CPC Gains New President.

LAS VEGAS--(BUSINESS WIRE)--Sept. 2, 1999--

Composite Power Corp. (CPC) (OTC BB:CPWW) Thursday announced the appointment of Robert E. Jones as president, succeeding C. William Arrington.

In conjunction with the appointment, CPC also announced it has contracted with Enernomics Inc., an Atlanta-based management services company founded by Jones and specializing in energy project development and evaluation.

Company officials expressed strong confidence in Jones based on his years of executive experience in the energy field. Jones has a bachelor's degree in electrical engineering from the Georgia Institute of Technology and a master's degree from Georgia State University. While at Harvard Graduate School of Business, he completed the Program for Management Development. He served Georgia Power as a district manager in the Atlanta area while developing successful major marketing programs for that utility.

As president of Southern Development and Investment Group, a subsidiary of the Southern Company, Jones was responsible for new business development. Projects included opportunities in wireless, fiber optics, billing services, alternate generation, biomass and other energy-related business lines. Jones has received numerous industry awards and has held leadership positions in EPRI and other industry associations.

Jones retains his position in Enernomics, which he founded following his career with regulated utilities. Enernomics, through its team of experienced senior consultants, has provided benchmark utility performance studies for numerous major corporations such as General Motors, Texaco, Procter & Gamble, and for more than 30 utilities.

These studies were designed to assist corporate management in marketing, operation strategy and cost-reduction programs related to energy utilization.

"There are few executives in the energy field who have a background and depth of experience as tailor-made for CPC as Bob Jones," said Composite Power Chief Executive Officer P. Roger McCombs.

Immediate focus for Jones and his Enernomics team will be management of the Green Energy Project recently announced by Composite Power in conjunction with major strategic partners.

"I am pleased to be joining the company as president," reported Jones, "because I believe the future of electricity generation, distribution and marketing will come from the type of creative and collaborative approach Composite Power has undertaken.

"The next few years will see a realignment of providers and consumers of electricity in the marketplace, which I believe will reward forward-thinking infrastructure companies such as Composite Power. I am excited to be a part of that future."

The above forward-looking statements are intended to qualify for the safe harbor provisions of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.