SOURCE: Ram Power, Corp.

Ram Power, Corp.

February 14, 2011 09:00 ET

Ram Power Announces Walter M. Higgins as Interim CEO Following the Resignation of Hezy Ram

RENO, NV--(Marketwire - February 14, 2011) - Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Corporation"), a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today Mr. Hezy Ram has resigned as President and Chief Executive Officer of Ram Power and as a member of the board of directors (the "Board") of Ram Power, effective immediately.

A Search Committee will be formed by the Board to begin the search, selection and appointment of a new President and Chief Executive Officer. Effective immediately, the Board has appointed Mr. Walter M. Higgins, to serve as Ram Power's interim President and Chief Executive Officer. Mr. Higgins has been a member of the Board since 2009. Mr. Higgins will serve as Interim President and Chief Executive Officer until a successor is found.

Mr. Higgins, retired Chairman and CEO of Sierra Pacific Resources, now NV Energy, the electric and gas utility for most of Nevada, has over 34 years of experience in the energy sector. He is also a director of South Jersey Industries (a diversified energy and natural gas utility holding company), AEGIS Insurance (a property and casualty insurer to the electric and gas industries), TAS Energy (a manufacturer of energy and industrial cooling equipment), Imperial Finance, and is a member of the board of the operating company of Landis+Gyr, the world's leading smart grid and metering company. He also serves on several community organization boards.

"Mr. Higgins is very familiar with the operations of the Corporation and has played a major role in the key strategic decisions throughout the Corporation's evolution," said Mr. Antony Mitchell, Ram Power's Executive Chairman. Added Mr. Mitchell, "Mr. Higgins's previous senior management utility experience makes him an ideal choice to guide the company as interim CEO."

Mr. Ram was a founder of the Corporation and an important contributor to its growth and success. The Board thanks Mr. Ram for his dedication to the Corporation and wishes him well in his future endeavors.

About Ram Power, Corp.

Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties and has an interest in geothermal projects primarily in the United States, Canada, and Latin America.

Cautionary Statements

This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram Power. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power, undertakes no obligation to update forward looking information, other than as required by law, or to comment on analyses, expectations or statements made by third-parties in respect of Ram Power, or its financial or operating results or its securities.

Contact Information