© Sakonnet Technology, 2005.  All Rights Reserved

RESPONSIBILITIES SHIFT AT SAKONNET TECHNOLOGY

ERIC MIN, COO, TO HAVE OVERSIGHT OF SALES AND MARKETING

New York, September 26, 2007 Sakonnet Technology (www.sknt.com), the leading provider of energy trading and risk systems under the Software as a Service (SaaS) model, announced today that Eric Min, COO, will have oversight responsibility for global sales and marketing for the company.

 “Eric’s assumption of over-all responsibility for global sales and marketing is part of our long-range strategic management plan,” said Thurstan Bannister, CEO of Sakonnet. “Given his close connection to operations, it makes sense that he directs the international sales team, while I focus on finance, investor relations and strategic directions for the company.”

 “We have exciting plans for expanding the service and product offering and penetrating new markets at Sakonnet,” said Eric Min. “We will be growing the sales and marketing activity on both sides of the Atlantic and we will have closer coordination than ever among all the operating groups in the company. Dean Stiles, Director of global sales and marketing, has built a great team and I look forward to giving them the support they need to succeed.”

CONTACT:
Eric Min
eric.min@sknt.com


About Sakonnet Technology
Sakonnet Technology is the market leader in Software as a Service (SaaS) for energy trading and risk management. Sakonnet's expert international teams provide an unrivalled level of hosting, support, upgrade and consulting services linked to its advanced Xenon® platform. These services along with Xenon's streamlined interfaces and workflow, transform the end-user experience, resulting in higher productivity, stronger risk control and a trading edge. Sakonnet addresses the needs of energy companies, banks and hedge funds trading in power, natural gas, crude oil and related markets and has offices in New York and London.

Sakonnet Technology
New York Office        London Office                 
+1 212 343 3170      +44 (0) 20 7808 1000     
www.sknt.com