Reliable Power Systems Announces the Appointment of Joseph D. Livingston as President and Chief Executive Officer.

Business Editors

DENVER--(BUSINESS WIRE)--August 6, 2001

Reliable Power Systems (OTCBB: RPSI) today announced the appointment of Joseph D. Livingston as President and Chief Executive Officer.

Mr. Livingston comes to RPSI from TeleTech Holdings, Inc. (NASDAQ: TTEC) where he most recently held the position of Executive Vice President, Office of the President and CEO. Mr. Livingston also held positions as Chief Operating Officer and Chief Financial Officer of TeleTech and was instrumental in building the company from approximately 83 employees and $2.3 million in sales in 1991 to over 21,000 employees and $885 million in fiscal 2000.

Prior to joining TeleTech, Mr. Livingston held senior management positions with American Eastern Securities, Coopers & Lybrand, Medical Computer Systems, Brinker International and Electronic Data Systems (EDS), where he was one of the original members of Ross Perot's team.

"Joe has a long and distinguished track record building small companies with excellent products into billion-dollar corporations. With his track record, Joe has many opportunities open to him; I am pleased that he chose to lead RPSI. RPSI's product line, technical expertise and experience in the power field and a superior management team give RPSI an enviable position from which to attack the market and increase shareholder value," said Tom Wiens, Chairman of Reliable Power Systems.

"The electricity market is the third-largest market in the United States at $225 billion per year. Since 1992, demand for electricity has grown an aggregate of 23% while new supply has grown an aggregate of only 6%. The U.S. has a grid system that has not been revised in decades. These factors add up to huge opportunities for those with the right products and management team," said Livingston. "I believe that RPSI absolutely has the right products and is in the process of building an excellent team. I look forward to bringing my expertise in building multi-billion-dollar companies to this already solid and energetic company so that we can position RPSI as the unrivaled leader of power systems and solutions in the power industry."

Reliable Power Systems (OTCBB: RPSI), based in Castle Rock, Colo., develops total power systems for industrial, commercial, medical, data and telecom users that address the growing crisis facing power users from an aging infrastructure, deregulation and surging global demand. The company's solutions include: 1) power quality and reliability technologies; 2) energy information management systems and 3) niche distributed generation. RPSI has several patents and retains the rights to other technologies, all of which provide standards that it believes are unmatched in the industry. For more information please contact Matthew Essig at 720-733-8970.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the subject of the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties and the unavailability of financing to complete management's plans and objectives.