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RENO, NV, Oct. 27 /CNW/ -- Ram Power, Corp. (TSX:RPG) ("Ram Power"), a renewable energy company, announced today that it has added Mr. Robert R. Gilmore as a member to its Board of Directors and chair of its Audit Committee, as well as Ram Power's intention to nominate Mr. Mario Arana to its Board of Directors at the next annual meeting of shareholders of Ram Power.
Mr. Gilmore is a Certified Public Accountant and has served as a chief financial officer and financial consultant to a number of private and public companies. He is a director and member of the audit committees of several companies including Layne Christensen Company, Eldorado Gold Corporation and Global Med Technologies, Inc.
Mr. Arana previously served as a director of Polaris Geothermal Inc. and has had a distinguished career which includes serving as President of the Central Bank of Nicaragua and Minister of Finance of Nicaragua. He holds a Ph.D in Economics and is a specialist in international economics. The company intends to nominate Mr. Arana to its Board of Directors at the next annual meeting of shareholder of Ram Power, and until that time has invited Mr. Arana to participate as an observer with all rights vested at its meetings of the Board of Directors.
In making this announcement, Hezy Ram, CEO of Ram Power said, "We are very pleased that both Mr. Gilmore and Mr. Arana have agreed to join our Board of Directors. They will each contribute to broadening the skills and the experience of our Board as a whole. We are proud that we have attracted a group of extremely talented individuals with strong reputations to serve as our directors."
About Ram Power, Corp.
Ram Power is a renewable energy company based in Reno, Nevada engaged in the business of acquiring, exploring, developing and operating geothermal properties and has an interest in geothermal projects primarily in California, Nicaragua and Nevada. Its subsidiary, Polaris Geothermal Inc., is focused on developing projects in Latin America and the Caribbean and is currently operating one concession at San Jacinto - Tizate in Nicaragua.
Cautionary Statements
This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power undertakes no obligation to update forward looking information, other than as required by law, or comment on analyses, expectations or statements made by third-parties in respect of Ram, or its financial or operating results or its securities.