Wednesday, November 24, 2010

LEXINGTON, Ky.--(BUSINESS WIRE)--EnergyOne Technologies Inc., a provider of renewable energy solutions and next generation technologies, announced today that the Company has appointed co-founder Michael Jones as its President and co-founder Michael Van Steenburg as its Chief Technology Officer.

Mr. Jones comes from the electric utility industry with over 30 years of experience and has an extensive background in renewable energy, risk management, regulatory administration, power contracts, utility finance, and engineering and construction. In 2008, Mr. Jones founded Pacific Bluegrass Solar and served as CEO until its merger with EnergyOne in 2010. In 2002, Mr. Jones founded Phoenix Motorcars, a manufacturer of full size, freeway speed Electric Vehicles and raised over $40 million in private equity investments. In 2007, Phoenix Motorcars was invited to the White House to meet with former President George Bush to discuss electric vehicle technologies, with the President test driving the all electric sport utility truck. Phoenix Motorcars was awarded the U.S. Department of Energy’s Energy Innovators Award for 2008. Mr. Jones holds a Degree in Business Management from Pepperdine University.

Mr. Van Steenburg is a veteran technology expert who has managed several technology companies and led teams of engineers on all types of advanced technology development programs over the past 20 years. He has created and developed a substantial amount of intellectual property in the green technology area, ranging from structurally insulated panel systems to advanced electric motor drive systems for electric vehicles. Mr. Van Steenburg’s previous companies have been suppliers to many Fortune 500 companies and currently have development contracts with large OEMs. He holds a Degree in Mechanical Engineering from the University of Texas at San Antonio and is in the process of completing his MBA.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. All State Properties Holdings, Inc. urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

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