1.0 WORLD ENERGY MISSION AND ORGANIZATIONAL STRUCTURE
1.1 WORLD ENERGY MISSION
World Energy Resources Corporation was incorporated in 1985 with the express purpose of encouraging and promoting the use of “state-of-the-art” LED energy-saving products to reduce electrical energy consumption in the community. In the course of business, we market, supply and install high quality energy efficient lighting products, based on an energy audit. The products chosen for a particular client are those, which we believe, will best result in a significant reduction in energy consumption at a cost-efficient price.
1.2 ORGANIZATIONAL STRUCTURE
World Energy Resources Corporation was originally incorporated under the laws of Hawaii on February 7, 1986. WERC moved its corporate structure to Nevada in 2000.
In 1993, operations were expanded to the U.S. Mainland and regional bases were established in Las Vegas, Kansas City and New Jersey. At the end of 2000, Hawaiian installation and service operations were sold and the Corporation moved its Administrative Offices to Carson City, Nevada. Today, all Mainland activities are organized and managed by the President and CEO, Rudy Conrad out of regional offices in Houston, Texas.
All administrative functions are outsourced and performed in the Administrative Offices under the direction of Jan Burud. WERC contracts with H&R Block for all Quarterly and YE tax filings; and with Block Advisors for all bookkeeping and payroll services.
1.3 KEY PERSONNEL
D. B. RUDY CONRAD – President and CEO. Rudy has been with World Energy Resources Corporation in a management capacity since the company’s incorporation. His background includes business consulting and ownership in various construction businesses since 1971. Rudy is currently in charge of all company operations and is responsible for its successful expansion into developing markets. To date, WERC has successfully completed or caused others to complete upwards of $40 million in Energy Services’ construction. Annual energy savings from construction is presently in excess of $20 million.
GLENN BURUD / Electrical licenses holder (Nevada, California, Texas, Colorado, et.al.)
JAN BURUD / CFO / TREASURER
FRANK CONRAD / SECRETARY / Project Manager / Lead Technician
MARK LUCHAK / Master Electrician / Outsourced labor company
1.4 MEMBERSHIPS AND AWARDS
HO’OULU AWARD - Received recognition as Number 2 of 50 Hawaii-based fastest growing small businesses in June, 1996; and again, as Number 16 of the “Fastest 50” in June, 1997.
EXCELLENCE IN CONSTRUCTION AWARD – Won its category (Electrical, over $100,000) Received in October 1998 for the University of Hawaii at Hilo, Hawaii Community College project.
EXCELLENCE IN CONSTRUCTION AWARD – Won its category (Electrical, under $1,000,000) Received in October 1999 for the Hawaii Health Systems Corporation project.
2.0 FINANCIAL RELATIONSHIPS
World Energy Resources Corporation maintains a strong credit rating with all of its vendors. Although it finances most of its planned growth through cash flow, it has substantial lines of credit at the Bank of the West and Wells Fargo Bank.
World Energy Resources Corporation carries $2 million commercial general liability insurance, $1 million commercial automobile liability insurance, as well as $4 million in excess liability.
The company’s success can largely be attributed to its overall philosophy of providing the best customer service available. This does translate into contracting on the basis of what is in our clients’ best long-term interest, rather than “lowest first cost” which often proves to be more expensive over time.
We have developed a master’s degree in experience and flexibility with our LED lighting retrofit engineering strategies, providing what is needed to effectively enhance working conditions and plant safety while providing highest quality products and services at reasonable costs. The accompanying list of completed contracts will provide insight into to the type of facilities we have worked in and the wide scope of our operations.