NewLead Announces Fistes Resigned, Names Zolotas as Chairman

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NewLead Holdings Ltd. (NASDAQ: NEWL), today announced that Michael Zolotas,president and chief executive officer of NewLead, will assume the role andresponsibilities of chairman of the Company following the recent resignationof Nicholas Fistes as chairman and director of the Company.Michael Zolotas, chairman, president and chief executive officer of NewLead,stated, "I would like to thank Nicholas Fistes for his valuable contributionto the Company and wish him success in his future endeavors."

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