Powerhouse Ventures Limited also advises that the PVL Board of Directors has been restructured and the following have joined the Board as Non Executive Directors: Peter McGrath, Tim Hannon and Lachlan Armstrong. The Company also advises that Nitesh Patel has resigned from the Board and PVL wishes to thank Nitesh for his contribution at Board Level. Nitesh has confirmed that he will continue to assist the business in relation to Early Stage Investments. The Company also confirms that Russell Yardley has moved to the role of Non Executive Chairman and Geoff Gander to Non Executive Director.