MSE Enviro-Tech Corp Appoints New CEO and Provides Shareholder Update
May 11 2011 - 4:23PM
Marketwired
MSE Enviro-Tech Corp (PINKSHEETS: MEVT) (FRANKFURT: MEH) announced
today the appointment of Mr. Norman R. Jaehrling as President and
CEO.
Following the Company's recent acquisition of SITTM Technologies
Inc. and its expansion into the Bio-Diesel and value added markets,
the board of directors has appointed Norman Jaehrling as its new
Chief Executive Officer.
Mr. Jaehrling brings 19 years of senior business experience in
various capacities, including CEO of SITTM Technologies Inc. since
January 2010. He was instrumental in the successful negotiation of
the White River, Gitchi Animki (Big Thunder) Hydroelectric Project
(18.9 mW) between a First Nation and a private sector developer. He
has led and managed fundraising for municipalities, First Nations
and non-for-profit organizations. Among his many accomplishments he
has negotiated a precedent-setting and community-based agreement
between a Northern-Ontario community and the Walt Disney Company on
a tourism development project. He was community project lead for a
$15 million, 7.5 MW biomass cogeneration project. He has arranged
financing for and coordinated over $20 million in infrastructure
projects ranging from housing, water and sewer servicing, schools,
community halls and commercial office buildings.
Commenting on his appointment Mr. Jaehrling stated, "The Company
offers excellent growth opportunities in the green economic sector,
starting with fire retardant and inhibitor technologies and
biodiesel products, which appeal to similar market segments and
draw on similar market entry strategies. I look forward to fully
integrating the operations and implementing a consolidated
marketing plan for the development of distribution networks of
green products." Mr. Jaehrling further added, "On behalf of
management and its shareholders I would like to thank Mr. Trahan
for his dedication and commitment to the Company over the years and
we wish him the best in his expanding role in the solar and wind
energy business."
Delaware Motion The Company has received
notice from the Delaware Chancery Court regarding its motion
seeking cancellation of 6 million shares issued to Pacific Channel
Limited et al. The Company regrets that the Court, ruling in favor
of the defendants, denied default judgment citing primarily
jurisdictional issues. While the Company is disappointed by the
outcome in Delaware, it will review the possibility of pursuing the
issue further in federal court or other in an alternative
jurisdiction. With the distraction of the legal proceeding
potentially behind us we hope to substantially increase our
marketing and sales efforts going forward.
Sales and Shipment of its FI-88 fire
inhibitor The Company is pleased to report that sales and
Shipment of its FI-88 fire inhibitor continued in the 1st quarter
of 2011. Totaling 3,000 L sales were primarily focused on entering
the Canadian lumber market.
About MSE Enviro-Tech Corp. Headquartered in Sault
Ste. Marie, Ontario, Canada, the Company is focusing on marketing
its current products which offer environmental benefits while being
comparable or better in quality and pricing to other less
environmentally friendly products it wishes to displace. As we grow
our markets and develop distribution channels we will partner with
innovative technology companies and facilitate the adoption of
their products into our established prospect organizations.
For more information visit www.sittm.ca.
For further corporate information and/or to
subscribe for regular news updates from MSE Enviro-Tech Corp,
please visit: http://www.mseenviro-tech.com/ and its
subsidiary www.sittm.ca
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth in these
communications in making any investment decisions concerning our
securities. The matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks are detailed from time to time in the Company's
periodic reports filed with the OTCMarkets.com including the
Company's Annual Report, Quarterly Reports and other periodic
filings. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update
these forward-looking statements.
Investor Relations Contact: MSE Enviro-Tech Corp Email
Contact