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Sebastian River Holdings' Vaenza Shines With Newly Appointed Advisors to the Board of Directors

^{Published on 2010-06-15 12:10:14 - Market Wire}
 

SEOUL, SOUTH KOREA--(Marketwire - June 15, 2010) - Sebastian River Holdings (PINKSHEETS: [ SBRH ]) announces today that it has fulfilled criteria to do business exclusively as Vaenza so as to centralize its resources with a core focus in photovoltaic alternative energy technology. The company's website, [ www.Vaenza.com ], outlines its focus in this arena as development of the ability to transform virtually any surface into a conduit of solar energy storage and disbursement providing cleaner energy with less overhead, which translates to a healthier living environment, a safer working environment, and dramatically increased profit margins.

Today, the company finalized an initiative to bring on additional executives which Sebastian River Holdings, Inc. CEO Mr. Sang Gill Oh feels "will expedite our plans to position our tested technology platform, SOLutions™, on the forefront of global markets in the alternative energy sectors, both commercially and for government contracts."

Executives include Ms. Lisa Lee, Ms. Insuk Lee and Dr. Sang Oh. The three were brought on as advisers to the Board of Directors. Ms. Lisa Lee brings a strong finance and banking background. Ms. Lee has been employed by one of the largest international banks for several years. Ms. Insuk Lee has a background in manufacturing management and supply chain management and brings a very strong management background. Dr. Sang Oh has an impressive history of Research & Development; we look forward to the vast knowledge that he brings to Vaenza. Oh continues, "We are very happy to have brought these individuals on board. All are upstanding people with great history and I feel they will represent Vaenza with a strong sense of direction and integrity with all of our efforts. We also look forward to reporting continual updates on our progress in this exciting phase of what I believe to be the horizon of a clean energy revolution."

Sebastian River Holdings is positioning itself to be a global leader in the development and implementation of innovative solar energy solutions. Our objective is to provide renewable electricity to our customers with high quality, cost-effective solutions that replace existing carbon- and nuclear-based energy sources.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.