Plugless Power Appoints Board of Directors for 2011

WYTHEVILLE, Va., Feb. 9, 2011 /PRNewswire/ -- Evatran, the developer of Plugless Power, the "hands-free" electric vehicle recharging system, announced today its establishment of a Board of Directors to provide a first-level of analysis and oversight to the company's strategic decisions and goals.  New Board Members include David Colburn, James Fraser, Michael Jacobs, and John Kasberger.

David Colburn is a senior executive with over twenty years of C-level global and domestic experience running companies with revenues as high as $7B.  James Fraser has led the development of new product lines generating over $65M in sales; developed and managed multimillion-dollar advertising and marketing programs; and built a North American industrial distribution network serving 3500 customers.  Michael Jacobs, the founder and CEO of Jacobs Capital, LLC and a graduate of Harvard Business School, has managed investment banking practices for several major firms. John Kasberger, who has substantial experience in opportunity identification, business development, and profit contribution, has developed strategy and executed market-share growth for businesses accounting for more than $12B in sales revenue.

According to Tom Hough, Chairman and CEO for Evatran, "We are extremely proud to select this group of business leaders for our Board of Directors, thus heightening the level of governance for Evatran.  This team is qualified by decades of multi-industry experience as well as proven competencies in growth management, marketing strategy, product development, corporate finance, and more. The expertise of our board spans every level of the automotive sector, which makes this team a considerable asset."  Hough added, "We value their input in helping us develop and fulfill our strategic goals for 2011."

About Evatran

Evatran is the developer of Plugless Power™, the "hands-free" charging system for electric vehicles.  Utilizing a unique dual-component system based on inductive technology, Evatran's Plugless Power™ streamlines the process of charging electric vehicles and extended-range hybrids by eliminating the nuisance of the cord and the plug.  The result is an electric-vehicle charging system that is simple, convenient, and reliable. Evatran's customers are manufacturers, dealers and drivers of electric or extended-range hybrid vehicles.  

SOURCE Evatran