ST. CLOUD, FL -- (Marketwire) -- 01/22/13 -- RENUEN (PINKSHEETS: RENU), a Power Project Development company announced today the appointment of Alexander D. Kim, Esq. as General Counsel for Corporate Affairs.
Don Wood, CEO of RenuEn stated, "After extensively reviewing all of the prior filings and operations of the company prior to the Team Energy acquisition, as well as the resignation of the prior CEO, our executive team felt that the first order of business was to have legal counsel on staff to advise us on a daily basis. As part of our project development and aggressive M&A strategy, there will be extensive legal and financial due diligence required and the appointment of Alex Kim was an excellent choice. His experience in the renewable energy field as well as his prior employment as In-House Counsel for Bloomberg L.P. makes him a perfect fit on our team."
Prior to joining RenuEn Corporation, Mr Kim spent the last five years as Corporate Counsel for both EBR Energy Corporation and 1st Light Energy Corporation located in central New Jersey. During his time at 1st Light Energy and in addition to his advising senior executives, managers and employees on legal, business, marketing and strategic issues, he successfully oversaw and directed the closing of over $5.1 million in residential and commercial projects. He also negotiated and executed all contracts for the company closing over 2.1 megawatts of solar in 2 years including a 600KW EPC agreement with Extra Space Management, Inc.
Also at Bloomberg, he directed investigations of security incidents, including but not limited to trademark and copyright infringement worldwide, denial of service attacks, electronic forgeries, unauthorized access, violation of information security policy, unauthorized network scans, unsolicited commercial email, breach of confidentiality, and theft utilizing DMCA and UDRP.
"I am extremely excited to have the legal advice by someone with Alex's corporate and regulatory experience," said Mr Wood. "Add to that his experience negotiating complex solar energy contracts and PPA's, Alex will be a key part of our Executive Team. I have initially tasked Alex to review and ensure that all of our corporate filings, existing contracts and all other regulatory policies and procedures are in order, so that we can continue with our growth strategy in an expedited and compliant manner. Our shareholders can be assured that this appointment of Alex Kim is a major step in our desire for a future up-listing to a Major U.S. Stock Exchange and it begins with a sound legal and compliant strategy."
About RenuEn Corporation
RenuEn Corporation is a Power Project Development company. The company currently focuses on Landfill Compressed Natural Gas capture and National and International Renewable Power Projects.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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