Degama Software Solutions, Inc.

August 19, 2009 09:02 ET

Degama Appoints David Gomez Sainz as Its Senior Vice President Global Operations

LAS VEGAS, NEVADA--(Marketwire - Aug. 19, 2009) - Degama (PINK SHEETS:DGMA) is pleased to announce the appointment of Mr. David Gomez Sainz as its new Senior Vice President of Global Operations and New Business Development. Degama is a renewable energy company concentrating on innovations in present technologies and developing and acquiring new technologies in the renewable energy sector.

Mr. Gomez is the co-founder of Grupo Ibereolica and Ibereolica Solar based in Madrid, Spain. Prior to this, Mr. Gomez built his professional background in Hidafa SA, his family business, and in 1995 co-founded Hidroelectrica Europea to exploit two Hydroelectric power plants. He has in depth knowledge of the renewable energy sector because he has been directing his renewable energy companies since its foundation for 14 years, successfully completing financing for more than 6 projects with 150MW of working wind energy, and structuring Grupo Ibereolica's future pipeline of 460MW of Wind and 500MW of Solar projects.

Mr. Gomez is a graduate of Tulane University graduating Cum Laude in Mechanical Engineer with honors and Economics. Mr. Gomez will bring his many years of experience and his technical expertise to Degama and will be responsible for guiding the company in both product development and sourcing new technologies in the renewable energy sector.

About Degama Software Solutions, Inc.

Degama is a green energy company that is poised to exploit present technologies and acquire and develop innovative new technologies in the renewable energy sector. The goal of the company through it's experienced management and technical team is to develop and acquire a portfolio of exciting and productive renewable energy products and help bring them to market. The company which will work as a fund dedicated in locating and investing in Next generation energy technologies which have the potential to revolutionize the current market. The company will look into those technologies which will enable cheaper and more efficient energy generation, storage, and distribution, as well as their applications and introduction to the mainstream market. Some examples include: cheap generation of solar hydrogen (H2PS), third generation biofuels (algae), next generation batteries, or electricity generation from waste heat. The objective of Degama will be to participate in the patents of these technologies, help the technologies mature, and participate in the profits generated by owning the rights.

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.

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