VALERE POWER NAMES KEN VINES CHIEF FINANCIAL OFFICER
Veteran Executive to Oversee Financial Operations for Leading AC/DC Power System Company

Richardson, TX—Aug. 3, 2005— Valere Power announced today the appointment of Ken Vines as its new Chief Financial Officer in charge of all finance operations. Vines served as CFO of two publicly traded companies and one private company prior to joining Valere, and has extensive international experience. He will report directly to Valere president and CEO Andy Marsh.

“ With revenues expected to double this year and our continued global growth, Ken has the type of solid financial background we have been searching for,” said Marsh. “Ken understands the intricacies of working across national borders and has the track record to ensure that our growth is well managed and properly financed. ”

Vines most recently served as vice president and CFO of Datapath, Inc., a privately held company that develops, integrates and services satellite earth station products. He previously served as senior vice president, CFO, treasurer and secretary of EXE Technologies, a publicly traded software developer. Ken also served as Vice President of Finance and Controller of DSC Communications, which was later acquired by Alcatel, in Plano for 12 years.

During his career, Vines has participated in several public and private debt and equity financings, and he has had significant experience in acquisitions and divestitures. His responsibilities have included investor relations, information systems, human resources and legal, in addition to financial functions. Vines holds a BBA from the University of Texas at Arlington and an MBA from the University of North Texas.