|By PR Newswire||
|April 3, 2014 07:30 AM EDT||
PALOS VERDES, Calif., April 3, 2014 /PRNewswire/ -- Powerstorm Capital Corp. (OTC: PSTO) today announced the appointment of Harry Sasongko to the company's 2014 Board of Advisors. Mr. Sasongko is a seasoned telecommunications and finance executive who served as Indosat's president director and CEO from 2009 through 2012. Indosat is the largest subsidiary of Ooredoo Q.S.C., previously Qatar Telecom.
Michel J. Freni, Powerstorm Capital CEO stated, "Harry understands early stage implementation of green power solutions for powering telecom infrastructure, including material requirements and regulatory support, along with business model innovations to accelerate investments and promote a more sustainable approach for powering telecom infrastructure while reducing energy OPEX. His knowledge and industry strength are crucial for Powerstorm Capital's growth in this sector."
Mr. Sasongko led Indosat to become the first public company telecommunications operator in Asia to monetize its towers to an independent public tower company and reinvigorated the company through non-strategic asset divestiture. He was also an early adopter of green energy initiatives. Mr. Sasongko has managed organizations with large customer bases – over 55 million in telecom and 7 million in retail banking – operating advanced industries in a competitive marketplace over a large geography. He is also familiar with execution of global and local capital market operations and spearheaded a substantive raising of global bonds.
Earlier in his career, Mr. Sasongko served as CEO and president of GE Money Indonesia from 2005-2009 and as managing director of Lippo Bank from 1998-2005. He started his career as a banker with Citibank, NA in 1988.
In 2012, Mr. Sasongko was nominated as one of 44 finalists from over 1,000 entrants to CNBC's 11th Annual Asian Business Awards Leaders and was recognized in 2008 as one of Indonesia's Top 10 CEOs.
"I am excited to join PSTO's Advisory Board because I believe this company has a strong and honorable mission, driven by high energy and innovation. I also feel that its international members can contribute greatly and learn from each other. I like the fact that PSTO is focused on the sustainable technology solutions and believe that this is the right way of doing commercial business," said Mr. Sasongko.
"Harry enjoys broad reaching expertise in the telecommunications sector and has influence across a large geographic sector of our targeted growth area," said Ana-Maria Pruteanu, Powerstorm Capital Corp.'s President. "We are confident that Harry will prove a strong asset in strategizing the company's next phase of growth in telecommunications energy."
Mr. Sasongko holds a Master's degree from Ohio State University and a B.Sc. from Bandung Institute of Technology in Indonesia. He speaks English, Dutch and Bahasa.
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
This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Powerstorm's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm's future performance, please refer to Powerstorm's most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm's forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.
SOURCE Powerstorm Capital Corp.
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