Source: Atlantic Wind & Solar Inc.
On Tuesday April 20, 2010
TORONTO--(Marketwire - 04/20/10) - Atlantic Wind and Solar Inc. (Pinksheets:AWSL - News) is both pleased and proud to announce the appointment of Mr. Pierre Cousin to the position of President and Chief Executive Officer of the Company. AWSL also wishes to thank Venecia Gafter, acting President and CEO of AWSL since inception, for her valuable contributions and tireless efforts in rapidly advancing the Company's business plan to become an established growth company in the dynamic Renewable Energy industry. With a wealth of experience in the Company's Renewable Energy business, Ms Gafter will continue as a valued member of the Company's Board of Directors, contributing to AWSL's strategic planning and growth endeavors in the future.
... Mr. Gilles A. Trahan - AWSL Chairman
Pierre Cousin ... Exceptional Management Skills and Attributes
Pierre is a seasoned senior executive with a Master's Degree in Computer Science (Supelec 1981, Paris) and 25 years of history transforming worldwide high-tech organizations into operational centers of excellence and sales powerhouses. Based on his general management and international background, Pierre has the proven ability to produce quantifiable improvements in quality, market positioning, and financial performance. During his last tenure as Corporate Vice President of StorageTek Corp., a $2.2B company in the data storage industry, Pierre played a major role in the recovery of the company and the commensurate enhancement of shareholder value that led to a dramatic share price increase to $37.00 from $8.00.
At StorageTek, Pierre led an $800M data storage business that he grew by 15% year over year with a 48% profit increase. He also successfully outsourced a full networking, 200-person, operation in India. And finally, as Corporate Vice President in charge of Research & Development, an organization of 1,100 engineers with a budget a $200M, he delivered, on time and at cost, the major engineering software and hardware programs of the corporation.
Previously, in Europe, amongst different executive positions with Bull, a French IT integrator, Pierre led a 400 person sales organization up to $400M with 20% growth in providing system integration and data center solutions in different industries such as manufacturing, utilities, banking and telecom.
An Enviable Record of Accomplishments
By driving rapid and consistent expansion, identifying revenue generating opportunities, diversifying offerings and building a sales & marketing strategy focused on customers' requirements, market trends and competitor's weaknesses, Pierre's business acumen maximized shareholder value through building efficient and lean business organizations, leading best-in-class management teams, and focusing on short term result-driven operational execution.
"I am excited to join Atlantic Wind and Solar and especially thrilled to work with Gilles Trahan who has already positioned the Company as a potential major player in the renewable energy industry. I strongly believe that our vastly different past careers and work experience make Gilles and I the perfect complementary team for success in this vibrant new industry."
... Mr. Pierre Cousin - AWSL CEO
AWSL... Poised for Growth
The acceleration of increased interest, financing, and other developments in the past few months augurs well for Atlantic Wind and Solar's business and overall growth in 2010. The Company intends to further expand in 2010 through strategically targeted acquisitions and potential expansion to offshore Renewable Energy markets.
AWSL management is optimistic that the progress achieved over the past 12-18 months in establishing the Company as a leading developer in the Ontario Renewable Energy market has positioned Atlantic Wind and Solar for rapid growth and enhancement of shareholder value in the foreseeable future.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the Province of Ontario, Canada, and for which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657 ext. 230. All other Renewable Energy system enquiries are asked to contact Mr. Gilles Trahan +1 800 891 1657 ext. 221.
For further coporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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