Effective May 29, 2013, Mr. Peter Colella, Jr. and Mr. Brian Burrow were appointed as Interim Chief Executive Officer and Interim Chief Financial Officer of MPM Technologies Inc., respectively. Mr. Collela, Jr., will oversee the company's day to day operations and Mr. Burrow shall perform the duties commensurate with his position until the Board of Directors has identified a new Chief Executive Officer and Chief Financial Officer. Peter Colella has been active in corporate finance activities on a national and international level over the course of his 32 year career.

Mr. Burrow brings 15 years of business and entrepreneurial experience to the Company. For the past 5 years, Brian has worked as an economist and project manager for organizations including City of Spokane, the Spokane Area Workforce Development Council and Spokane Community College and has worked on projects companies including Haskins Steel, Moss Adams and The Boeing Company.