Torvec Appoints Robert W. Fishback Chief Financial Officer
October 20 2010 - 9:59AM
Marketwired
Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCBB:
TOVC) announced today that Robert W. Fishback has been appointed
the company's Chief Financial Officer, effective immediately.
A financial consultant to Torvec from July 2010, Mr. Fishback
served as Vice President - Finance, Chief Financial Officer and
Treasurer of Ultralife Corporation, Newark, New York, from 1999 to
2009, overseeing corporate growth from $20 million to more than
$250 million in revenues. Previously, he served as Controller at
ITT Industries, Inc. (formerly Goulds Pumps, Inc), Seneca Falls,
New York, and in various corporate financial management positions
at Frontier Corporation, Rochester, New York.
Mr. Fishback is a CPA and received an MBA in Finance from SUNY -
Buffalo. He spent three years in public accounting with Deloitte
& Touche LLP prior to joining the private sector in 1983.
In announcing the appointment, Mr. Kaplan commented: "Bob will
bring senior financial executive leadership to Torvec and provide
the company with increased finance and accounting focus. His
responsibilities will include business and financial system
implementations, financial and public company controls and
reporting, as well as assisting management in the development and
implementation of business strategies. We expect his appointment to
result in reduced expenses due to our previous reliance on outside
consultants for such financial services. We are delighted to have
him aboard."
This press release contains forward-looking statements. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ from those described in
such statements. Such risks and uncertainties include those
described from time to time in Torvec's SEC reports, including its
most recent Report on Form 10-K. The Company assumes no duty to
update its forward looking statements.
About Torvec, Inc.
Torvec, Inc. is a publicly traded company that develops advanced
automotive and related energy saving technologies that increase
transportation safety, mobility, fuel efficiency and reduce
pollutants. Torvec's chief products and intellectual property
include its Full Terrain Vehicle (FTV®), infinitely variable
transmission, IsoTorque® differential and hydraulic pump and motor.
For additional information, please visit www.torvec.com.
Contact: Dick Sullivan 585-254-1100
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