Summit Guy also had experience managing Summit's worldwide engineering teams and coordinating their activities, as well as managing the marketing team that designed Summit's flagship product. While serving from 1996 to 1998 as Summit's VP and COO of its Design Creation Group and General Manager of Summit Design Israel, he was a key member of the executive management team responsible for establishing the Design Entry Group and led a business unit that developed the product line which enabled a successful IPO.
From 2000 to 2002, he served as General Manager of System Level Design Division and General Manager of Innoveda Israel for Innoveda (Marlboro, MA). While there, Guy formed Innoveda's System Level Design division and generated 30% of Innoveda's revenue. He was a key member of the executive management team, directing corporate product development decisions.
Mike Ben-Ari (Greenfield)
Mike holds an MBA in finance and marketing from Tel Aviv University and a BA from Brandeis University. He has over 15 years' experience in the international financial services industry, and brings extensive management experience, including financing, banking and marketing skills developed in previously held positions. In 1999 he founded Ever Green Field Enterprises (EGFE), which specializes in alternative investments for international clients and has branches in several countries. He named the company after his late father, Judge Leslie H. Greenfield, and his own childhood name, which he Hebraicized upon making Aliyah in 1981. Prior to founding EGFE, he held management positions in Bank Leumi, Israel's second largest bank, and in Supersol, Israel's second largest supermarket chain.
Mike has also been a Director of BrainStorm (OTCBB:BCLI), an emerging company developing stem cell therapeutic products based on breakthrough technologies.
Pete Mateja
Pete Mateja, CEO of SMGY, is a graduate of the University of Windsor, Bachelor of Commerce (Finance) and M.B.A. (Finance). Pete has a diverse background, having held President, Chief Executive Officer, and/or General Management positions in automotive, medium and heavy duty truck, RV, fire truck and body building manufacturers as well as industrial manufacturers. He has led companies to significant revenue, market share, and earnings improvements.
Pete, who has been the CEO of SMGY since September 2005, has led manufacturers such as Navistar International Corporation Canada, Home & Park Motorhomes, E - One Canada, Amerock Canada and SuperPac/Frink. He is also the past President of the Automotive Parts' Manufacturers' Association.
For more information about Smart Energy Solutions, please visit the company's website at http://www.smgy.net.
About Smart Energy Solutions
Smart Energy Solutions, Inc. (OTCBB:SMGY) (Berlin:UBM) (Frankfurt:UBM) is the sole owner of the Battery Brain line of vehicle accessory products. The company is headquartered in Pompton Plains, NJ, with operations in Zhuhai, China; Milan, Italy; Moshav Beit-Nechemia, Israel; Petach Tikva, Israel. Visit www.smgy.net. SMGY is on track to be a leading global manufacturer and distributor of technology products and vehicles designed to save energy, improve safety and enhance security for all segments of the transportation market. SMGY provides high quality innovative energy saving products for the transportation market through a global distribution network. The company is building an entrepreneurial organization that empowers employees to satisfy customers while creating shareholder value. Our global research and manufacturing operations enable us to offer manufacturing, R&D, private label packaging and solutions. Our products, designed to preserve the starting power of every battery, ensures that your vehicle's power source is there when you need it.
Forward-Looking Statements:
This press release contains forward-looking statements, particularly as related to, among other things, Smart Energy Solutions' future operations. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, reliance on third parties, and other factors that may cause Smart Energy Solutions' actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to our ability to generate any sales or positive revenues in the markets described above, general economic conditions and other factors that are detailed in Smart Energy Solutions' Quarterly and Annual Reports and other documents Smart Energy Solutions files with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Smart Energy Solutions does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Smart Energy Solutions' expectations and estimates.