MicroPlanet Appoints Kurt Maass as CFO



    
    Company: MicroPlanet Technology Corp.
    Stock Listing: MP:TSXV
    Stock Listing (US): MCTYF: OTC
    Web Site: www.microplanet.com
    

    SEATTLE, WA, Aug. 4 /CNW/ - MicroPlanet, (MP:TSXV & MCTYF:OTC) a smart
grid, energy conservation company, is pleased to announce the appointment of
Mr. Kurt Maass as its Chief Financial Officer.
    Mr. Maass is a seasoned financial executive with a wide range of previous
experience in accounting, finance and corporate administration with former
responsibilities including Vice President Finance and Administration for a
start up technology growth company, Telecom Transport Management, which Mr.
Maass helped lead through a period of significant growth, and Vice President
and Division CFO of Wireless Network Services at AT&T Mobility. Mr. Maass
performed a variety of roles of increasing responsibility at McCaw Cellular
from its inception through to its sale to AT&T. Prior to AT&T, Mr. Mass was
senior consultant with Ernst & Young.
    Mr. Maass' accounting experience includes working extensively with
Company auditors and managing cash reserves. Mr. Maass also has prior
experience in equity financings including selecting advisers, developing
message and models, road shows, negotiating shareholder agreements and closing
documents. He has successfully negotiated and closed equity financings and
debt facilities with banks and venture lenders. Mr. Maass also has extensive
operational experience in the areas of business development, regulatory
advocacy, human resources, sales, supply chain management and project
management.
    Mr. Maass has earned a Master of Arts, a Bachelor of Business
Administration and a CPA designation.
    Bruce Lisanti, Chief Executive Officer of MicroPlanet, said: "The board
of directors and the rest of the management team would like to welcome Mr.
Maass to the Company. We look forward to Mr. Maass contribution to the team,
as the Company capitalizes on current and future opportunities."

    About MicroPlanet Technology Corp.

    MicroPlanet Technology Corp. is a smart grid, energy conservation
company, whose technology improves power quality and saves electric energy by
the dynamic management of incoming voltage to a home or business. In
commercial and residential building installations, MicroPlanet products have
been proven to significantly reduce electric bills, maintenance costs and
greenhouse gases. Installation of MicroPlanet products for utilities has
improved utility services and facilitates the integration of renewable energy
sources, including solar and wind, to the power grid. MicroPlanet is based in
Seattle, WA and is listed on the TSX Venture Exchange (TSX-V) trading under
the stock symbol: MP. MicroPlanet's website is www.microplanet.com.

    
    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE
    TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

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For further information:

For further information: MicroPlanet Company Contacts: Bruce Lisanti,
President & CEO, Tel: (206) 625-0851, Fax: (206) 625-0999,
blisanti@microplanet.com; MicroPlanet Investor Relations: Gerry Wimmer,
INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: 1-888-894-8222,
gwimmer@investorfile.com

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MicroPlanet Technology Corp.

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