PRESS RELEASE

Cool Planet Energy Systems announced today the appointment of Howard Janzen as president and CEO and Michael Bukowski as VP of Fuel Production. Howard and Michael are additions to the existing team of executives at the Company. Howard spent his early career at The Williams Companies involved in both the liquid and natural gas pipeline businesses. He has bachelors and masters degrees in engineering from The Colorado School of Mines. In 1994, Howard was selected by Williams to be the President and CEO of Williams Communications Group. The company designed and built a next generation fiber optics network, initially using existing pipeline rights of way to become a major backbone of today’s internet. Under his leadership, the group completed a $7 billion network build and delivered this project on budget and one year ahead of schedule. Williams Communications Group had a successful IPO and was later spun off as a separate public company. Subsequent to Williams Communications, Howard became the president of Sprint Business Solutions, managing 10,000 employees and over $12 billion of annual revenue. Most recently, Howard Janzen was the CEO of One Communications where he oversaw the integration of eight regional communications companies into one leading service provider.

Michael Bukowski, Cool Planet’s new VP of Fuel Production, spent 14 years at Sunoco where he rapidly progressed from an entry-level service engineering position to become the Vice President of the Mid Continent Refining Complex. He was subsequently Vice President of the Chemical and Manufacturing Division and General Manager of the largest refinery on the East Coast which produces up to 330,000 barrels per day.

Mike Cheiky, founder and chairman of Cool Planet, says, “We are very excited to welcome Howard and Michael on board. They have both demonstrated an extraordinary capability to rapidly expand business opportunities. We see them as a vital addition to transition the company from its development phase to the large scale production of sustainable reduced carbon gasoline.”

More about Cool Planet Energy Systems:

Cool Planet is developing technology to convert any type of cellulosic biomass including agricultural waste and fast growing energy crops into sustainable gasoline. The fuel that Cool Planet produces can be carbon neutral because it comes from bio-sources and the company is also pioneering revolutionary negative carbon fuels which can more aggressively address global warming and sustainability issues. Cool Planet’s investors include General Electric, Google, BP, Conoco Phillips, NRG and the Constellation Energy division of Exelon as well as venture capitalists North Bridge Venture Partners and Shea Ventures. Cool Planet Energy Systems plans to mass produce refinery equipment for the conversion of biomass to liquid fuels and its Cool Planet Biofuels division will partner with a wide range of commercial interests to operate these mini-refineries around the world. For more information go to www.coolplanetbiofuels.com .

PRESS RELEASE

Carbon Motors Corporation announced today that Ron Nash will join its Board of Directors effective 1 June 2012. Nash’s appointment brings more than 25 years of experience in high growth companies and critical executive leadership in turnaround situations in both multi-billion dollar technology companies like Perot Systems and EDS, and in multiple breakthrough technology companies.

“Ron’s expertise in start-ups, technology, fundraising, corporate governance and successful IPOs will be of great value in the board room,” stated William Santana Li, chairman and chief executive officer, Carbon Motors Corporation.

Nash is a member of InterWest Partners, a Silicon Valley headquartered, technology venture capital partnership with practices in information technology and life sciences. As a Partner at the Dallas office of InterWest, he invested in multiple new technology start-up companies and serves as a director to help chart their growth and increase their market value. His investments have created companies with a current market value of more than $500 million. He is also a board member of the Defense Venture Capital Initiative, which aims to connect various units of the US Department of Defense with breakthrough technology companies at very early stages in order to accelerate technology adoption.

“Carbon’s mission to provide law enforcement with a long overdue, purpose-built product is not only noble but an opportunity to build a tremendously successful business worldwide,” said Nash. “The Company has a breakthrough product on its hands, has customers waiting, the management team is in place, it has established a distinguished advisory board, key suppliers are engaged and the first phase of refurbishing the factory in Connersville has been completed. I could not be more excited to help with the next phases of growth.”

Previously, Ron had a successful tenure at Perot Systems (now Dell Services) where he was a senior Vice-President from 1993 to 2000 with revenue growth from around $100 million to $1.2 billion, and was a member of the team leading their IPO process in 1999. At Perot Systems, his responsibilities included managing their industry group worldwide with revenue from healthcare, utilities, transportation and insurance verticals, managing sales and marketing worldwide, managing their overseas business operations, and being a member of a team which managed their business in North America (the majority of the company at the time). He was a Director of HPS, their joint venture in India for software development with HCL Technologies. His career at Perot Systems included in-depth business experience abroad with a multi-year assignment leading the European & Asian divisions of Perot Systems and living in London, England.

Ron began his career at EDS (now HP Enterprise Services), serving in both technical and business management positions over six years, and served in the U.S. Army in the 1st Battalion, 3rd Infantry (The Old Guard) in Washington, D.C. He has been recognized as a member of the Academy of Distinguished Engineering Alumni at Georgia Tech, as a Distinguished Alumnus of the School of Industrial and Systems Engineering at Georgia Tech, a Distinguished Alumnus of the Jindal School of Management at the University of Texas at Dallas, and a Distinguished Alumnus of the University of Texas at Dallas.

About Carbon Motors Corporation

Carbon Motors Corporation’s long-term mission is to be the world leader in law enforcement vehicle technology by producing a portfolio of innovative purpose-built specialty vehicles for the global market.

SOURCE: Carbon Motors Corporation

PRESS RELEASE

PubMatic, the digital media platform company for publishers, today announced that Nadine Stocklin has joined the company as general counsel. Stocklin brings a decade of legal experience with interactive media and marketing companies to her new role. As general counsel, Stocklin will be responsible for leadership and oversight of the company’s legal affairs including contracts, acquisitions, licensing agreements, business partnerships and privacy-related matters.

Most recently, Stocklin was associate general counsel at QuinStreet, a publicly traded online marketing and media company, where she managed the legal affairs of the company, including preparing the company for its initial public offering, negotiating and closing acquisitions and supporting international expansion. Before QuinStreet, Stocklin worked at IAC Search and Media where she supported the Ask.com and Evite.com divisions. Prior to IAC, Nadine worked as a corporate associate at Skadden Arps Slate, Meagher and Flom LLP and Affiliates in Palo Alto, where she advised high-growth media and technology companies.

“Stocklin’s experience in driving the expansion of public and privately held high-growth digital media companies will be a valuable addition to PubMatic as we continue our rapid growth,” said Rajeev Goel, Co-Founder and CEO of PubMatic. “She understands the needs and challenges of our core clients: premium publishers, and will help us fulfill our promise to make it easier for sellers and buyers of digital advertising to work together.”

While she has worked on four continents in her career, Stocklin resides in the Bay Area and is based in PubMatic’s Silicon Valley headquarters. A graduate of the University of California at Berkeley, she received her JD from UCLA.

About PubMatic

Since 2006, PubMatic has been at the forefront of developing innovative technology to help publishers automate the process of evaluating and selling their advertising inventory. PubMatic gives premium publishers a real-time media selling platform for managing revenue and brand strategy. PubMatic’s platform combines real-time bidding (RTB), the most comprehensive brand protection tools, unified optimization and audience insights as well as hands-on support to serve the world’s leading publishers. PubMatic is privately held, backed by funding from Draper Fisher Jurvetson, Nexus Venture Partners, and Helion Ventures, and has seven offices around the world in the U.S., Europe and Asia.

SOURCE: PubMatic

PRESS RELEASE

Clairvue Capital Partners announced today that it completed investing Clairvue Capital Partners Fund I (“Clairvue I&q uot;), a $200 million fund launched in April, 2010. According to Jeff Giller, Managing Partner and Chief Investment Officer, “the preponderance of Clairvue I’s capital was invested in real estate vehicle recapitalizations where the proceeds advanced by Clairvue were used to help resolve debt maturity issues and other capital needs. The seven investments in Clairvue I’s portfolio create broad diversification with exposure to assets located throughout the United States and Europe, to office, retail, industrial, hotel and multi-family property types, to vehicles with vintage years from 2004 through 2008, and to various vehicle risk-return categories including opportunity funds, value-added funds, debt funds, mezzanine funds and real estate operating platforms.”

As Clairvue continues its trajectory of growth, the firm also announced that it promoted John Waters, based in San Francisco, to Vice President, and hired Akash Sharma as an Associate based in New York. Prior to joining Clairvue, Mr. Waters was an Acquisitions Associate at Starwood Capital Group, where he participated in the closing of over $1 billion of investments. Prior to Starwood, Mr. Waters was with Banc of America Securities, LLC in the Real Estate Investment Banking Group. “John has made a big contribution to our team and was an important part of executing our investments in Clairvue I,” said Brendan MacDonald, a Clairvue Partner who manages the acquisitions team.

In his role as Acquisitions Associate, Mr. Sharma will support the underwriting and execution of Clairvue’s investment opportunities. He joins Josh Cleveland, a Partner, and Jeffrey Granoff, a Principal, in Clairvue’s New York office. Prior to joining Clairvue, Sharma was an Investments Associate at CIM Group, a real estate and infrastructure investment firm specializing in urban development, where he was responsible for completing over $500 million in stabilized and opportunistic real estate investments and financings. In addition, Mr. Sharma had asset management responsibility for over a million square-feet of office, retail and multi-family space. Mr. Sharma is a graduate of the University of California, Berkeley, where he holds a B.A. degree in Economics.

“Akash joins our team of professionals at an exciting time,” said Mr. MacDonald. “We are seeing a growing need for liquidity within commercial real estate funds and investment vehicles. Debt maturities, slow economic growth and new financial regulations are each contributing to a growing need for recapitalizations and secondary sales of real estate funds and investment vehicles. Akash’s experience underwriting and managing direct property investments will be exceptionally useful as we look to identify and unlock value in real estate investment vehicles.”

Clairvue anticipates making additional hires in both its San Francisco and New York offices over the coming year.

About Clairvue Capital Partners
Clairvue Capital Partners was formed to provide liquidity or related solutions to institutional investors by recapitalizing or acquiring non-controlling interests in real estate private equity funds, joint ventures, operating companies, institutionally managed property portfolios, and other types of real estate platforms. With offices in San Francisco and New York City , Clairvue invests globally. Clairvue recently completed investing Clairvue Capital Partners I, an investment partnership with capital provided by Goldman Sachs Asset Management’s Private Equity Group.

PRESS RELEASE

Cool Planet Energy Systems announced today the appointment of Howard Janzen as president and CEO and Michael Bukowski as VP of Fuel Production. Howard and Michael are additions to the existing team of executives at the Company. Howard spent his early career at The Williams Companies involved in both the liquid and natural gas pipeline businesses. He has bachelors and masters degrees in engineering from The Colorado School of Mines. In 1994, Howard was selected by Williams to be the President and CEO of Williams Communications Group. The company designed and built a next generation fiber optics network, initially using existing pipeline rights of way to become a major backbone of today’s internet. Under his leadership, the group completed a $7 billion network build and delivered this project on budget and one year ahead of schedule. Williams Communications Group had a successful IPO and was later spun off as a separate public company. Subsequent to Williams Communications, Howard became the president of Sprint Business Solutions, managing 10,000 employees and over $12 billion of annual revenue. Most recently, Howard Janzen was the CEO of One Communications where he oversaw the integration of eight regional communications companies into one leading service provider.

Michael Bukowski, Cool Planet’s new VP of Fuel Production, spent 14 years at Sunoco where he rapidly progressed from an entry-level service engineering position to become the Vice President of the Mid Continent Refining Complex. He was subsequently Vice President of the Chemical and Manufacturing Division and General Manager of the largest refinery on the East Coast which produces up to 330,000 barrels per day.

Mike Cheiky, founder and chairman of Cool Planet, says, “We are very excited to welcome Howard and Michael on board. They have both demonstrated an extraordinary capability to rapidly expand business opportunities. We see them as a vital addition to transition the company from its development phase to the large scale production of sustainable reduced carbon gasoline.”

More about Cool Planet Energy Systems:

Cool Planet is developing technology to convert any type of cellulosic biomass including agricultural waste and fast growing energy crops into sustainable gasoline. The fuel that Cool Planet produces can be carbon neutral because it comes from bio-sources and the company is also pioneering revolutionary negative carbon fuels which can more aggressively address global warming and sustainability issues. Cool Planet’s investors include General Electric, Google, BP, Conoco Phillips, NRG and the Constellation Energy division of Exelon as well as venture capitalists North Bridge Venture Partners and Shea Ventures. Cool Planet Energy Systems plans to mass produce refinery equipment for the conversion of biomass to liquid fuels and its Cool Planet Biofuels division will partner with a wide range of commercial interests to operate these mini-refineries around the world.

SOURCE: Cool Planet Energy Systems, Inc.

PRESS RELEASE

Long-time healthcare and technology executive Craig Froude has been named President and CEO of CarePayment Technologies, Inc., the public company that delivers an innovative patient loyalty and payment program that partners with hospitals to provide their patients with more flexibility to cover their out-of-pocket medical expenses.

Froude will be responsible for expanding and developing CarePayment® partnerships with leading hospitals nationwide that need new solutions to help address the rapidly growing burden of patient receivables.  Due to higher deductibles and co-pays, the patient-responsible portion of healthcare expenses has nearly tripled since 2000.  CarePayment® was formed in 2004 and is operational at more than 50 hospitals across the U.S., bringing financial relief to more than 750,000 patients who faced significant out-of-pocket medical expenses.

“CarePayment® is a revolutionary solution that is positioned for rapid growth as hospitals search for ways to improve patient satisfaction and financial performance while fully complying with today’s complex financial regulations,” said Froude.  “We expect CarePayment® to serve millions more patients in the years ahead, as we introduce the program to more hospitals, further strengthen our product portfolio, and pursue technologies and systems that make it even easier for hospital partners and patients.”

Froude was founder and CEO of Portland-based WellMed, Inc., a market-leading company that created technology-enabled health management programs and benefit decision support solutions to large employers and health insurers.  He raised more than $25 million of venture and strategic partner capital to fuel growth at WellMed, which later was honored as one of the Inc. Magazine “500 Fastest Growing Companies” nationwide.  After the company was sold to WebMD in 2002, Mr. Froude ran WebMD Health Services, which achieved a 42 percent annualized growth rate with revenues reaching $95 million and a staff of more than 450.

Earlier in his career, Mr. Froude held senior sales and marketing positions with Creative Multimedia, and with Central Point Software which was acquired by Symantec.  He has a degree in finance from Oregon State University, where he serves as an advisor to the OSU Austin Entrepreneurship Program.  He sits on the Board of Directors of Portland, Ore.-based Pulse Health, LLC, a developer of biomarker measurement systems and 4-Tell, a provider of a SaaS personalized product recommendation solution, which works for websites, email, social media and mobile commerce to drive ecommerce revenue.

In addition to serving as President and CEO of CarePayment Technologies, Inc., Froude was named President of Aequitas Consumer Services and became a partner in Aequitas Capital Management, the alternative investment company that created and finances the CarePayment® program.  Froude will lead the development and expansion of revolutionary revenue cycle management systems for institutions that support patients, students and other underserved consumer segments.

About CarePayment®

Established in 2004, CarePayment® helps patients pay their medical bills over 25 months or more at 0% APR through accounts that are issued by WebBank of Salt Lake City, Utah.  The program, which includes a hospital-branded loyalty card, is an innovative approach that has proven to enhance the patient experience while simultaneously improving collection rates for the hospital.  Many CarePayment® hospital partners experience a twofold impact to their bottom line; one from the reduction in bad debt and the other from additional revenue as a result of attracting new patients.

PRESS RELEASE

Morrison & Foerster is pleased to announce that Jonathan M.A. Melmed has joined the firm’s New York office as the head of the New York private equity practice. Mr. Melmed represents private equity funds and their portfolio companies, hedge funds, corporate clients and investment banking firms in M&A and complex corporate transactions. His addition continues the firm’s strategic expansion of its Private Equity Investments & Buyouts practice, M&A capabilities, and cross-border transactional capabilities. Mr. Melmed’s broad sector experience in M&A and private equity is especially extensive in the alternative energy, infrastructure, media, telecommunications, and life sciences sectors.

According to Hendrik Jordaan, Global Chair of the firm’s Private Equity Investments & Buyouts practice, Mr. Melmed is a significant addition to an area of the firm that continues to see significant expansion. “We expect Jonathan to be a strong leader in our practice,” Mr. Jordaan said. “He has an impressive deal list and a deep understanding of the dynamics of private investment funds. His practice aligns with our global M&A strengths and will also benefit our bankruptcy group’s distressed investing and loan-to-own transactional work for private equity and hedge funds.”

Added Spencer Klein, Co-Chair of the firm’s Global M&A practice,” Jonathan has built a remarkable M&A and private equity practice. He has a rare combination of technical skills, business acumen, and client service. We are delighted to welcome Jonathan to the firm.”

Mr. Melmed’s significant clients have included, among others, Strategic Value Partners, OMERS Capital Partners, EnerTech Capital, BMO Capital, Morguard and Harbinger Capital Partners.

“I am excited to join Morrison & Foerster, which is a wonderful platform for my practice,” Mr. Melmed said. “With the firm’s strong M&A practice, its geographic reach and its sector expertise in several of the industries in which I’ve focused, I will be able to deliver even greater capabilities and service to clients.”

Prior to joining Morrison & Foerster, Mr. Melmed was a partner at Chadbourne & Parke LLP and head of the firm’s Canada practice. Mr. Melmed received his LL.B. and B.C.L. law degrees and his B.A. from McGill University in Montreal. He is admitted to practice in New York and Quebec and speaks English and French. He is recognized by U.S. Legal 500 (2012 and 2011) for his M&A work.

Mr. Melmed’s addition to Morrison & Foerster’s private equity practice comes on the heels of the recent additions of Justin Stock, who joined the firm in London from O’Melveny & Myers, and Erik Knudsen, who joined the firm in Denver from Kirkland & Ellis. The firm also recently announced the addition in New York of longtime Dewey & LeBoeuf partner Domnick Bozzetti, an accomplished tax lawyer specializing in executive compensation and employee benefits who brings important capabilities to the firm’s investment fund and public company clients.

Morrison & Foerster’s M&A group recently shepherded a series of seminal transactions to closing, including representing DaVita Inc. in its $4.42 billion acquisition of HealthCare Partners Holdings, representing Novellus in its $3.3 billion merger with Lam Research, the largest announced stock-for-stock tech deal in 2011, handling the $5 billion sale of Hitachi Global Storage Technologies to Western Digital, and continuing to represent Intel in a string of key strategic acquisitions such as its $7.7 billion acquisition of McAfee and its $1.4 billion acquisition of the Wireless Solutions Business of Infineon Technologies AG. M&A Advisor named Morrison & Foerster Law Firm of the Year in 2012 for the second straight year, and Chambers USA has shortlisted Morrison & Foerster for its 2012 Awards for Excellence in M&A.

ABOUT MOFO.

We are Morrison & Foerster — a global firm of exceptional credentials. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. We’ve been included on The American Lawyer’s A-List for eight straight years, and Fortune named us one of the “100 Best Companies to Work For.”  Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger. This is MoFo.

Reuters – Hermes plans to name Axel Dumas joint chief executive of the French luxury goods group in June next year alongside current CEO Patrick Thomas, the company said in a statement on Tuesday.

Dumas, 42, is a member of the sixth generation of the Hermes family and currently chief operating officer of the group.

(Reporting by James Regan; Editing by Christian Plumb)

Reuters – The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten Heins took over as CEO earlier this year.

The loss of Chief Legal Officer Karima Bawa – who litigated numerous patent disputes and helped write many of RIM’s commercial deals – follows the resignation of RIM’s head of global sales, Patrick Spence, last week.

“Thorsten Heins is reframing the RIM organization. Not everyone will fit into the new picture,” said IDC analyst Kevin Restivo. “Departures, forced or otherwise, are inevitable anytime management sets a new course for an organization.”

The resignations come ahead of what are expected to be massive layoffs this year as the company prepares to launch BlackBerry smartphones run by an operating system completely different from that used in its legacy phones.

RIM’s shares have fallen some 75 percent in the last year while its market share has shriveled against competition from iPhone maker Apple Inc and a slew of manufacturers using Google Inc’s Android operating system.

RIM’s Toronto-listed rose 0.9 percent to C$11.34 late Monday afternoon. The company’s Nasdaq-listed shares were not trading due to a U.S. holiday.

Bawa, who joined RIM in 2000, was promoted to general counsel and chief legal officer in late 2010.

She plans to stay with the company while a replacement is hired and during a transition, RIM said in an emailed statement after Reuters asked about Bawa’s status.

Analysts and former employees have long complained about what they viewed as a hyper-cautious corporate approach at RIM. That grew out of a drawn-out patent dispute early in the company’s rise and was exacerbated by the hiring of a slew of in-house lawyers afterwards.

CLEANING HOUSE

RIM is quietly cleaning out layers of management and recruiting fresh faces to fill important roles in a new structure being fashioned under Heins, who himself replaced longtime co-CEOs Mike Lazaridis and Jim Balsillie in January.

“Thorsten has a very different leadership style,” said one former RIM employee who left several months ago. “He is picking a very specific organizational structure, inner circle, external hires and strategy, and a lot of folks aren’t 100 percent comfortable with it.”

The former employee spoke on the condition of anonymity to protect his ongoing business relationship with the company.

The Waterloo, Ontario-based company currently employs around 16,500 people globally. Two sources with close connections to RIM have told Reuters that RIM plans to bring its workforce closer to 10,000 by early next year.

The sources asked to go unidentified because their disclosures would hurt their relationships with RIM.

The cuts will affect RIM’s legal, marketing, sales, operations, and human resources divisions, one of the sources said.

“The Research In Motion people have come to know is very likely to be a much smaller organization in the near future,” said IDC’s Restivo. “It’s a reflection of the company’s smartphone struggles. Call it an trailing indicator if you will.”

RIM’s share of the global smartphone market slipped to 6.7 percent in the first quarter of 2012 from 13.6 percent a year earlier, according to IDC.

A round of 2,000 job cuts was planned for around June 1, the day before the end of RIM’s quarter, the Globe and Mail said on Saturday, citing several people close to the company.

Last July RIM said it cut 2,000 jobs, after its worker count ballooned to near 20,000 following a string of acquisitions in recent years.

Balsillie remains the departure with the highest profile. While cutting all formal ties to the company, he remains a major shareholder. Lazaridis is still influential on the board.

A chief operating officer, Jim Rowan, and the head of software David Yach left in March. Soon after, Alan Brenner, a senior vice president for the BlackBerry platform, and Alistair Mitchell, vice president for the BlackBerry Messenger instant messaging product, also left.

The head of RIM’s India unit left in November, its head of government relations left months before that, and former chief marketing officer Keith Pardy departed more than a year ago.

RIM said this month it had replaced Pardy with wireless veteran Frank Boulben, who has yet to start work.

It has also named Kristian Tear as its single chief operating officer. He replaces Heins, who took the CEO job, Rowan, who departed, and a third operating head, Don Morrison, who retired last year.

(Editing by Frank McGurty)

Reuters – The head of Actis’ Singapore office, Gary Addison, has left the emerging markets private equity firm after four and a half years, according to an email seen by Reuters.

Addison, who was also a partner at Actis with around 20 years of experience in the industry, has no immediate plans to join another company, according to a source with direct knowledge of the matter.

Actis has not appointed another head of its Singapore office, two sources told Reuters.

London-based Actis manages $4.6 billion of funds and has invested in businesses as diverse as Rwanda’s second-largest commercial bank and fast food chain Xiabu Xiabu in China.