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Nexsun Corp Names Industry Executive David Pyrce as Chief Executive Officer
Date:1/29/2009

Nexsun Corp, a leader in renewable energy and biofuels development and production, today announced the appointment of David Pyrce as its Chief Executive Officer and member of the Board of Directors.

Los Angeles (PRWEB) January 29, 2009 -- Nexsun Corp, a leader in renewable energy and biofuels development and production, today announced the appointment of David Pyrce as its Chief Executive Officer and member of the Board of Directors.

Mr. Pyrce is a serial entrepreneur, founding three companies, all with successful exits. One of these companies has a public market value in excess of $3 billion. Mr. Pyrce joins us with over 25 years of executive management experience in general management, business development, marketing, sales and supply chain management. Mr. Pyrce has also been involved in the renewable energy and biofuels sectors for over 15 years, including experience as an operating executive, as well as an investment banker, analyst, venture capitalist and hedge fund manager.

Based in Los Angeles, California, Mr. Pyrce will apply his operating and capital markets experience to advancing the Company's strategic initiatives and operations. "This is a very exciting time to join Nexsun and help craft strategies in the rapidly growing renewable energy and biofuels industry," said Mr. Pyrce.

"As a developer of world class technology, Nexsun is ready to capitalize on its capabilities to lead the industry in bringing advanced technologies to the market. Renewable energy and biofuels is far more developed than many realize and I am proud to be part of the Nexsun team in launching these new growth initiatives."

"The addition of David Pyrce's experience and expertise will enable Nexsun to dramatically increase our production capabilities, establish new critical strategic partnerships and increase our investor base, allowing us to deliver affordable, renewable energy and biofuels throughout the world and drive shareholder value," said Justin Lee, Nexsun's Chairman. "I look forward to working with David to grow our business."

Before joining Nexsun, Mr. Pyrce served as the Chief Executive Officer of Canton Technologies, Inc., an industrial biotechnology firm developing synthetic biology and bioengineering solutions to some of the world's most pressing renewable energy and biofuels challenges. Prior to Canton, Mr. Pyrce was President of Bear Creek Capital Management LLC, a cleantech-focused investment management firm and Managing General Partner of Bear Creek Capital Partners, LP, an investment fund. Mr. Pyrce was also Managing Director and Vice President of First Security Van Kasper, an investment banking firm and General Partner of the Van Kasper Growth Fund, a venture capital fund.

Mr. Pyrce completed the Advanced Executive Program at Northwestern University, received an MBA degree in Finance and Marketing from the Stuart School at the Illinois Institute of Technology, and has dual Bachelor of Science degrees in Chemistry and Biology.

About Nexsun Corp.
Nexsun Corp is a leading developer of advanced renewable energy and biofuels projects worldwide. Our mission is to contribute positively to the development of clean and renewable energy resources, promote economic development, and provide environmental protection. We strive to offer real business opportunities to our partners that together will help lead towards a more sustainable future for generations to come.

Contact:
David Pyrce, CEO
Nexsun Corp
213-382-2220
www.nexsun.com

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Read the full story at http://www.prweb.com/releases/2009/01/prweb1929134.htm.


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