Lagotek Announces Hiring of New CEO

Online, November 16, 2010 (Newswire.com) - Lagotek Corporation, an innovative leader in affordable energy- saving building and home automation, today announced Phil Herres as new Chief Executive Officer. Eugene Luskin, former CEO, will remain as Chairman of the Board with operational responsibilities as Chief Technology Officer.

Mr. Herres will assume responsibilities immediately. He brings over 25 years of senior management experience, including an impressive track record of executive management applied to many industries with an emphasis on technology companies. Mr. Herres brings proven skills in leading high technology companies through operational and sales challenges, including the development and implementation of strategic plans that effectively deliver corporate missions.

"We are extremely excited and pleased to welcome Phil Herres to Lagotek," said Board Chairman Eugene Luskin. "We began working with Phil in various capacities over a year ago and recruited him to the Board earlier this year. It has been obvious for some time that he is the right man to lead us through the challenges of today's marketplace."

Mr. Herres was Chief Operating Officer at Aldus Corporation prior to merger with Adobe Systems. Since that time he has been a strategic consultant to CEO's and served as president or CEO to several companies. As president of ST Labs he executed the sale of the company to Data Dimensions. Prior corporate positions included Sr. Vice President of Engineering at Avanti Communications Corporation where he helped raise $4.5 million in strategic funding from Fortune 100 companies, and Vice President, Network Programs for Nortel, Inc. He holds a BS in Electrical Engineering from Gonzaga University and an MBA from the University of Oregon with post-graduate work in Organization Design at UCLA.

"I'm excited to have the opportunity to capitalize on the great technologies and market opportunities in energy management that Lagotek brings to the commercial marketplace," said Herres. "Our marquee relationships with projects such as the Trump Tower in Toronto, Canada, will move Lagotek to the next level. Working with our executive team, the Board of Directors, shareholders, and our dedicated employees, my goal is to help this company bring our energy management technology to a broad array of commercial, mixed use and residential customers."