Systems Evolution Names New CEO

FARMINGTON, Ark., March 4 /PRNewswire-FirstCall/ -- Systems Evolution (Pink Sheets: SSEV) today announced that Charlton Coats has been named as CEO.  Mel Robinson, serving as the interim CEO, named a board consisting of Charlton Coats as CEO, Charlie Foster as the Secretary/Treasurer, Harold Zeller, and Mark Silva before resigning his position as the interim CEO.  Mel Robinson will continue on at Systems Evolution as the fifth member of the board.

The new board is making shareholder value a top priority for the immediate future.  In an effort to provide transparency for their shareholders, the Transfer Agent has been permitted to provide accurate share counts to all shareholders of record.  In addition, the board, in good faith to the shareholders, has filed with the Office of the Idaho Secretary of State the reduction of authorized common shares from 10,000,000,000 to 7,500,000,000.  A second reduction will be filed when the board establishes the financial position of the company.  To further provide transparency, the board is expediting actions to bring pinksheets.com up to date and to be fully reporting as soon as possible.  Financials will be posted upon review and approval by the board.    

CEO, Charlton Coats said, "We are taking steps that we believe will enhance our shareholder's confidence.  With transparency and a reduction in our authorized shares, we believe our shareholder's will begin to get excited about the incredible opportunities that lie ahead of us.  We look forward to sharing with our shareholders the forward progress being made with both our subsidiaries Highline Hybrids (highlinehybrids.com) and Hoss Motor Sports (hossusa.com)."  He is also quoted as saying, "We ask that our shareholders have patience as we make the transition to a new management and new headquarters in Farmington, Arkansas. We are working as hard as we can to get back on track."

Systems Evolutions, Inc also announces the addition of Chuck Calloway to the company.  As an engineer by profession and former vice-president of Tandy Corporation, Calloway brings many years of experience and talent to the organization.  He will immediately assume responsibility in the production and marketing of the company's Highline Hydrogen fuel systems.  

Highline Hybrid Performance Systems and Hoss Motor Sports are wholly owned subsidiaries of Systems Evolutions, Inc.

SOURCE Systems Evolution, Inc.