Powerstorm Capital Corp. Appoints Global Telecom Board Member Emad Farid as 2014 Board of Advisors Member
Powerstorm Capital Corporation
31244 Palos Verdes Dr W., Suite 245
Rancho Palos Verdes, CA, 90275-5370
Press release date: March 26, 2014
Powerstorm Capital Corp. (OTC: PSTO) today announced the appointment of Emad Farid to the company’s Board of Advisors. Mr. Farid is Chief Executive Officer of Nile Sugar Company and serves on the Board of Director of several subsidiaries of Global Telecom and Orascom Telecom, Media and Technology (OTMT).
Michel Freni, Powerstorm Capital CEO stated, "When we decided to produce a best-in-class hybrid power solution company for the telecommunications industry, our first step was in securing highly knowledgeable and experienced industry experts to ensure that the Powerstorm solution would meet and surpass immediate energy needs and would be scalable and adaptable to energy technologies of the future. Emad brings a unique set of skills within the wireless industry and remains ahead of the curve in market change. In his advisory role, Emad will focus on corporate strategy and business development.”
In addition to being CEO of Nile Sugar Company and a long standing Board Member of several subsidiaries of Global Telecom (formally Orascom Telecom) and OTMT, Mr. Farid business accomplishments include a pivotal role in the growth of Orascom Telecom from a mid-sized regional mobile telecom operator with a market capitalization of USD 200MM in 2001 to a worldwide global operator that ultimately merged with Vimpelcom to create the world's 6th largest telecommunications carrier in 2011. Emad oversaw the successful turnaround of WIND Italy Company to one of the best performing mobile, fixed line and broadband integrated operators in Europe within a record time span of 3 years and he led the start-up and launch/re-launch of a number of Orascom Telecom operations including Libertis (Congo Brazzaville), Chad Mobile, Mobilink (Pakistan), Syriatel (Syria), Sabafone (Yemen), Tunisiana (Tunisia), Banglalink (Bangladesh), Iraqna (Iraq), Koryolink (North Korea) among others.
"Powerstorm’s expertise and platform of providing energy savings and reducing costs to the telecommunications providers has put them at the forefront within the industry,” said Mr. Farid. “I look forward to working with the Powerstorm team to further advance the potential for this program and the applications it may have.”
"Emad is an incredibly accomplished leader in the telecommunications industry with extensive experience across a diverse range of areas," said Annamaria Pruteanu, Powerstorm Capital Corp.’s President. "He will be a valuable member of our company, and we welcome his insights and guidance as we continue the advancement of our programs addressing energy efficiency, quality of life enhancements and cost savings throughout the entire telecommunications industry.”
Powerstorm Capital Corp. services the telecommunication industry, primarily in sub-Saharan Africa, the Middle East, China and South America. The company’s core business consists of providing turnkey region-specific hybrid power solutions to its customers – from hardware procurement, installation and on-going maintenance and technical support. Powerstorm Capital Corp. maintains offices in Hong Kong, New York as well as an operational hub in The Netherlands.
For additional information please visit http://www.powerstormcapital.com
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