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Power Air Announces Additional Management Changes and Additions Centralizes Senior Executives at Corporate Headquarters in Northern California


Power Air Corporation

2008-04-01 08:24:00

Power Air Announces Additional Management Changes and Additions

Centralizes Senior Executives at Corporate Headquarters in Northern California

LIVERMORE, CA–( EMWNews – April 1, 2008) – Power Air Corporation (OTCBB: PWAC), the Zinc

power company, today announced further changes and new additions to its

executive management team, all of whom will now be centralized in the

Company’s corporate headquarters in Livermore.

As noted in a related Form 8-K recently filed with the U.S. Securities and

Exchange Committee, until such time as the formal CEO search is

successfully concluded, the Board of Directors appointed H. Dean Haley,

founder and Chairman of the Board, to the Chief Executive Officer post. In

addition, Don Prest, who had served as the Company’s Chief Financial

Officer operating out of Vancouver, B.C., resigned from Power Air in late

January. The Board appointed Alan G. Campbell as Interim CFO, replacing

Prest, who left to focus solely on his professional interests at Manning

Elliott LLP where he has served as Assurance Partner since 1983.

In addition, Power Air reported that Dr. Al Sylwester, a long standing

technology advisor to the Company and a member of the Board of Directors,

has joined the senior executive team as Vice President and Chief Technology

Officer, responsible for overseeing the Company’s product development

efforts. Dr. Sylwester will report directly to Haley.

“As we prepare to transition from a development stage company into a fully

operational, revenue generating organization, given the impending

commercialization of our ZPAC 40 Zinc Air Powerpack, we felt it was

essential to centralize key members of our management team all under one

roof in Livermore so that we are able to optimize mission critical

initiatives more efficiently. We’d like to thank Don for his financial

leadership over the past several years and wish him continued success with

his audit and accounting practice,” stated Haley.

Continuing, Haley noted, “We are delighted to welcome Alan as our new

Interim CFO, whose financial accounting expertise will serve Power Air well

as we persist in executing our exciting business plan. Moreover, Al’s

expanding role with our Company is already having positive impact on the

direction and execution of our short and long term product development


About Alan Campbell

A versatile, results-oriented senior executive with proven entrepreneurial

skills and Fortune 100 experience and training, Campbell joins Power Air

from B2B CFO, where he serves as a Partner and specializes in providing

financial, tax and accounting consulting services to a broad range of

private companies. Previously, he was the owner of The Entrepreneur’s

source, a consulting and coaching service for individuals exploring

franchise opportunities. Prior posts also included Senior Vice President

of Flathead Solutions, a start-up telecommunications product and service

company; EVP and Chief Operating Officer of Paragon Electronic Systems,

Inc., an electronics manufacturing service company; Vice President and

Corporate Controller of NetWireless, a $35 million distributor of cellular

phones; Vice President and Corporate Controller of Altron Systems

Corporation, a leading contract manufacturer of interconnect products used

in advanced electronic equipment; Vice President and CFO of Astrio

Corporation, a manufacturer of complex surface mount assemblies that was

acquired by Altron; and Interim CFO of R.W. Babcock Insurance Brokerage.

Campbell has also held other management positions at Xidex Corporation,

Memorex Corporation, IBM/General Products Division and Berkeley Scientific

Laboratories, and has earned considerable corporate governance experience

serving as a past or current board member of several companies that have

included Wilkins Tethered Communications, Inc. (current board member);

Wireless Warehouse, Inc., WW Wireless, Inc.; RW Babcock Insurance Brokerage

and Astrio Corporation. Campbell is a graduate of the University of

California, Berkeley where he earned Bachelors of Science degrees in both

Business Administration and Electrical Engineering, and where he has

completed the course work for an MBA in Finance.

About Dr. Al Sylwester

Dr. Al Sylwester has provided technical consulting services to Power Air

for nearly two years and has served on the Company’s Board of Directors

since April 2007. He brings more than 20 years of technology development

and business leadership experience to Power Air. He previously served as

President, CTO and Chairman of Nanodetex Corporation, a leader in chemical

microsystems technology, and as Chairman of the Board for Energy Materials

Corporation, a developer of next generation materials for fuel cells.

Prior to starting Nanodetex, Dr. Sylwester was an Energy Programs Manager

at Sandia National Labs, where he led development of chemical microsystems,

fuel cells, catalysts and materials for energy applications. He brings

extensive experience and key relationships with energy technology

companies, universities and government agencies. From 1998 to 2004, he

served on the Governing Board of Directors for the Council for Chemical

Research (CCR), a national organization of executives from industry,

academia and government agencies which he chaired in 2004. He is also the

author or co-author of more than a hundred publications and presentations

and a co-inventor of more than 10 patented technologies, with several

additional patents pending. Dr. Sylwester has a Ph.D. in Chemistry from the

California Institute of Technology.

About Power Air Corporation

Headquartered in Livermore, California with offices and research facilities

in Vancouver, Power Air is a forward-thinking clean energy company engaged

in commercializing proprietary, high performance Zinc Air Fuel Cell

(ZAFC)-based products for the mobile electronics, portable and stationary

power generation, light mobility and transportation markets. Power Air

holds the exclusive worldwide license for the development and

commercialization of products utilizing ZAFC technology pioneered through

an extensive joint collaboration effort with Lawrence Livermore National

Laboratory and the United States Department of Energy. For more

information, please visit

This press release includes statements that may constitute

“forward-looking” statements, usually containing the words “believe,”

“estimate,” “project,” “expect” or similar expressions. These statements

are made pursuant to the safe harbor provisions of the Private Securities

Litigation Reform Act of 1995. Forward-looking statements inherently

involve risks and uncertainties that could cause actual results to differ

materially from the forward-looking statements. Factors that would cause or

contribute to such differences include, but are not limited to, acceptance

of the Company’s current and future products and services in the

marketplace, the ability of the Company to develop effective new products

and receive regulatory approvals of such products, competitive factors,

dependence upon

third-party vendors, and other risks detailed in the Company’s periodic

report filings with the Securities and Exchange Commission. By making these

forward-looking statements, the Company undertakes no obligation to update

these statements for revisions or changes after the date of this release.

Dodi Handy
Daniel Conway
Chief Strategist

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