EnDevCo Appoints New Chief Financial Officer

EnDevCo, Inc., the Energy Development Company, today named Joseph Lessard as Chief Financial Officer and Vice President Americas. "Joe Lessard has eighteen years of 'hands on' entrepreneurial experience in energy development and power plant operations. His broad business development and structural finance experience will help us accelerate revenue generation from our current asset base in the United States and South America," stated CEO Chris A. Dittmar.

Mr. Lessard previously served as Vice President, Americas for Globeleq, where, under his leadership, that company successfully entered the power markets in Peru, Bolivia, Chile and Argentina. He was directly responsible for negotiating and financing major greenfield and acquisition energy projects in these nations. Prior to Globeleq, Mr. Lessard jointly formed Hart Energy International, LP, with two other principals, and established energy positions in several South American countries. He also served as Regional Managing Director of Coastal Power Company, where he managed three power plants in the United States and secured power projects in Thailand and Indonesia.

Mr. Lessard holds a Masters in Business Administration and a Bachelor of Science degree in Electrical Engineering, both from Texas A&M University. He served as a nuclear-qualified officer onboard the U.S.S. Alabama, a Trident-class nuclear submarine.

"We are pleased to add an executive with Mr. Lessard's breadth of experience and track record of success to our management team. His knowledge of South America will prove very beneficial as EnDevCo moves forward with our projects in that region," stated COO Richard G. Boyce.

"I am very excited and pleased to join EnDevCo at this time. The Company's recent success in Short Junction Field and its Gulf of Mexico and South American projects present unique opportunities for dramatic revenue growth. I look forward to the opportunity to increase the financial performance of the Company and provide investors with additional reasons to consider EnDevCo for investment," stated Mr. Lessard.


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