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Prometheus Energy Appoints Len York as CFO

Key appointment further strengthens the leading industrial LNG supplier

HOUSTON, Jan. 2, 2013 /PRNewswire/ -- Prometheus Energy Group, Inc. ("Prometheus Energy" or the "Company"), an energy company specializing in liquid natural gas fuel solutions, announced today that it appointed Len York as Chief Financial Officer and a member of its Board of Directors, effective January 7, 2013, where he will oversee corporate finance, accounting and investor relations.  Michiel Boersma, Chairman of the Board, commented, "I am very pleased to have Len York join Prometheus Energy as CFO. Len's long term managerial and financial experience as well as his hands on business experience made him the perfect candidate to step into this important role. Len's assignment will further strengthen the Company as the largest and fastest growing supplier of liquefied natural gas (LNG) to the industrial sector in North America."

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Mr. York brings more than 30 years of senior executive experience to the Company. Prior to joining Prometheus Energy, Mr. York was the CFO for Taylor-Wharton International LLC and President of Taylor-Wharton Cryogenics LLC. Taylor-Wharton is a manufacturer of cryogenic storage units for LNG and Industrial Gas applications. Mr. York previously spent over twenty years in senior leadership positions in multiple North American companies including Cornerstone Propane.

Mr. York stated, "I am excited to join a company that has established a new and rapidly growing business and look forward to helping the company further secure its leading position as supplier of LNG to the industrial sector in North America."

About Prometheus Energy
Prometheus Energy is one of the largest and fastest growing suppliers of liquefied natural gas (LNG) to the industrial sector in North America.  Prometheus provides turnkey fuel solutions to convert industrial users of diesel, propane and other crude-derived fuels to clean, domestic, secure LNG, resulting in reduced fuel cost and environmental footprint.  The company is vertically integrated from LNG production through distribution, onsite storage, and vaporization. A pioneer in the industrial LNG market, Prometheus developed first-of-their-kind conversions of industrial fuel consumers to LNG in numerous sectors, and was named a Finalist in the 2012 Platts Global Energy Awards in recognition of its industry leadership. Prometheus Energy is privately held by Shell Technology Ventures Fund 1 B.V. and Black River Asset Management LLC, a wholly owned but independently managed subsidiary of Cargill.  For more information, please visit www.PrometheusEnergy.com

Kehau Kincaid
Laurie Nix Garberg
[email protected]

SOURCE Prometheus Energy

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