ANN ARBOR, Mich., Dec. 18, 2003 (PRIMEZONE) -- Power Efficiency Corporation (OTCBB:PREF), developer and international marketer of patented electric energy-saving devices, announced the appointment of Nils G. Weibull, 54, as its new Director of Sales for National Accounts and International Markets.
Mr. Weibull has been Vice President of Sales for several international corporations with technical/industrial products, including UVA Machine Company, Parker Hannifin Corporation and others. He has developed markets both domestically and internationally, managing sales organizations in the USA, Europe, Asia and Latin America. Mr. Weibull speaks English, German, Swedish, and French and brings global sales expertise to Power Efficiency Corporation. Mr. Weibull has a Master's Degree in Mechanical and Industrial Engineering from the College of Engineering at Lund University in Sweden.
Richard Koch, president and CEO of Power Efficiency, commented, "I've established a clear strategy to move Power Efficiency's focus to expanding the distribution networks of the company both nationally and internationally to increase sales. Adding Nils to the Senior Management Team is another significant step to achieving this objective"
The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements, including, but not limited to, deployment of new services, growth of customer base, and growth of service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, availability of capital, operational risks on contracts, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.