SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

June 18, 2009 19:08 ET

Bridge Bank Client Mariah Power and Its Windspire® Wind Turbine to Be Featured on ABC's "20/20" June 19

SAN JOSE, CA--(Marketwire - June 18, 2009) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in the Silicon Valley region of California, announced today, that on Friday, June 19, 2009, ABC's "20/20" will feature the Windspire® Wind Turbine on a one-hour special episode.

When the producers of ABC's "20/20" began research on a special episode about the impact of the current economy, they searched for companies that were adapting their old business models to better operate in the new economy. They found a perfect example in Manistee, Michigan at the newly opened Windspire® Wind Turbine factory (; a former auto parts automation facility run by MasTech Manufacturing that was retrofitted to produce Windspires after nearly closing operations due to the crisis in the automotive industry. The one-hour special episode is scheduled to air Friday, June 19th at 10:00 p.m. Pacific time on ABC.

"Less than a year ago I had to lay-off almost all of our workers because of the situation in the auto industry," said MasTech General Manager, John Holcomb. "It was an amazing feeling to call some of them back in when Mariah Power agreed to produce their Windspires here."

Bridge Bank provides Mariah Power with its state-of-the-art cash and treasury management services to ensure maximum usage of the company's cash flow. The Bank is also working collaboratively with the company's management to position Mariah Power with the necessary resources to support its projected growth.

The 30,000 square-foot facility began operation in April 2009, with 30 new employees and will produce 100 Windspire® Wind Turbines per month with the number potentially growing to 1,000 Windspires a month and 120 employees. Materials for the Windspire®, such as steel and aluminum, will be supplied by local Michigan companies. Mariah Power markets the Windspire® to homeowners, businesses, local governments and institutions.

"All of the skills and experience we need to build the Windspire® are right here in Manistee, Michigan," said Mariah Power CEO Mike Hess. "We worked with MasTech to change their business model from a focus on automotive to renewable energy and are overjoyed that a news program like "20/20" is going to share our story of adaptation and innovation with the rest of the country."

Inclusion in the "20/20" program continues the Windspire® Wind Turbine's recent market momentum, which included an installation on the season finale of ABC's "Extreme Makeover: Home Edition" and being added to the California Energy Commission's list of eligible wind turbines resulting in a $3,000 rebate in California, Nevada, Maryland, Arizona, and other soon to be named states.

The Windspire® is a 30-foot tall, propeller-free, vertical-axis wind turbine designed for harnessing wind power in urban, suburban, and rural locations. It is the most affordable alternative energy appliance in the 1 kilowatt range, starting at $6,500 before installation and the federal small wind tax credit. The unit's powerful, trim and sleek design enables it to blend in well with a variety of environments, making it an attractive alternative energy option for homeowners, businesses, and institutions. Windspire's plug 'n produce™ design connects directly to the household power supply, offsetting electricity use and reducing energy costs.

"We are very pleased and excited to be working with Mariah Power," said Daniel P. Myers, President and Chief Executive Officer of Bridge Capital Holdings and Bridge Bank. "Bridge has been an active supporter of Green companies in their efforts to maximize their cash flow, particularly in these challenging economic times. We congratulate Mike Hess and his team for bringing new jobs and hope to the people in that community."

Bridge Bank specializes in providing superior service and customized banking solutions to small and middle-market, and emerging technology businesses in Silicon Valley, California and the Nation. The Bank's product offerings include 24/7 internet-based business cash and treasury management, online account statement and item imaging, remote deposit capture, commercial lines of credit, growth capital financing, commercial real estate financing, international Export-Import financing and foreign exchange payment services, Small Business Administration 7(a) and 504 loans as an SBA Preferred Lender Participant-accredited direct lender, and factoring and asset-based loans through its Bridge Capital Finance Group.

About Bridge Capital Holdings

Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at

About Bridge Bank, N.A.

Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The Bank is dedicated to meeting the financial needs of small and middle-market companies, and emerging technology businesses, in Silicon Valley, Northern California, and the Nation. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. For additional information, visit the Bridge Bank website at

About Mariah Power

Mariah Power provides low-cost, highly aesthetic, noise-free wind power appliances for use with commercial, residential and government buildings. The company's patented technology maximizes energy conversion from wind into electric power, regardless of changing wind speed and direction. Mariah Power's flagship product, Windspire® Wind Turbine, was released in June of 2008. The product line is being expanded to include larger size units, low-wind versions, and off-grid solutions. Mariah Power is based in Reno, Nevada and currently has 21 employees and is growing rapidly. Mariah Power is a privately held corporation, funded by VC's and other private investors.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.

The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.