LEMON GROVE, CA -- (Marketwired) -- 01/17/14 -- Alas Aviation Corp., (OTCQB: ALAS) (the "Company" or "Alas"), on January 10, 2014, the Board of Directors of Alas appointed Harold Hansen as President and Chief Executive Officer, and interim Treasurer and Chief Financial Officer of the Company following the share exchange agreement previously announced between Alas and OELC LLC and its subsidiary Energie Lighting LLC. As the founder and CEO of Energie, Mr. Hansen was responsible for business development and corporate strategy for Energie. Mr. Hansen has over 40 years of business experience in varying executive roles with senior business development, sales and marketing positions with Peerless Lighting (Acuity), General Mills and Herman Miller.
"We are extremely excited to participate in the growth opportunities that are offered with LED Lighting. With our focus on LED we will continue the growth strategy for Énergie as a wholly owned subsidiary of Alas," said Hal Hansen. "We intend to change the company name to Excellux, Inc. and with recognition of the new mandates for energy efficiency at the State and Federal level, aggressively pursue organic growth and strategic acquisitions in the LED Lighting market place."
ABOUT ÉNERGIE: Énergie was founded in 2001 and focuses on providing specialized interior lighting solutions to the architecture and interior design markets. The Company is headquartered in Wheat Ridge, Colorado and also maintains a production and assembly facility in Zeeland, Michigan. Énergie's business is based upon the Company's partnership with various European suppliers of innovative highly efficient LED lighting technology. The Company is capitalizing on these European lighting companies' desire to penetrate the North American markets by solving many of the problems these manufacturers encounter when approaching the market. These obstacles include designs that do not meet UL/CUL standards and building codes, the need to provide appropriate marketing and product information and specifications, among others. Énergie's business strategy is to enter into exclusive sales agreements with European suppliers that have unique lighting products; and to bridge the divide between North American architects' and designers' desired access to innovative European products and European manufacturers' desire to find a cost effective way to penetrate the North American markets for their products. These European partners are continually developing new products and Énergie generally negotiates the right of first refusal to launch such products in North America.
Safe Harbor Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks, including those set forth in the Company's current reports filed with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and the Company undertakes no obligation to update such statements.
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Or visit the website at www.excelluxinc.com