Kenergy Scientific, Inc (KNSC), Appoints Ex CEO Of India Based IT Co and CEO of US Wireless (UWRL) as its Chef Information Te...
April 15 2014 - 12:30PM
Access Wire
Toronto, ON / ACCESSWIRE / April 15, 2014 / Kenergy
Scientific Inc (KNSC) www.knsc.info (KNSC) today announced
that it has named Rajesh Babaria and Rajesh Dholakiya as co-chairs
for the position of Chief Technology Officer. Both Mr.
Babaria and Mr. Dholakiya are highly seasoned in the social media
and marketing arena and bring unique perspectives to
Kenergy.
Mr. Babaria is CEO of Key TechnoLabs (KTPL) located in
Ahmedabad, India. He worked as a software engineer in his early
career developing software for Microsoft.net technologies. He in
addition, Mr. Babaria has programming skills in multiple languages
like Asp.net, PHP, Java and Mr. Babaria has extensive knowledge in
Google search technologies. Mr. Babaria said, "As UWRL is on a cusp
of acquisition and entire board member and key staff change, I
respectfully provided my resignation notice to the incoming
management. KNSC is a dynamic company forward thinking focused on
the leading edge IT solutions. I'm excited to be part of this
growing and energetic company."
Rajesh Dholakiya is a freelance blogger and software programmer.
With the emerging importance of blogging and social media,
his blogging became a full time commitment. Mr. Dholakiya's blogs
include finance, the stock market, real estate, the great
recession, cuisine, travel, marketing, business, law and various
other topics. He also worked as a consultant for companies in the
development of blogging and social media platforms.
President and CEO of Kenergy, Zoran Cvetojevic, stated, "We are
very excited to have Mr. Babaria and Mr. Dholakiya; (BD) and their
vast knowledge of management and Internet experience as part of the
Kenergy family. It is no understatement that BD brings an amazing
wealth of experience to KNSC and its subsidiary Sparx Media Group.
To the readers of our filings their annual salary is not a
misprint. Both BD have elected to receive as annual salary,
compensation of cash what other similar and comparable IT
employees; of this statue earn perhaps in a week. The payoff for BD
is the KNSC stock options that will kick in later on once certain
thresholds are met. This is a win - win scenario for both KNSC and
BD. KNSC enjoys the privilege of having top notch quality IT staff
without increasing the cash layout or cash burn rate. Once Stoned
Pilots commences generating revenue payment in cash is a moot
point. For BD they already see the upside to KNSC and the Company
direction"
Mr. Babaria and Mr. Dholakiya issued a joint statement, "We
could not be more excited to join the Kenergy team and head up the
IT department." We've been looking for the right team to
align ourselves with and we share the vision and goals of this
impressive team, and look forward to working with them."
More details will follow shortly.
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Kenergy Scientific, Inc. Safe Harbor:
This
press release contains certain statements that may include
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects," "anticipate," "optimistic," "intend," "will"
or other similar expressions. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to
the Company or persons acting on its behalf are expressly qualified
in their entirety by these factors. Other than as required under
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
About Kenergy Scientific Energy:
The Company
provides media marketing products, services and management
expertise, which includes access to capital, financing, legal,
mergers, acquisitions, joint ventures and management
strategies.
SOURCE: Kenergy Scientific Inc