Environmental Power Corp. elects new board members at annual meeting

July 29, 2002
Environmental Power Corp., a specialist in agricultural waste pollution control and renewable energy production, has elected three new board members at its' annual meeting.


Portsmouth, NH, July 29, 2002 -- Environmental Power Corp., a specialist in the pollution control of agricultural waste on farms as well as renewable energy production, announced that it elected three new Board Members at its' Annual Meeting in Boston on Thursday, July 25, 2002.

The new members of the Board of Directors are Herman Brubaker, Jessie J. Knight, Jr., and August Schumacher, Jr.

Herman Brubaker is Chairman of the Board of the Dairy Farmers of America and a lifetime dairy farmer. He serves on the Board of Directors of the National Milk Producers Federation and chairs the United Dairy Industry Association.

Jesse Knight recently served on the California Public Utilities Commission as Managing Commissioner of the Electric and Telecommunication industries of the State. Knight is former Vice Chairman of the World Affairs Council of California and is a standing member of the Council on Foreign Relations. Currently, Knight is President and Chief Executive Officer of the San Diego Regional Chamber of Commerce.

Gus Schumacher has served as the third-highest ranking official in the United States Department of Agriculture in the Farm and Foreign Agricultural Service from 1997-2001 and President of the Commodity Credit Corporation. He also directed the Department's Foreign Agricultural Service.

Schumacher was the Senior Agricultural Project Manager for World Bank and was Commissioner of Food and Agriculture for the Commonwealth of Massachusetts. Presently, he is a consultant for W.K.K. Kellogg Foundation and the Managing Director of SJH and Co.'s Washington D.C. operations.

Joseph E. Cresci, Chairman and CEO, stated at the Annual Meeting, "We are delighted to welcome three such capable and prestigious members to an already dynamic Board of Directors. Each new member adds strength and experience in the agricultural and energy industries as well as in general corporate governance. The involvement of our strong and independent Board of Directors will provide crucial guidance towards fulfilling our Corporate mission and realizing the potential of our opportunities."

Cresci further noted that, "Our Company mantra is "Doing Well By Doing Good". This concept is no longer a marginal one in corporate America. If you believe in the free enterprise system, then it's clear that private, for-profit companies should and will step to the forefront to address a number of society's problems. In doing so, they will be profitable and society will benefit.

He concluded by saying, "Environmental Power is well positioned to profitably serve two dynamic markets: air and water pollution control and renewable energy. Demands in both markets are growing at a spectacular rate and society needs to address these issues recently."

Environmental Power's anaerobic digestion systems will help animal feeding operations meet Environmental Protection Agency and U.S. Department of Agriculture pollution standards. And, at the same time produce much-needed renewable energy from extracted methane gas found in animal wastes.

Environmental Power recently signed letters of intent with a group of farms in Wisconsin to build their highly efficient anaerobic digestion systems and secured a long-term agreement with Wisconsin Public Service Corporation to produce electricity from the polluting waste.

Environmental Power is targeting its proposed anaerobic digestions systems to animal feeding operations in the U.S. and estimates market potential for this type of pollution control to exceed $14 billion.

Environmental Power Corp. is an entrepreneurial energy company established in 1982 with annual revenues in excess of $50 million. The company focuses on environmentally sound power generation and anaerobic digestion systems.

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