Posted: Oct 16, 2007

Prenova Names Michael Nark President and Chief Executive Officer

ATLANTA, GA - October 16, 2007 - Prenova today announced that its Board of Directors has named Michael Nark as the Company’s President and Chief Executive Officer effective October 15, 2007. Mr. Nark succeeds Ed Smith who has served as CEO since 2003. Prior to joining Prenova, Mr. Nark was President and CEO of GEOCOMtms, a privately-held fleet management services provider to the oil and gas marketplace. He is extremely familiar with the energy industry as he served as Executive Director of sales operations for Honeywell International. “We are extremely pleased to have Michael join Prenova as our new CEO. His strong entrepreneurial skills and familiarity with the energy market make him the perfect person to lead us to the next level of growth,” said Tom Carlin, Chairman of Prenova’s Board of Directors. “He has a keen understanding of how our solutions can reduce our customers’ energy-related spending, and how we can best bring these solutions to market.”