LODESTAR Corporation Announces Promotion of Dean Vassiliou to Vice President of Product Management

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TO BUSINESS AND TECHNOLOGY EDITORS:

LODESTAR Corporation Announces Promotion of Dean Vassiliou to Vice President of Product Management

PEABODY, MASSACHUSETTS, May. 1 -/E-Wire/-- LODESTAR Corporation, a leading provider of e-Business software solutions to the new energy economy, today announced the promotion of Dean Vassiliou to Vice President of Product Management.

In his new role, he is charged with expanding LODESTAR's Product Management, Training and Documentation organizations. In addition, he will explore and manage relationships with strategic alliance partners to provide them with world-class, end-to-end solutions.

Vassiliou had been serving as Director of Product Management at LODESTAR. Previously, he was a Product Manager for the company's software solutions. He also has significant experience with the delivery and implementation of other LODESTAR solutions.

"Dean has earned this promotion by demonstrating an ability to lead and manage teams to achieve the significant business results we and our clients expect," said Chris Hamilos, chairman and CEO of LODESTAR Corporation. "Dean's words and behavior confirm his commitment to exceeding our clients' expectations."

Before joining LODESTAR, Vassiliou spent four years with Entergy Integrated Solutions, a start-up, unregulated energy services subsidiary of Entergy Corp. He worked for Jersey Central Power & Light as Administrator of Measurement and Verification and has also worked as an Energy Consultant.

Vassiliou has a B.S. in mechanical engineering from the University of Hartford in West Hartford, Connecticut.

About LODESTAR LODESTAR provides leading e-Business software solutions to enable customer choice in the new energy economy. With more than 100 clients in North America, LODESTAR is a well-known and reliable provider of world-class software solutions. Energy providers use LODESTAR software for pricing, billing, load profiling and settlement, financial management and transaction management. The LODESTAR(R) Customer Choice Suite(TM) (CCS(TM)) provides the world's most complete, flexible, scalable and reliable Web-based software to competitive retail companies, regulated distribution companies, independent system operators, and transmission and generation companies.

LODESTAR Corporation's headquarters is at Two Corporation Way in Peabody, MA 01960. For more information, visit www.lodestarcorp.com or call (888) 225- 1293.

Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. The success of the agreements and products described above and the future operating results of LODESTAR Corporation may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with the eBusiness software applications market, dependence on the Internet, risks associated with new versions and new products and risks associated with rapid technological change.

LODESTAR, Customer Choice Suite, RateExpert, LODESTAR Profile and Settlement System (LPSS), LODESTAR Data Repository, LODESTAR Transaction Management Hub (LTMH) and BillingExpert are all either registered trademarks, registered service marks, trademarks, and/or service marks of LODESTAR Corporation in the United States and/or other countries.

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LODESTAR Corporation

http://www.lodestarcorp.com/

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