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NEW COMPANY WILL FOCUS ON INTERNATIONAL INFRASTRUCTURES

 NEW COMPANY WILL FOCUS ON INTERNATIONAL INFRASTRUCTURES
 INDIANAPOLIS, March 12 /PRNewswire/ -- Accelerated development of


utility infrastructures in the Southern Hemisphere, especially Southeast Asia and South America, will be the focus of a new Indiana-based international company, founded by Craig R. Johnson, former president of the affiliated companies of PSI Resources, Inc.
 Together with international executives from other utility, telecommunications and water companies, Johnson has formed Infrastructure Development International & Associates (IDIA). The new company's mission is to actively participate as a developer in the growing international privatization and project development market, focusing on mature utility infrastructure industries -- electric power, water and sanitation services and telecommunications.
 To pursue these opportunities, Johnson left PSI in February as president of PSI Investments, Inc., the holding company for PSI Resources' non-utility businesses, and as president of the PSI International, Inc., the organization PSI established last year to capitalize on the growing international energy and project market.
 "We see this as an exciting opportunity for the application of American know-how and technical talent in a way which will help developing countries position themselves for further growth and economic development," Johnson said.
 Countries on IDIA's initial target list are the ASEAN countries of Indonesia, Malaysia, Singapore and Thailand, and Argentina, Mexico, Uruguay and Venezuela in Central and South America. In fact, the company is already preparing bid submissions on two projects, both in Argentina, with a consortium of North and South American partners.
 The company will be headquartered in Indianapolis, with offices in Washington, Buenos Aires and Singapore.
 Johnson's business background includes senior executive experience in marketing, business/project development and strategy in the electric and telephone utility industries. He joined PSI Energy in early 1989 as senior vice president -- marketing and corporate development, and was responsible for PSI's strategic planning and marketing functions, including its nationally renowned Demand Side Management (DSM) and International Economic Development programs. His international experience at PSI included:
 -- leading three Indiana reverse investment and trade development missions to Japan, including missions with Lt. Gov. Frank O'Bannon and five major Indiana city mayors
 -- negotiating PSI's Cooperative Agreement with Tokyo Electric Power, the largest utility in the world, one of only three such agreements TEPCO has in place, along with Southern California Edison and Electricite de France.
 -- opening up PSI's Power Equipment Supply Company's international market, to the point that PESCO has made international sales ranging from Korea to post-war Kuwait.
 Prior to his three years at PSI Resources, he was president of a Connecticut long distance company and president of a cellular telephone company that won the Tucson cellular franchise in the early 1980s. He also held management positions with Booz Allen & Hamilton's Technology Management Group and the Federal Energy Administration's Utility office in the 1970s.
 He was president of the Japan-America Society of Indiana in 1990-91 and was named last month to co-chair the board for the new International School of Indianapolis. A former resident of Tokyo, he is a Yale graduate with an MBA from the Stanford Graduate School of Business, and has authored numerous articles on international relations and the application of technology in emerging industries.
 Other partners in IDIA's South American venture include Dr. Facundo Suarez, former Argentine Ambassador to Mexico and the retired president of SEGBA and YPF, respectively the state-owned electric and oil companies in Argentina and Pablo Carabelli, also a retired president of SEGBA.
 IDIA's other co-founder is J. Michael Stepp, president of the American Corporate Finance Group in Hartford, and formerly vice president and treasurer of the Emhart Corporation and vice president of Bank America. Also serving on IDIA's Advisory Board is John O. Sillin, a leading utility analyst and a senior member of the Management Analysis Corp. in Washington.
 -0- 3/12/92
 /CONTACT: Myra Borshoff of Borschoff & Company, 317-923-2300, or 317-253-8048, after 6 p.m., for Infrastructure Development International & Associates/ CO: Infrastructure Development International & Associates ST: Indianapolis IN: SU:


CG -- CL007 -- 7535 03/12/92 16:29 EST
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Date:Mar 12, 1992
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