IWT Tesoro Names CFO and National Sales Manager

Westport, CT, January 4, 2007--IWT Tesoro Corp., a wholesale distribution of ceramic tiles, has named David Whitwell as its new chief financial officer. Additionally, the company has filled the newly created position of National Sales Manager with an industry veteran, Bruce DePasquale. David Whitwell's experience in both finance and operations compliments the executive management team as the company moves into 2007. Whitwell is adept at navigating both the US and international financial markets, having served as the CFO of publicly-held, Clean Diesel Technologies, Inc. listed on both the OTC Bulletin Board in the US and the London Stock Exchange's AIM Market. Whitwell provides added depth in support of IWT Tesoro's fiscal discipline and compliance requirements in the public market as the company continues its strategic expansion. Whitwell commented on his appointment by stating, "My decision to join the IWT Tesoro team was fueled by the prospects of growth. Over the last twelve years, IWT Tesoro has built an exceptional platform for organic growth in addition to potentials for market expansion in various verticals throughout the supply chain. The company's market segment matches my penchant for the industry as a whole. I like to be hands on, and the tangible nature of the company's products, distributions processes, and merchandising methodology make IWT Tesoro an ideal fit for my background in finance and operations. It is a pleasure to join such a successful team." Whitwell will report directly to the company's chairman and CEO, Henry J. Boucher, Jr. Bruce DePasquale has over 25 years of industry experience, having served as vice president of sales and marketing at Laufen Ceramic Tile and as senior brand manager for Shaw Industries, a Berkshire-Hathaway Company, and manufacturer of diverse flooring products. DePasquale will provide a central liaison for field sales representatives and executive management for the implementation and deployment of its national sales initiatives and branding campaign. DePasquale's experience and skill sets will provide focus and dedicated leadership for the company's national sales team as they continue to meet growing customer and market demands in 2007. DePasquale said that, "IWT Tesoro is one of the most progressive and creative companies for the merchandising of ceramic tile that I have seen, and it is one of the few distributors with a nationally recognized brand. I am pleased to have the opportunity to help strengthen the company's brand image while continuing to expand the merchandising programs that Tesoro's clients have come to expect. As an industry professional, I have watched IWT Tesoro's progression over the last few years, and it is truly a pleasure to be a part of the team."

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