Powerhouse Ventures Limited (PVL or the Company) advises that it has made three important management appointments to complement the appointment of a new Board of Directors at its recent Annual General Meeting. The personnel have significant experience and networks which should prove to be of value to the company and its shareholders. Geoffrey Nicholas, Chief Financial Officer. Mr. Nicholas is an experienced business leader with a proven track record in business acquisitions and operational integrations, most recently leading the integration of five acquisitions in the space of two years at 5G Networks. With more than 18 years experience in senior finance functions in the IT sector both in Australia and internationally, Geoffrey has applied the same dedicated focus on financial metrics and performance to drive these organizations forward.