IX Energy Holdings Names Key Additions to Executive Team

NEW YORK, NY--(Marketwire - March 16, 2009) - IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX Energy"), a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions, today announced that it has appointed Bill Winslow to the position of Senior VP of Government Sales and Jamie Evans to the position of VP of Finance.

Steve Hoffman, CEO and founder of IX Energy, said, "Expanding our team in areas of strategic financing for renewable energy projects, as well as building our sales presence in the federal energy market provide additional depth in our core areas of focus, which we believe will help accelerate our business objectives in offering renewable energy products to the federal sector."

Karen Morgan, President of IX Energy, added, "We are extremely pleased with the additions of Bill and Jamie to our management team. They each bring tremendous credentials and expertise to IX Energy, and represent an important step in our mandate to build a world-class team and successfully roll out our renewable energy solutions platform to the markets."

Bill Winslow will lead IX Energy's efforts in the further development and management of its government sales channel. He brings more than 20 years of experience selling into government and industry sectors, and as a LEED Accredited Professional with the US Green Building Council, Mr. Winslow brings a thorough understanding of green building practices and principles that are key to developing sustainability solutions for all IX Energy customers.

Prior to joining IX Energy, Mr. Winslow held executive Sales and Business Development positions with systems integration companies, where his clients included the US Army CECOM, US Navy and Homeland Security and over which time he was responsible for developing extensive relationships with federal, state and local agencies. Mr. Winslow holds a B.S. in Electrical Engineering from Pennsylvania State University.

Mr. Winslow commented, "I am very excited to join IX Energy and look forward to providing leadership and building a superior sales team. I am attracted to IX Energy because it is so well positioned to address the burgeoning renewable energy markets, and in particular, for its focus on the federal and commercial sectors. The 'renewable energy platform' approach it is taking is also smart, and provides the company with a greater opportunity to deliver turnkey renewable energy solutions to meet customers' specific needs in a scalable way."

As VP of Finance, Jamie Evans will lead IX Energy's structured finance team providing financial analysis, strategy and modeling to support customer project financing requirements. In addition, Jamie will work with senior management on corporate development initiatives to help execute the company's strategic growth plan. Mr. Evans brings a strong background of business development, financial management and M&A expertise to the company. Prior to joining IX Energy, he served at BlackRock Financial Management, Oliver Wyman and UBS Warburg. He holds an MBA from Columbia Business School and graduated Cum Laude with a degree in Economics and Environmental Science from Duke University.

Mr. Evans said, "I am excited about joining the IX Energy team. The company is building an exceptional management team with depth and experience across all facets of the renewable energy business, positioning it for strong and sustainable growth in this dynamic marketplace. I look forward to building our structured finance business and providing leadership on financial matters related to client transactions and corporate development."