Rob Murray Appointed Executive Vice President and COO To Help Lead Company Through Next Phase of its Growth

LAS VEGAS--(BUSINESS WIRE)---Power Efficiency Corporation (OTCBB: PEFF), a developer and manufacturer of advanced energy savings technologies for electric motors, today announced that Rob Murray has joined the Company as its Executive Vice President and Chief Operating Officer of the Company. In conjunction with the announcement, Mr. Murray was also elected to the Company's Board of Directors.

Prior to joining the Company, Mr. Murray was the President, Director and Co-Owner of GoWireless, Inc. where he helped grow the company from 7 stores and $2 million in annual revenue to 110 stores and $38 million in annual revenues. Prior to GoWireless, Mr. Murray was Vice President and General Manager of Paging Network, Inc., where he was promoted four times to larger market responsibilities and managed 325 employees in 6 branch offices. Prior to Paging Network, Inc., Mr. Murray served in various capacities as a Marketing Officer, Senior Account Manager and a Senior Accountant. Mr. Murray earned a Bachelors of Science in Business Administration and Accounting from the University of Southern California and has his CPA designation in the state of California.

"We are extremely pleased to have Rob Murray join us as an officer and board member," said Steven Strasser, the Company's Chairman and CEO. "He brings a wealth of experience for successfully growing companies from small to medium size, which is extremely important for Power Efficiency as it now positions itself for significant future growth."

"With energy prices near record levels, Power Efficiency's technology, which significantly reduces energy costs,, is especially important," Murray said. "With numerous opportunities to significantly expand its customer base, I am very pleased to be joining this Company at such an exciting time in its development."