Leo Motors, Inc. Appoints Dr. Robert Kang As Chief Executive Officer

NEW YORK--(BUSINESS WIRE)--Leo Motors, Inc. (OTC: LEOM), an innovative automotive company engaged in the development, manufacture, and marketing of electric vehicles (“EVs”) and EV components, has appointed Robert Kang, PhD, as the Company’s new Chairman and Chief Executive Officer, effective as of today, November 20, 2008. Leo Motors, Inc. Founder, President, and Chief Technology Officer, Dr. John Lee, who had served in the capacity of interim CEO, will remain President and CTO of the company.

Dr. Kang is a marketing PhD with more than twenty-five years experience in international advertising and corporate marketing. Dr. Kang began his career at Oricom, a McCann Ericson affiliate that is the largest ad agency in Korea. Dr. Kang managed Leo Burnett Korea and BBDO Dong Bang, successfully introducing these firms to the Korean marketplace. In 1989, Dr. Kang founded Ad Express, one of the leading advertising companies in Korea. From 2000 he also managed META B, Korea’s leading management consulting firm. Recently, Dr. Kang served as president of Pico North Asia, a multinational global event marketing firm based in Hong Kong. Dr. Kang earned his BS in Literature from Korea University, his MA in Advertising from the University of Oregon, and his PhD in Marketing from the Dongguk University in Korea.

“We are delighted to welcome Robert as the new CEO of Leo Motors,” said Dr. John Lee, Founder, President, and CTO of Leo Motors, Inc. “Robert’s wealth of marketing experience on the international stage perfectly aligns with our corporate vision of becoming the global leader in the electric vehicle market. Given the realities of environmental concerns coupled with increasing customer preference, now is a very exciting time to be in the business of developing pure electric vehicles, plug-in hybrid, and battery zinc hybrid electric vehicles. With Robert’s leadership, we anticipate the company will accelerate toward the achievement of the shared goals of our shareholders, employees, customers, and clients alike.”

About Leo Motors, Inc.

Leo Motors, Inc. was formed from the most innovative team of electric automotive experts in 2005 and has since introduced a line of vehicles to the world. Leo Motors, Inc. emerged as a Delaware corporation in November 2007 as the result of a reverse merger with SIMCO America (OTC: SCMA). Leo Motors, Inc., a Delaware company (the “Company”), through its operating subsidiary Leo Motors., Ltd., a Korean company, is in the business of developing, manufacturing, and marketing Electric Vehicles (“EVs”) and EV components. The company’s ultimate goal is to become the global leader in the EV market. The company’s overarching strategy is to gain an initial foothold in the EV market as a niche supplier, build on a reputation as a technology leader and a socially responsible company, and develop its catalog of products and technology while the market for EV develops. The company believes that if it can properly develop its brand, reputation, and product capability, then when the improving price and quality of EVs collides with the increasing demand, it will be able to reap the rewards. Leo Motors has established its technology and has been focused on securing a future export sales network in Australia, Japan, China, Southeast Asia, Europe, and the U.S. For more information, please visit www.leomotors.com.

Forward-Looking Statement

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.