Altek Power Corporation

Altek Power Corporation

February 06, 2006 14:06 ET

Altek Power Corporation: Board Appointment

KELOWNA, BRITISH COLUMBIA and DUBAI, UNITED ARAB EMIRATES--(CCNMatthews - Feb. 6, 2006) - The Board of Directors of Altek Power Corporation ("Altek") (TSX VENTURE:APK)(FWB:RXB)(WKN# 934830) is pleased to announce the appointment of Dr. Oussama S. Al-Dimashki to the Board of Directors of the Company.

Dr. Oussama attended the University of Nebraska-Lincoln where he earned a B.Sc. in agriculture, a M.Sc. in Agriculture Economics, and a Ph.D. in International Economics. He served as Professor of Economics for the University of Nebraska at Omaha until he accepted a position in 1991 as an Economist with the Ontario Ministry of Municipal Affairs in Canada. In 1993 he was elevated to the position of Senior Economist with the Ontario Ministry of Agriculture & Food & Rural Affairs. In 1997 Dr. Oussama left the government to assume the role of Chairman of a consulting & advisory firm that negotiated and coordinated the development of a multi-billion, multi-use real estate development project. From 2002 to 2004 he was instrumental in guiding, as Chairman of the Advisory Council, the growth of a Middle Eastern bank. During 2003 he provided consulting services to Dubai, UAE in respect of development of programs and policies involving small and medium sized business. During this time he found time to attend the Dubai University College as Professor where he taught Principles of Professional Ethics.

Dr. Oussama is currently the Managing Director of Middle East Development, LLC, Dubai, UAE. This organization is primarily involved in major real estate investment and with interests in electric power project development. It has grown rapidly during his governance from a modest asset base with 3 staff to a current staff of 45, assets exceeding CAD $150,000,000 and projects having a completion value of CAD $750,000,000.

The reciprocal interest between Dr. Oussama and Altek Power Corporation lies with a common interest in power production and the resultant growth of the Company. With the recently announced investment into the Company, Altek is now able to begin to execute its business plan. This will involve substantial sales growth, power project ownership, vertically integrated acquisitions, and, most importantly the growth in value of the Company for the shareholders. Dr. Oussama will play a key role in the governance of the Company through his involvement on the Board of Directors.

Altek Power Corporation develops timely, profitable and environmentally responsible energy solutions. As an independent power producer, Altek provides quick-to-market electrical generation plants, which respond to energy needs worldwide.


To develop timely, profitable and environmentally responsible energy solutions that increase shareholder value.

On Behalf of the Board of Directors of Altek Power Corporation

Byron P. Loewen, Chairman & CEO

12g3-(b) #82-3219

The TSX Venture Exchange (TSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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