Date: Thursday, February 23, 2006
Trading Symbol:OTCBB:BBSE
Barnabus Energy Appoints Derek May as Chairman of the Board
SOLANA BEACH, CA February 23, 2006 -- Barnabus Energy, Inc. (OTCBB: BBSE) is pleased to announce the appointment of Mr. Derek May to the position as Chairman of the Board of Directors.
Mr. May was previously appointed to the position of Governance Chair in November, a position now undertaken by recent appointee and board member Mr. E. Douglas Ward.
As noted previously, Derek May joined Qualcomm in 1988 as Vice President of Operations and was responsible for the establishment of all of their manufacturing and operations activities at that time. In 1994, he was appointed President of Qualcomm Personal Electronics and during his tenure the company grew from five to over 5,000 employees, producing 1.3 million phones a month and becoming one of the number one performing stocks on NASDAQ for several years.
Mr. May previously held senior executive positions at GEC and Philips Industries in the United Kingdom, with responsibility for over one hundred facilities and subsidiaries throughout the UK. He went on to join Teledyne in the USA overseeing their manufacturing and jet-engine-overhaul facilities. This venture was followed by an appointment at National Advanced Systems and a role encompassing the entire mainframe computer manufacturing operations for the firm.
Barnabus President David Saltman was pleased to state, "It has been a real pleasure working with Derek. This new role as Chairman of our Board is a natural evolution for his talents. We are extremely fortunate to have the technical skills and experience he brings to the table. We are even luckier in having the leadership and level of enthusiasm he conveys. Our overall leadership team is quickly becoming a unified force, and with Derek in this new role we are certain to move ahead towards firmly establishing the company as a real player in the Renewable Energy marketplace."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a world-class Renewable Energy company. Barnabus is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
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David Saltman, President
Investor Relations Contact: Brad Long 1-800-250-2610
Visit our website at www.barnabusenergy.com
