USA, Nevada:

Ram Power Announces 2013 First Quarter Results (News Release)

Ram Power, Corp. announced its operating results for the first quarter ended March 31, 2013.

The achievement of commercial operation of the Phase II expansion at San Jacinto in December 2012 generated strong year-over-year revenue growth for the company of $11.9 million for the three months ended March 31, 2013 compared to $6.3 million for the same period in 2012, an 88% increase. Adjusted EBITDA, as defined below, increased 191% to $7.2 million for the three months ended March 31, 2013 compared to $2.5 million for the three months ended March 31, 2012.

Significant accomplishments in the first quarter ended March 31, 2013 included:

• Completion of performance certification tests on the San Jacinto phase II facility to verify that the plant meets its minimum generation capacity;
• Successful close of a Cdn.$50.9 million Senior Debenture Private Placement maturing March 27, 2018 which immediately provided increased cash flow through reduced annual interest rate and fee expenses from 16% to 8.5% compared to the Company's previously existing $50 million corporate credit facility; and
• Completion of the reorganization of the administrative offices in Reno, Nevada during the first quarter of 2013, which is expected to result in savings of $3 million in 2013 and $4 million annually thereafter.

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