SOURCE: Management Energy, Inc.

September 22, 2009 16:11 ET

Management Energy Engages Energy Dimensions for Strategic Development of Its Business Plan

SAN JUAN CAPISTRANO, CA--(Marketwire - September 22, 2009) - Management Energy, Inc. (OTCBB: MMEX), an exploration stage coal company, announces it engaged Energy Dimensions to develop a strategic plan focused on the Bridger-Fromberg reserve in Montana. The plan will include a review of the Company's asset base and capabilities, an assessment of the Company's strategic options in the current market environment to monetize the opportunities, and an action plan on implementation of the business plan.

"We are excited to have engaged Energy Dimensions," commented David Walters, Chief Executive Officer. Daniel Jaouiche is President of Energy Dimensions, LLC and specializes in strategic consulting for energy companies, including carbon and technology strategies. Mr. Jaouiche has over 15 years' experience in global strategy and business development in the energy industry including: oil and gas, power generation, utilities, gas transmission and mining.

"We believe Energy Dimensions has the expertise needed to help us refine and execute on our business plan," commented David Walters, Chief Executive Officer. Mr. Jaouiche served most recently as Vice President Strategic Planning at Peabody Energy. His responsibilities included Senior Executive and Board Strategy Retreats, scenarios, optimizing the corporate portfolio, identifying growth options, and coordinating the company's carbon strategy. For Peabody Energy's technology group, Mr. Jaouiche led projects and investments through Board or Management Committee participation, and created the Corporate Venture Fund.

Mr. Jaouiche previously held senior positions with Duke Energy and Booz & Company in London and San Francisco. Mr. Jaouiche holds a Masters degree in Public Policy from Harvard University's Kennedy School of Government, and a Bachelor degree in Business Economics from the University of Kiel in Germany.

Management Energy, Inc., an exploration stage company, engages in the exploration, extraction, and distribution of coal. It leases approximately 6,254 acres located in the vicinity of Bridger in Carbon County, Montana for the purpose of mining, removing, marketing, and selling coal.

This Press Release contains or incorporates by reference "forward looking statements" including certain information with respect to plans and strategies of Management Energy Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Management Energy operations that could differ materially from those indicated by such forward looking statements.

Contact Information

  • Contact Investor Relations:
    David Walters
    Chief Executive Officer
    949-373-7282
    Email Contact