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Leo Motors Appoints New CEO to Its Korean Subsidiary

^{Published on 2010-11-15 22:40:30 - Market Wire}
 

HANAM CITY, South Korea--([ BUSINESS WIRE ])--Dr. Young-Il Kim was appointed as the new Chief Executive Officer of Leo Motors Co. Ltd., the operating Korean subsidiary of Leo Motors, Inc. (OTC: LEOM). Dr. Kim served as Chief Designer of commercial vehicles and concept vehicles at Ssangyong Motor Company before joining the Hyundai Motor Group in 1995. From 1995 through 2007, Dr. Kim held various positions of increasing responsibility under the Hyundai Motor Group umbrella, including Chief Designer at Hyundai Precision, Chief Designer & Senior Vice President at Hyundai & Kia Design Center, and Executive Vice President in Marketing for Brand & Design Differentiation between Hyundai and Kia Motors. From 2007 through March 2009, Dr. Kim was CEO and President of Innocean Corp., a Marketing Communication Company of the Hyundai Kia Group.

Dr. Shi Chul (aRoberta) Kang, the former CEO of Leo Motors Co. Ltd., will continue in his position as CEO of Leo Motors, Inc.

About Leo Motors

LEO MOTORS is a US public company based outside of Seoul, Korea, engaged in the development, manufacture and sale of Electric Vehicle (EV) power trains and components. Leo has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed the Zinc Air Fuel Cell Generator (ZAFCG), which will free EVs from range limitation with zero emissions.

Forward-Looking Statement

This press release includes aforward-looking statementsa within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms abelieves,a abelief,a aexpects,a aintends,a aanticipates,a awill,a or aplansa to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the companya™s reports and registration statements filed with the Securities and Exchange Commission.