CERF announced that Mr. Alex Johnstone has been appointed as Vice President, Business Development of CERF Incorporated. Mr. Artie T. Kos, a director and control person of CERF and also a director and control person of Summit Star, declared his conflict and recused himself from all CERF and Summit Star board decisions and from all CERF management discussions. The Board of Directors of CERF is also pleased to announce the appointment of Mr. Artie T. Kos as Chairman of the Board and Chief Executive Officer of CERF Incorporated following his resignation as Executive Chairman of CERF.