SANTA MONICA, Calif., Oct. 5, 2003 - XsunX (OTCBB:SUNR) is pleased to announce the appointment of Tom Djokovich as its new President and CEO. Mr. Djokovich will lead XsunX's efforts to leverage its patented technology to produce solar electric glass to help meet the burgeoning demand for alternative sources of energy.
Mr. Djokovich brings to XsunX over 23 years of executive management and entrepreneurial experience managing growth and innovation in both the high-tech and building industries. He is a veteran manager of publicly held corporations and has successfully raised millions of dollars in equity capital. In addition to his general management duties, Mr. Djokovich has been directly responsible for managing investor relations and compliance with Security Exchange Commission regulations.
"The alternative and renewable energy marketplace is poised for significant growth in the years ahead," stated Brian Altounian, the company's Chairman. "I am very excited about the potential that exists for XsunX under Mr. Djokovich's direction. He will lead in the growth of these markets and build a very successful company."
Discussing the company's prospects, Mr. Djokovich added, "The opportunity for alternative renewable energy technologies is to employ all building surfaces and spaces. Unfortunately though, prior to the development of XsunX's breakthrough technology, the potential for wide scale integration has been limited. Our goal is to provide governments, developers, businesses and architects with a commercially viable opportunity for converting today's large areas of architectural glass into high performance energy producing appliances."
About XsunX
Based in Santa Monica, California, XsunX is the provider of a breakthrough technology to produce solar electric glass. XsunX believes that the power of the sun can be used to supply a substantial portion of the world's future energy needs. Photovoltaic elements can be integrated directly into buildings. These systems can convert sunlight into electricity and integrate with the energy use and structure of buildings as window systems. Visit the Company's website for more information: http://www.XsunX.com
About Mr. Djokovich
Mr. Djokovich was the founder and served from 1995 to early 2002 as the Chief Executive Officer of Accesspoint Corporation (OTCBB:ASAP), a vertically integrated provider of electronic financial transaction processing and e-business solutions for businesses. Mr. Djokovich currently serves on the Board of Directors of Roaming Messenger, Inc. (OTCBB:RMSG), provider of a breakthrough solution for delivering real-time information for homeland security, emergency response, military and enterprise applications. He founded TMD Construction and Development, a commercial and residential construction and development company in 1979. Mr. Djokovich has also provided construction management and real estate disposition services as a court appointed receiver, consulting on 15 projects to date.
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