PRESS RELEASE:

PowerGuard adds Sales Executive Rex Lyon in Irvine

| From
Rex Lyon

IRVINE, Calif., Aug. 15, 2011 (SEND2PRESS NEWSWIRE) -- PowerGuard Specialty Insurance Services - a Managing General Agent and Lloyds cover holder specializing in unique insurance and risk management solutions for the wind and solar energy industries - today announced that Rex Lyon has joined the company as vice president.

Lyon brings 12 years of insurance industry sales and sales management experience to PowerGuard, where he will be responsible for leading the company's sales initiatives in both the solar and wind energy sectors.

As vice president and sales executive, Lyon will direct initiatives across all distribution channels, working with retail brokers, project developers, alternative energy investors and others across the country to promote and manage new business opportunities for the PowerGuard team. He will be based in PowerGuard's Irvine, Calif. headquarters and will report directly to managing principal, Mike McMullen.

"Demand for PowerGuard's products and services - particularly our industry leading PowerCLIP(TM) warranty solution - has continued to increase dramatically," noted McMullen. "Having a top sales professional of Rex's caliber leading our business development initiatives will help us to stay ahead of this growing market demand. Rex knows both the insurance company and brokerage sides of our business extremely well and we are pleased and excited to welcome him to PowerGuard."

Prior to joining PowerGuard, Lyon worked for retail insurance broker Barney & Barney, LLC in San Diego, Calif., where he was director of program sales. He began his insurance career in 1999 with Universal Underwriters/Zurich, where he held a range of sales management, production and account management positions.

Lyon holds a Bachelor of Liberal Arts Degree from the University of Missouri, Kansas City.

Rex Lyon can be reached at:
PowerGuard Specialty Insurance Services
19000 MacArthur Blvd., Suite 575
Irvine, Calif. 92612-1447
(949) 224-1333 - office
rlyon@powerguardins.com .

For more information on PowerGuard, PowerCLIP(TM) and other innovative insurance and risk management solutions for alternative energy companies, please contact Mike McMullen, managing principal of PowerGuard Specialty Insurance Services at mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:

PowerGuard is a Managing General Agent and Lloyds cover holder specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard's PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard's PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar system - written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor's. For more information please visit www.powerguardins.com .

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