Environmental Infrastructure Holdings Announces Board Realignment and Establishes Plan for Growth (OTCBB:XMCP)

Environmental Infrastructure Holdings Announces Board Realignment and Establishes Plan for Growth (OTCBB:XMCP)

12/16/09
Michael D. Parrish, Chairman of Environmental Infrastructure Holdings, restructured and expanded the board of directors as a result of the merger completed on 7 December 2009. The following actions were taken:

1. Andrew B. Mazzone resigned as President and CEO of each of the Company and XIOM. Mr. Mazzone will continue to serve as a member of the Board of Directors of each of the Company and XIOM.

2. Additionally, Thomas Gardega resigned as a director and as Secretary of each of the Company and XIOM.

3. Effective as of December 7, 2009, the following individuals were elected to the Board of

Directors of the Company:
Name Position
Michael D. Parrish Chairman of the Board of Directors/CEO, President
Gregory N. Moore Director and Chairman of the Audit Committee
Kurt M. Given Treasurer/Director
James W. Zimbler Secretary/Director
Andrew B. Mazzone Director

About the Board:
Michael D. Parrish, Chairman, CEO & President - Mr. Parrish has extensive operational and general management experience; his focus is on financial performance and strategic alliances. Mr. Parrish has over 24 years of leadership and finance experience in a variety of global firms. Prior to Equisol, Mr. Parrish held various executive positions in several General Electric Companies where he served in positions such as General Manager for global logistics and services for GE's Water business, and, earlier, as Managing Director for GE Capital specializing in ecommerce, six sigma, and productivity of several of GE's equipment management groups. Prior to GE, Mr. Parrish served for 14 years active duty in the U.S. Army where he held various leadership positions of increasing responsibility as an Army Aviator culminating as a member of the Army Acquisition Corps. Mr. Parrish has a Bachelor's degree in Engineering from the U.S. Military Academy at West Point as well as a Masters Degree in Astronautical Engineering from Stanford University and an MBA with honors from the Wharton School at the University of Pennsylvania. He is the current President of the West Point Society of Philadelphia and serves on the boards of the USO of SE PA/NJ and the Delaware Valley Industrial Resources Council.
Gregory N. Moore - Mr. Moore has over 25 years of senior management experience in major multi-national companies and extensive international experience in major worldwide markets. He served as the Senior Vice President and Controller of YUM! Brands, Inc. from 2003 to 2005. Prior thereto, Mr. Moore was the Vice President and General Auditor of Yum from 1997 to 2003. Before that, he was with PepsiCo, Inc. and held the position of Vice President and Controller of Taco Bell and Controller of PepsiCo Wines and Spirits International. Since retiring, he has been a frequent speaker and lecturer and currently sits on two boards: Texas Roadhouse, Inc. (NASDAQ) serving as Chairman of the Audit Committee and Nominating & Corporate Governance Committee, and as a member of the Compensation Committee; and 3 Day Blinds, a privately held company owned by two private equity firms, for which he chairs the Audit Committee.

Kurt M. Given - Mr. Given is President & Chief Executive Officer of Equisol and is responsible for the day-to-day business functions and operations of Equisol, including marketing, technology, and linking together sales, administration, and customer relationships. With 20 years of water treatment experience at GE Betz, he has held positions in engineering and management for both the chemical and feed equipment product lines. From 1999 to 2002, he was group Leader and Product Manager for the Equipment team, overseeing all activities including pricing, marketing, profitability, capital equipment, contracts and product management. He has a bachelor of Science degree in Chemical Engineering from Pennsylvania State University and holds a patent for dust control foam generation.

James W. Zimbler - Mr. Zimbler, has been a principal of Keystone Capital Resources, LLC, since its inception in March 2004. Keystone is involved as a consultant in the mergers and acquisitions of public companies and consulting for private companies that wish to access the public markets. Prior to becoming a founding member of Keystone, he was involved in consulting for capital raising, re-capitalization and mergers and acquisitions for various clients. Mr. Zimbler was one of the initial shareholders in Accountabilities, Inc., f/k/a Human Trans Services Holding Corp ("ACBT"). Mr. Zimbler has recently focused his energies in the field of turnarounds of small emerging private and public companies. He has served on the Board of Directors and/or Officer of several companies since 2000.

Andrew B. Mazzone - Mr. Mazzone was Chairman and President of Xiom Corp since its inception in 1998 until December 7, 2009, when he stepped down as Chairman and President and assumed the position of Director. Mr. Mazzone was the President of TTI at the time of the spin-out. He resigned as Sole Officer and Director of TTI on November 1, 2001. Thereafter, TTI acquired and changed its name to Steam Clean USA, Inc. on or about August 15, 2002. On July 1, 2003, Steam Clean USA, Inc. acquired Humana Trans Services Group, Ltd. At this point Mr. Mazzone was invited to become Chairman of the Board of Directors. He served in that position until January 2004, when he resigned as Chairman but remained as a Director and until May 5, 2004, when he resigned from the Board entirely. From 1970 until February 15, 1995, Mr. Mazzone was employed by Metco, Westbury, NY, a subsidiary of the Perkin Elmer Corp., a holding company, which subsidiary, Metco, was engaged in the business of development of metal spraying and metal powders. Mr. Mazzone, as President, resigned from Sulzer Metco after the acquisition of the Company in 1995. From 1995 to October, 2001 Mr. Mazzone was President of Thermaltec International. At Metco, Mr. Mazzone held various positions, including as Director of Logistics, Director of Sales and Marketing, Director of Manufacturing, Executive Vice President and President. Mr. Mazzone has degrees from Babson College, Babson Park, Massachusetts, in finance and an advanced degree in economics, with a specialty in economic history.
With respect to the future plans of the Company, Mr. Parrish, laid out his expectations and vision for the next 12 months and beyond as follows:

1. Target revenue growth rate for the next twelve months of 50% or better is to be achieved through increased organic sales with current customers as well as potential acquisitions. As reference, the combined team's unaudited sales YTD for 2009 are $6.9MM through November.
2. Discussions with several candidates to provide the Company with expanded offerings as well as increased geographic presence in North America.
3. Potentially to increase our position in Extreme Mobile Coatings Worldwide Corp. (OTCBB: "EMWW").
4. Expecting our R&D and manufacturing processes to become ISO certified.
5. Establishment of a responsive customer service organization with training and service centers located in strategic areas throughout the country.
6. Moving aggressively to expand our product offerings and develop a robust pipeline of new products applicable to focused industries, specifically the oil & gas, manufacturing, marine, food & beverage, and commercial markets which includes hospitals, schools, government facilities, etc.

Regarding the merger and integration, Mr. Parrish stated "I am very pleased by the quality, competence, and enthusiasm of the employees of both organizations. As in any integration effort, we will promote the best and brightest while consolidating and minimizing the redundant pieces within the next 90 days to control costs. Equisol brings needed sales, services, and geographic presence to the combined team while Xiom provides the intellectual property, dedicated products, and engineering strength to create a truly consolidated company with reduced dependency upon outside resources. The combination of these two entities establishes a very synergistic environmental services platform focused on our global infrastructure from which we will grow exponentially for many years to come."

About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (EIHC) is the parent company of various environmental manufacturing, engineering, and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments into various joint ventures and partnerships.

Recognized in 2008 by INC Magazine as the 7th fastest growing private Environmental Services Company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Our team of top rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important. From consulting and design of equipment systems, to sales, installation and maintenance services, Equisol can address our customer's needs in many diverse applications. Equisol provides cost effective equipment strategies to allow users of water and producers of wastewater to achieve profitability while focusing on their core business activities. Through our association with world technology leaders, we are able to supply a broad spectrum of high quality products. Our staff, with over 300 years of engineering experience in equipment automation, uses these technologies to select the most effective solution for our customer's applications. Other recognition that Equisol has achieved include the Entrepreneur Hot 100 Fastest New Companies in 2004, INC5000 ranking of #621 for 2007, and 2009 Philadelphia 100 recognizing the fastest growing private companies in the region.

Xiom Corp. is a technology business offering delivery of plastic powder coatings at on-site locations utilizing the XIOM 1000 System. Powder coating currently is a process in which metal parts are brought into a factory environment where they are cleaned and prepared to receive a powder coating. Plastic in powder form is then applied to the various metal parts by means of an electrostatic charge that causes the powder to adhere to the surface. The coated part is then heated in an oven for a period of time to cause the plastic to melt and adhere to the substrate. Although we use plastic powder, we do not electro-statically charge that powder in order for it to adhere to a substrate. We use a different mechanism which simultaneously applies and fuses the powder to a substrate. The advantage of this process is that the coating process is totally portable and can be applied anywhere, not necessarily in a factory setting, and can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory, using an oven.

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