World Energy Exchange Taps Martin Goldenblatt to Lead Business Development

Worcester, Massachusetts (Business Wire) -February 13, 2001--

World Energy Exchange, Inc. (WEXCH), a leading provider of energy procurement solutions and value-added services to commercial, industrial, and government energy customers, announced today that Martin K. Goldenblatt has joined as Vice President of Business Development. Mr. Goldenblatt will be responsible for managing sales activities and developing new business opportunities through alliances and partnerships.

“Marty brings to the table the perfect experience and management style we were looking for in a Vice President of Business Development,” said John Nugent, CEO of World Energy Exchange. “We wanted someone who had worked on both sides of the utility industry and understood the unique problems and challenges of the energy industry today, but we also wanted someone with a strong sales and marketing approach. Marty is a real asset in that he not only understands the nuts and bolts of the technology affecting the energy industry, but knows also what that technology means to the marketplace.”

Mr. Goldenblatt brings over twenty years of sales experience in utility and energy-related industries. Mr. Goldenblatt's previous experience has included the development of software--for such diverse web-based utility applications as load research, rates, pricing, billing, customer support, load profiling and settlement-- the design of nuclear power plants, and consulting on the economic and operational impact of alternative energy resources.

Most recently, Mr. Goldenblatt was a co-founder of LODESTAR, a world-class application software company, where he was a Vice President responsible for sales.
Mr. Goldenblatt received a BS in Mechanical Engineering from the City University of New York and a Masters in Mechanical Engineering from Northeastern University.