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Wednesday, 10/24/2007 10:16:19 AM

Wednesday, October 24, 2007 10:16:19 AM

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Tower Tech Holdings Inc. Strengthens Senior Management Team
Tuesday October 23, 11:33 am ET
-Tower Tech Names Lars Moller as Executive Vice President of Business Development and Matthew Gadow as Executive Vice President of Strategic Planning-


MANITOWOC, Wis.--(BUSINESS WIRE)--Tower Tech Holdings Inc. (OTC:TWRT - News) announced today that two experienced leaders in the North American wind industry have joined the Company’s management team.
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Lars Moller has joined the organization as Executive Vice President of Business Development and is responsible for overseeing the development of supplier and customer relationships with leading wind turbine manufacturers. Mr. Moller has more than 20 years of experience in the wind industry, most recently serving as President of DMI Industries, a leading North American wind tower fabricator. Mr. Moller has also held senior management positions with Vestas Americas, Difko and BONUS Energy. Mr. Moller also serves on the Board of Directors of the American Wind Energy Association (AWEA).

Matthew Gadow has joined the organization as Executive Vice President of Strategic Planning and is responsible for acquisitions, joint ventures and other strategic projects. Mr. Gadow was most recently Executive Vice President and Chief Financial Officer of DMI Industries. Prior to that, he served as Director of Finance for 7 years in another manufacturing company and spent several years in public accounting. Matt is a Certified Public Accountant.

“We believe Lars’ and Matt’s experiences are unparalleled in component manufacturing for the wind industry. After getting to know Lars and Matt over the past few months, I know their strategic, manufacturing and finance expertise will be invaluable to Tower Tech as it builds its infrastructure throughout the organization,” said J. Cameron Drecoll, CEO of Tower Tech. He continued, “We also look forward to their leadership in developing relationships with our current customers and attracting new wind industry customers.”

“Tower Tech has undergone a dramatic transformation during the past year, including multiple strategic transactions, sizeable financial investments, significant investments in its capacity across product lines and the addition of talented managers and employees. We believe that these actions will help Tower Tech to achieve its goal of becoming the premier component supplier and number one in customer relationships to the wind industry,” said Lars Moller. Matthew Gadow continued, “Lars and I look forward to continuing the pursuit of adding wind-related customers and products and ensuring that the internal infrastructure can handle the expected growth.”


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