NEW YORK, Sept. 19 /PRNewswire-FirstCall/ -- M Power Entertainment, Inc.
(OTC Bulletin Board: MPWE), a developer of lifestyle initiatives to emerging
global markets, announced today that it has retained Sheila M. Testa, a proven
turnaround specialist and an expert at managing for profit for over 26 years.
Ms. Testa is the Founder, President and CEO of Fair Winds Corporation, a
private energy acquisition and consulting company. Previously, Ms. Testa was
President and Director of Bristol Resources Corporation where company assets
sold for a price more than 12% higher than anticipated. As a CEO and Trustee
of Midcon Offshore, an energy company, Ms. Testa restored and increased
production by 25%. With revenue restored, the company's value was increased by
30% and its assets sold for more than $30 million. Ms. Testa also held
positions as a financial consultant to the energy industry, an acquisition and
divestment specialist for private companies and individuals, and is a former
financial analyst for CBS, Inc.
Gary Kimmons, President of M Power Entertainment, said, "Sheila's 26 plus
years of experience in bringing companies to profitability makes her an ideal
asset to the Company. Our business model includes the acquisition of rapidly
growing companies and developing them into highly profitable entities.
Sheila's proven track record of increasing a company's production levels and
overall value should prove an asset to the Company as we execute our growth
strategy."
Sheila M. Testa, Consulting Corporate General Manager, said, "I'm pleased
to be associated with M Power Entertainment. Their business model, the
acquisition and development of high-growth potential companies, speaks to my
strength in positioning and developing companies for long-term profitability.
I'm looking forward to a long and mutually beneficial relationship."
About M Power Entertainment, Inc.
Based in New York, NY, MPWE is a next-generation media and entertainment
corporation providing a diversified portfolio of state-of-the-art
entertainment and media resources. The Company's strategy is to acquire and
integrate its subsidiaries to create lucrative cross-promoting opportunities
within the entertainment and lifestyle spheres. For more information on M
Power Entertainment please visit its corporate website http://www.mpe.us.com.
Safe Harbor Statement Under The Private Securities Litigation Reform Act
of 1995: The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results from
new products in development are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may not occur.
SOURCE M Power Entertainment, Inc.
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Related links:
http://www.mpe.us.com
CONTACT:
Deanna Slater of M Power Entertainment Inc.,
+1-212-731-0834, deanna.slater@mpe.us.com; Investors - Rick
McCaffrey of OTC Financial Network, +1-781-444-6100, x625,
rick@otcfn.com, for M Power Entertainment, Inc.
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