International Power Group, Ltd. (Pink Sheets:IPWG), a leading provider of waste-to-energy solutions, including waste-to-energy development and waste-to-energy technologies, announced that the Board of Directors, as part of the Company's Funding Agreement, and in an effort to bring "green" financing experience to the Board, unanimously voted in favor of the appointment to the Board of Directors of Mr. Alessio Rovitti.

Mr. Rovitti is Director of IFI Srl, a financial and estate investment group based in Italy. Mr. Rovitti has over ten (10) years of experience in insurance, equity and debt financing and the investment of estate and family office investments. Before forming IFI Srl, Mr. Rovitti gained experience in investing and banking as a banker and equity trader in Italy for various trading houses. Mr. Rovitti has gained a vast amount of experience in investing and the financing of "green" energy projects including wind farms, waste-to-energy (WTE) facilities and related "green" energy projects. Mr. Rovitti represents the investment group that has provided the credit facility to IPWG for its construction of its Koryciska, Poland WTE facility.

John Benvengo, IPWG's President and Chief Executive Officer stated, "We are excited to have Alessio on our Board and look forward to his insight and experience in project development and financing for 'green' energy projects." Mr. Benvengo further stated, "I have worked with Alessio now for several months in planning for and financing of the IPWG Poland plant and respect his view and contribution to the overall process. Alessio has great skill that I believe will add great value to IPWG and its Board."

About International Power Group, Ltd.

International Power Group, Ltd., is a leader in the development and implementation of new cutting-edge technologies that maximize recycling values while providing environmentally safe disposal of solid waste and hazardous materials. Through the application of these new technologies, solid wastes and hazardous materials can be minimized to their maximum extent while producing significant secondary benefits such as clean energy and clean water. Founded in 2004, IPWG is a publicly traded company, listed on the Pinksheets.

FORWARD-LOOKING STATEMENTS

This document contains 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. The forward-looking statements are based on current expectations, estimates and projections made by management and include statements regarding Mr. Rovitti's future contributions to IPWG and the Board. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. All forward-looking statements in this press release are made as of the date of this press release, and the company assumes no obligation to update these forward-looking statements other than as required by law. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements, including the risk that such contributions may not be as great as anticipated or that our development and financing activities for green energy projects may not be successful. These statements relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

CONTACT: International Power Group, Ltd.

John Benvengo, CEO/President
407-566-0318
www.i-pwg.com

International Power (CE) (USOTC:IPWG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more International Power (CE) Charts.
International Power (CE) (USOTC:IPWG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more International Power (CE) Charts.