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To: Ga Bard who wrote (778)	5/27/1999 7:35:00 AM
From: SEAN007	Read Replies (1) \| Respond to of 1051

Thursday May 27, 6:00 am Eastern Time Company Press Release SOURCE: SGI International SGI International CEO Retires; Michael L. Rose Appointed CEO LA JOLLA, Calif., May 27 /PRNewswire/ -- SGI International (OTC Bulletin Board: SGII - news) announced today that Joseph A. Savoca retired as Chief Executive Officer effective May 26, 1999. Mr. Savoca will, however, remain as Chairman of the Board. Michael L. Rose, SGI's President/COO, has been appointed Chief Executive Officer. Mr. Rose was appointed President of SGI in January of this year and will retain this title in his new position. Prior to joining SGI, Rose was Senior Vice President and Chief Operating Officer of Energy Supply and Credit Corporation (ESCO). He was President and COO of Peerless Petrochemicals, Inc., a petroleum refiner, when it was acquired by ESCO in 1989. His responsibilities with Peerless included crude oil purchasing from state and private oil companies in Central and South America, including Mexico and Venezuela, as well as in Africa and the Persian Gulf. Rose was previously with Commonwealth Oil Refining Company as Vice President and General Manager, Joint Venture Operations. These joint ventures owned ''world-scale'' petrochemical plants with companies such as PPG, W. R. Grace, Hercules, Mitsubishi and Nippon Zeon. During the first ten years of his career he was employed by Merrill Lynch, Exxon Research & Engineering Company and Curtis Wright. Rose has a Bachelor's degree in Chemistry and a Master's in Chemical Engineering. Rose said of Savoca: ''We have been very fortunate to have had Joe Savoca's counsel and guidance for the past four years. Without his management and involvement, SGI would not have entered into its joint venture with Mitsubishi Corporation or have brought the LFC and OCET technologies to the point where we can begin marketing them. He has been a dedicated and charismatic leader and will be greatly missed as CEO.'' Rose further stated: ''We now have sufficient data on the OCET Technology development to begin marketing this technology. I believe that OCET's level sensor, as we finalize agreements with an international instrument company, will be sold in the market in 1999. Commercialization of the LFC technology will commence with the acquisition of the ENCOAL plant and the recently-announced sales agreement with Illinois Power.'' Savoca stated: ''I took over the position of Chairman of the Board, Chief Executive Officer and President in 1995, and I have enjoyed the challenge of taking this technology company to the point where I believe it will soon be earning revenues from its technologies. I want to thank those loyal shareholders, noteholders and employees for their dedication and loyalty. I am confident that the management and technology team we have in place will bring these technology assets to market in the near term. I believe Mike Rose is an extremely capable manager and businessman who will make 1999 the year that SGI earns revenues as a technology company.'' SGI International's core business is developing, commercializing and licensing new energy technologies. Its corporate headquarters are in La Jolla, California. This news release contains forward-looking statements. Actual results could vary from those expected due to a variety of risk factors, including, but not limited to, the uncertainty of successful completion of contemplated or proposed business transactions. SOURCE: SGI International