3Power Energy Group Appoints Mr. Claudio Terruzzi, a Prominent Italian Entrepreneur, Board Member of The World Solar Foundation, as a Non Executive Board Member of the Company

NEW YORK, Feb. 8, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the company appointed Mr. Claudio Terruzzi, a prominent Italian entrepreneur and steel industrialist, with worldwide investments and a successful career especially in the environmental sector, as a board member and senior executive within reputable organisations. The company will benefit a lot from Mr. Terruzzi's distinguished global network and expertise, especially in Italy.

Mr. Terruzzi was born on 14.02.1956 to an Italian leading steel industrialist who still runs his empire.  Mr. Terruzzi holds a Master in Law from the University of Nevada. He is a winner of the "GOLDEN ANGEL" prize for the environment, a prize awarded to people engaged in solidarity and environmental actions. He is also the subject of biographical record in The Marquis Who's Who Publications Board in Finance and Industry 1998 1999.

Mr. Terruzzi is a board member in the World Solar Foundation, a prime organisation focusing on sustainable and renewable energy with members from all over the world and maintains special relations with the UN and, since 2010, is a member of the Milano Expo 2015 Energy and Environment Think Tank Team.

Mr. Terruzzi held several positions within the environmental sector, being president of A G E M E N T SYSTEM SpA, Company leader in installations connected to environmental services, Vice-President of ASPICA of WASTE MANAGEMENT ITALIA, Group leader in the environment business and was the vice president of WASTE MANAGEMENT ITALIA SpA, a leading group.

Mr. Terruzzi is a shareholder and board member of ITALBROKERS SpA, a leading European insurance company.  He is also the founder of Global Engineering and Trade S.P.A., an Italian company specialized in Photo catalytic coatings and paints with several registered patents.

In his career, Mr. Terruzzi held several public positions within the core family business in the steel sector.  He was the President of the "ASSOFERMET", National Association of stainless steel traders, President of "FEDERACCIAI", National Association of stainless steel pipes Manufacturers President, Chairman of Special Steel Committee FIANATM BRUXELLES World Association of Steel Committee D A N E C O M A N.

Forward Looking Statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to 3Power, its business and prospective development plans. These forward-looking statements can be identified by the use of terminology such as "subject to," "believe," "expects," "plan," "project," "estimate," "intend," "may," "will," "should," "can," or "anticipates," or the negative thereof, or variations thereon, or comparable terminology, or by discussions of strategy. Although all of the forward-looking statements set forth in this press release are believed to be reasonable, actual results may differ materially from those expressed in forward-looking statements as a result of factors outside of the control of 3Power.  3Power cannot provide assurances that any prospective matters described in the press release will successfully close or otherwise be completed or that 3Power will realize the anticipated benefits of any such transactions. Important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in 3Power's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on forward-looking statements.  3Power does not undertake and specifically disclaims any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. All forward-looking statements should be regarded solely as 3Power's current plans, estimates and beliefs.

SOURCE 3Power Energy Group Inc.