Reford’s new role will be to assist in organizing project finance for the Brodarevo hydroelectric project as it nears completion of Feasibility Studies in the coming months and to guide the Company in the evaluation of potential merger and acquisition opportunities.

Reford is a veteran energy industry and finance professional with experience in Canada, the US and internationally. Reford most recently served as Chief Executive Officer of Schneider Power Inc. Prior to his role at Schneider, Reford provided corporate investment consulting services in the renewable energy area. In 2006-2007, he served as President and Chief Executive Officer of MGI Securities, a full-service Canadian brokerage firm and was a Managing Director with J.P. Morgan Securities in New York and Toronto from 1998 to 2005. Prior to his career in investment banking, Reford worked as a Corporate Development Executive for Total S.A., the Paris-based energy multinational. Reford currently serves on the Board of Directors of Gazit America and Caldera Geothermal (unlisted).