Evergreen Energy Inc.(fka EVEIQ)

[califax]

Evergreen Energy Strengthens Management Team with Hire of Chief Technology Officer

http://www.finanznachrichten.de/nachrichten-2010-05/16838700-evergreen-energy-strengthens-management-team-with-hire-of-chief-technology-officer-004.htm

07.05.2010 09:16
Evergreen Energy Strengthens Management Team with Hire of Chief Technology Officer

Evergreen Energy Inc. (NYSE Arca: EEE) has retained Michael Gionfriddo as its Chief Technology Officer. Gionfriddo will report to President and Chief Operating Officer Miles Mahoney, and will drive the technology strategy and development of the environmental intelligence solution, GreenCert™.

"With his extensive technology leadership experience in such organizations as Sun Microsystems and Juniper Networks, Michael offers a wealth of experience in leading software and engineering teams as well as building and implementing world-class architecture," stated Mahoney. "We continue to work closely on building our strategic relationships with industry leaders such as IBM, EIM and Black&Veatch. Michael will be instrumental in furthering and enhancing Evergreen's vision for and strategic development of our GreenCert product roadmap. His knowledge will help guide Evergreen to deliver timely marketable solutions that can evolve as this emerging market grows."

"The progress Evergreen has made in bringing GreenCert to market is very promising and I am excited to join the team at this pivotal time," stated Mr. Gionfriddo. "I see a great opportunity to innovate around the GreenCert platform and to leverage my experiences in developing world class solutions that are addressing global business challenges and problems. Additionally, I am excited about driving a cloud-based GreenCert solution for our customers."

Michael Gionfriddo was most recently a Distinguished Engineer and CTO of the Junos Space Business Unit at Juniper Networks. Prior to Juniper Networks, he was CTO of Enhanced Communication Delivery Systems (ECDS) where he was responsible for ECDS' ecENACT™ technology and strategy efforts. From 2003 to 2009, Mr. Gionfriddo was a Distinguished Engineer at Sun Microsystems and held a variety of technical leadership roles, with the most recent being CTO of Sun's rich Internet application platform, JavaFX™. Mr. Gionfriddo also held senior executive level roles with Rogue Wave Software, L7/EdeNET Communications and Lutris Technologies.

Evergreen Energy Inc.

Evergreen Energy Inc. (NYSE Arca: EEE) has developed two proven, proprietary, patented, and transformative green technologies: the GreenCert™ suite of software and services and K-Fuel®. GreenCert, which is owned exclusively by Evergreen, is a scientifically accurate, scalable environment intelligence solution that measures greenhouse gases and generates verifiable emissions credits. K-Fuel technology significantly improves the performance of low-rank coals yielding higher efficiency and lowering emissions. Visit www.evgenergy.com for more information.

Safe Harbor Statement

Statements in this release that relate to future plans or projected results of Evergreen Energy Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this release is encouraged to study. In addition, our ability to execute our business plan and develop the GreenCert™ or K-Fuel® technologies may be adversely impacted by the inability to complete the sale of Buckeye, raise significant additional capital or effectively complete any restructure transaction on a timely basis to fund our business operations. Readers of this release are cautioned not to put undue reliance on forward-looking statements.

Contacts:

Lippert / Heilshorn&Associates
Kirsten Chapman&Becky Herrick, 415-433-3777 (Evergreen Investors)
[e-mail]


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