Clenergen Restructures Its Board of Directors in Preparation for Institutional Fund Raising in North America
25 Mayo 2011 - 1:46AM
Marketwired
Clenergen Corporation (OTCQB: CRGE)(FRANKFURT: 9CE) announced today
that it has restructured its Board of Directors in preparation for
its expected institutional fundraising efforts in North America.
Alex Worrall has been appointed to the Board as an Independent
Director. Alex has 30 years experience as a public company director
and was responsible in 2006 for founding Helius Energy plc, which
designs, builds and operates biomass power stations. Helius
recorded substantial profits within 3 years from commencement of
operations. Prior to his founding Helius, Alex was chairman of
ThyssenKrupp UK plc, a holding company with 50 subsidiaries, 8,000
employees and a GBP 1.6 billion turnover. He is a Fellow of the
Chartered Institute of Certified Accountants.
Pamela Peeters was also appointed to the Board as an Independent
Director and is a well known figure in the field of sustainable
business development. Ms. Peeters advises public and private sector
institutions, along with high profile clients which include the
Flemish government, The Prince of Belgium, SMART cars and UNESCO.
She was recently honored with the Crystal Environment Award during
the World Environment Summit in Bahrain.
Tim Bowen, who was hired as CEO in April 2010 has stepped down
as CEO and from the Clenergen Board. Tim needed to curtail
extensive global travel associated with the CEO position due to
personal reasons. Mark Quinn, Clenergen's Chairman of the Board
will assume the position of Chief Executive Officer.
Commenting on the restructuring of the Board, Mark Quinn,
Chairman and CEO said, "In order to prepare for the next stage of
the companies development and service the US investment community,
we have restructured and are delighted to welcome Alex Worrall and
Pamela Peeters to the Board. We believe Alex will broaden the
Board's business experience and Pamela will help generate public
awareness to the founding principles of the Company. The Board
would like to thank Tim for leading the Company over the last year
during which we have moved from a development stage company into
revenue generation with significant global opportunity".
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company with its
common stock quoted in the USA on the OTCQB Market (Symbol: CRGE)
and in Germany on the First Quotation Board, Open Market of the
Frankfurt Stock Exchange (Symbol : 9CE) Clenergen offers strategic
clean energy generation and supply of biomass feedstock to address
the requirement for renewable and sustainable supplies of
electricity. Clenergen has developed a unique modular system for
gasification and localized plantation management. Clenergen also
plans to provide biomass feedstock for producing wood pellets for
co firing with coal to produce low emission electricity.
Clenergen Corporation uses biomass feedstock to implement
sustainable supplies of clean energy for captive end users,
islands, mining companies, government or privately-owned power grid
systems and other end users. The "Distributed Environmental Power
System" marries significant proprietary advancements in plant
science with proven long standing engineering technologies to
achieve this goal. For further information on Clenergen Corporation
and its products and services, go to: www.clenergen.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 (the
"Securities Act") and Section 21E of the Securities Exchange Act of
1934 (the "Exchange Act"). To the extent that any statements made
in this press release contain information that is not historical,
these statements are essentially forward-looking. Forward-looking
statements can be identified by the use of words such as "expect,"
"plan," "will," "may," "anticipate," "believe," "should," "intend,"
"estimate," and variations of such words. Forward-looking
statements are subject to risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
without limitation, those risks and uncertainties contained in this
press release and those identified in the periodic reports that the
company files with the Securities and Exchange Commission (the
"SEC") pursuant to the Exchange Act.
Contacts: Clenergen Corporation investor@clenergen.com
www.clenergen.com
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