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Cirro Energy expands management team with new Chief Financial Officer
James D. Wright Brings Wealth of Experience to Retail Energy Provider
DALLAS – July 30, 2003 – Increased consumer demand for electricity savings has led Cirro EnergyTM to expand its management team with the addition of James D. Wright as Chief Financial Officer. In his new position, Mr. Wright is responsible for the development and oversight of Cirro’s accounting functions, as well as strategic financial direction including planning, reporting, budgeting and raising capital for future initiatives.

"Cirro Energy has experienced significant growth since the inception of deregulation, as consumers respond strongly to our competitive rates, energy management tools and personalized service,” said Tim Rogers, CEO of Cirro. “That growth has set the stage for a veteran CFO to further guide Cirro Energy’s accounting and financial departments. James Wright brings extensive experience and talent to our team, ensuring Cirro’s expansion continues to be smooth and seamless."

Mr. Wright joins Cirro Energy after serving four years as managing director of power project development and acquisitions at Power Development Enterprises, LP. He has over two decades of experience including long tenures at Panda Energy International and Banc One Capital Corporation. Mr. Wright earned a Bachelor of Science degree from Vanderbilt and a Masters of Business Administration from the Darden School of Business at the University of Virginia.

Cirro – New CFO

"Cirro Energy has been one of the most successful REP’s in Texas," stated Mr. Wright. "The company thrives in newly deregulated industries because the founders have instilled a no-nonsense approach to service, competitive attitude and entrepreneurial spirit. I am very enthused about this exciting opportunity to help a sound company become even more successful."

Mr. Wright officially joined Cirro Energy as of May 21, 2003. He is based in the company’s Plano, Texas, headquarters.

About Cirro Energy

Cirro Energy brings a new, smarter approach to utility services. Led by a management team with successful experience in deregulated markets, Cirro Energy is founded on the principles of delivering superior customer service and savings. The customer-focused and service-oriented company provides business and residential customers with multiple service package options. Cirro plans to offer bundled utility services, including electricity, telecommunications and Internet access within Texas. For more information on Cirro Energy, visit www.cirroenergy.com or contact Scott Black at (214) 520-3430 ext. 303.

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Released - Wednesday, July 30, 2003
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