Founder of Silicon Valley Bank Robert W. Medearis Accepts Nomination To Serve on BluePoint Energy Products, Inc. Board of Directors
Reno, Nevada May 1, 2002 - BluePoint Energy Products, Inc. (BluePoint) announced today that Robert W. Medearis has accepted the nomination to serve on the Company's Board of Directors. The nomination is subject to ratification by vote of the Company's current Board of Directors. The Company provided the following biographical summary:
Robert W. Medearis
Mr. Medearis is a Management Consultant and Professional Director. His exemplary talents and highly regarded reputation as a dynamic businessman have been demonstrated for over thirty years while serving in the capacity of director for nineteen companies and organizations including: Silicon Valley Bank (Founder), Bank Plus, Commerce Security Bank, Western Real Estate Trust, Risk Management Software (Founder), InnerAsia/Geographic Travel, William Sherman Company, Chalice Investments, Inc., Techarmonic, Inc. and the Gorbachev Foundation. Among his many noteworthy accomplishments, Mr. Medearis founded the $4 billion Silicon Valley Bank where he served as Chairman during its formative years from 1983 to 1989, and is now Director Emeritus. He is a retired Consulting Professor for Stanford University's School of Engineering and at the University of California Davis School of Management. Mr. Medearis is a widely acknowledged expert in the areas of Real Estate, Real Estate Financing, Banking and Entrepreneurship. Mr. Medearis' interests have been most recently focused and have produced significant impact upon the Republic of Georgia where he developed the strategic plan for the Banking Industry for the Republic. Mr. Medearis experience, outstanding history of achievement and wide business network provide BluePoint with a significant basis.
Mr. Medearis holds an undergraduate degree in Civil Engineering from Stanford University and an MBA from the Harvard School of Business.
Chief Executive Officer, Guy Archbold stated, "On behalf of BluePoint's Board of Directors, we look forward to Bob Medearis' active value-adding participation at BluePoint. We further believe that his presence reflects a strong vote of confidence in the underlying value of our future business and plan. We look forward with enthusiasm to working together in the development and fulfillment of the BluePoint mission to deliver the most reliable, efficient, clean, and cost effective power generation and cogeneration products to the Distributed Power Generation marketplace."
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