GridPoint Announces Board of Directors Including Leaders from AT&T, Circuit City, First Energy, SYLVANIA, York International and the EPA

Business Wire, Nov 1, 2005

WASHINGTON -- Board Includes Chairman William A. Nitze, CEO Peter L. Corsell, Richard S. Bodman, J. Roderick Heller, Dean T. Langford, Joseph M. Perta, Paul J. Powers and Alan L. Wurtzel

GridPoint, Inc.(TM), a provider of intelligent energy management (IEM) appliances, today announced its board of directors, appointing well-known executives and board members experienced in the executive management and financing of public and private companies as well as government organizations including AT&T, Circuit City Stores, Inc., First Energy Corporation, SYLVANIA, York International Corporation and the Environmental Protection Agency.

"We are extremely pleased to have attracted so many prominent executives to our board," said Peter L. Corsell, President and CEO of GridPoint. "Their leadership and experience will greatly benefit all aspects of the company and will help fuel GridPoint's rapid growth."

The company's board of directors includes Richard S. Bodman, J. Roderick Heller, Dean T. Langford, Joseph M. Perta, Paul J. Powers, Alan L. Wurtzel, as well as GridPoint's co-founders William A. Nitze and Peter L. Corsell.

Richard S. Bodman is managing manager of Bodman Oil & Gas LLC and BCF LLC, as well as a managing general partner of AT&T Venture Funds, which he helped form, Special Partners Funds and VMS Group. Previously, Mr. Bodman served as Senior Vice President of AT&T for Corporate Strategy & Development and as a member of AT&T's Management Executive Committee as well as the President of Washington National Investment Corporation. In recent years, Mr. Bodman served as a director of Reed Elsevier, Young & Rubicam, Lin Broadcasting, Tyco International, SPACEHAB, and the National Housing Partnerships, Inc.

J. Roderick Heller is Chairman and CEO of Carnton Capital Associates LP, a venture capital firm, and serves as a member of the board of directors for York International Corporation, a global supplier of heating, ventilating, air-conditioning and refrigeration equipment, as well as First Potomac Realty Trust. Mr. Heller served as Chairman of the National Capital Revitalization Corporation, where he built the housing consortium into the largest owner and operator of apartments in the U.S. and directed its public offering. As President and CEO of Bristol Compressors, Inc., a manufacturer of air conditioning compressors, Mr. Heller led the company to profitability within two years and later sold Bristol to York International.

Dean T. Langford is the former President and CEO of Sylvania and OSRAM SYLVANIA, retiring in 2001 as the lighting company's longest-standing chief executive. Prior to Sylvania, Mr. Langford served as Vice President of Marketing for GTE Diversified Products and Services following nineteen years with IBM Corporation where he held several key executive positions. Mr. Langford has been a member of the board of the Alliance To Save Energy and served as the first non-congressional co-chairman for eight years. In 2003 Gail Norton, Secretary of Interior, appointed Mr. Langford to a six-year term on the board of directors of the National Park Foundation of the United States of America. Mr. Langford has also served on the boards of the National Manufacturers Association and the National Electrical Manufacturers Association.

Joseph M. Perta is Vice President at Bernstein Investment Research & Management, a unit of Alliance Capital Management, one of the country's largest independent global investment management companies. Mr. Perta is responsible for the management of institutional and private client assets in discretionary investment accounts that include U.S. and international equities, fixed income, and alternative investment portfolios. Mr. Perta has been an advisor to senior corporate officers and investors for twenty-five years, initially as a management consultant specializing in mergers and acquisitions and more recently as a financial advisor to institutional investors.

Paul J. Powers is former Chief Executive Officer and Chairman of Commercial Intertech Corp. Before his retirement from Commercial Intertech, Mr. Powers merged the company into Parker Hannifin Corp., the world's leading diversified manufacturer of motion and control technologies and systems, and spun off Cuno Inc., a leading manufacturer of consumer, life sciences and industrial filtration products. Mr. Powers serves on the board of directors of First Energy Corp., a diversified energy company, York International, the largest independent supplier of HVAC equipment in the U.S. and GlobalSantaFe Corp., a leading worldwide offshore oil and gas drilling contractor.

Alan L. Wurtzel is Chairman Emeritus and former Chief Executive Officer of Circuit City Stores, Inc., which during his tenure as CEO was among the best performing companies on the New York Stock Exchange, an accomplishment recognized and analyzed in Jim Collins' best-selling book Good to Great. Mr. Wurtzel is also a Director of Dollar Tree Stores, Inc. and formerly served on the board of Office Depot. Mr. Wurtzel has concentrated much of his non-business activities on higher education and K-12 education reform. He is a member of the board of the National Center for Education and the Economy, Chair of the State Council of Higher Education for Virginia (SCHEV), and a Trustee Emeritus of Oberlin College.