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COMPANY PRESS RELEASE Monday June 9, 2003, 7:30 a.m. Eastern time

RMS Electric and NextWave Energy Announce Partnership

BOULDER and DENVER, April 5 ­ RMS Electric, Inc. (www.rmse.com) and NextWave Energy, Inc. (www.nextwave-energy.com) today announced that they have partnered to jointly pursue business opportunities in the alternative energy arena. "RMS Electric is well-positioned to capitalize on substantial growth opportunities in several niches of the alternative energy marketplace, and we want to be a part of this future success story," said Richard Stuebi, President of NextWave Energy. "We are pleased to be able to leverage the business development experience and assistance of NextWave Energy, particularly in marketing and finance, as we prepare to enter the next phase of our growth," noted Dr. Mark McCray, President of RMS Electric. The nature of the partnership is such that RMS Electric will receive investment capital from NextWave Energy, and Mr. Stuebi (representing NextWave Energy) will work closely with Dr. McCray by participating actively in the day-to-day operations of RMS Electric. Founded in 1982, Boulder-based RMS Electric is a leading provider of solar-based photovoltaics (PV) power systems, uninterruptible power supply (UPS) systems, and DC-to-AC inverters in the Rocky Mountain region. RMS Electric is particularly well-known for designing, engineering and installing customized PV systems with battery backup for remote off-grid application. Since 1999, Denver-based NextWave Energy provides professional services on a variety of strategic and financial matters to established companies, emerging firms and private investors with interests in alternative energy.

CONTACT: Dr. Mark McCray President RMS Electric, Inc. (303) 444-5909 (303) 444-1615 fax [email protected] Richard Stuebi President NextWave Energy, Inc. (303) 352-0377 (303) 573-1830 fax [email protected]

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