SEOUL, South Korea, Feb. 14, 2013 (GLOBE NEWSWIRE) -- Leo Motors, Inc. (OTCQB:LEOM) ("Leo Motors" or the "Company"), an electric supercar and electrical energy storage device maker, is pleased to announce that Jung Yong Lee, CEO of Leo Motors, has been selected by Fortune magazine as one of the 25 most powerful business leaders in Korea for 2013.
Business leaders considered for Fortune's list were evaluated on three aspects of business management, which were management philosophy and vision, state of business activity and communication, and economical and technical achievement. Leaders were selected from a cross section of Korean businesses, from major companies to growth-oriented enterprises.
Mr. Lee received recognition from Fortune at a ceremony held on February 6, 2013 at the Millennium Seoul Hilton. Other recipients of this year's honors include Ki Wee Choi, CEO of KB Kookmin Card Co., Ltd., Korea's largest credit card company, and Sean Newton, CEO of McDonalds Korea.
"It is a great honor to be recognized by Fortune as one of the most powerful business leaders in Korea," stated Mr. Lee. "Climate change and environmental pollution represent serious challenges, and Leo Motors is taking on those challenges by bringing to market a growing portfolio of advanced energy solutions. I take great pride in our work to develop technology that provides positive impact globally."
Jeong Youl Choi, vice-chairman of Leo Motors accepted the award on behalf of Mr. Lee, who was unable to attend the ceremony. The complete Fortune list of 25 business leaders selected can be found online at http://economy.hankooki.com/lpage/people/201302/e20130206173653120340.htm.
About Leo Motors
Leo Motors is a public U.S. company based outside of Seoul, Korea. It engages in the development, manufacture, and sale of Electric Vehicle (EV) Power Trains and components. Leo Motors has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed a Zinc Air Fuel Cell Generator (ZAFCG), which will free EVs from range limit with zero emission.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.