E. Philip Saunders Joins Torvec Board
November 01 2010 - 4:41PM
Marketwired
Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCBB:
TOVC), announced today that E. Philip Saunders has agreed to become
a member of the Company's board of directors, effective November 3,
2010.
In making the announcement, Mr. Kaplan stated:
"We are truly honored that Mr. Saunders has joined our board. He
is widely known for his savvy, business acumen, and strategic
thinking. I am sure his advice and counsel will be instrumental to
our future success."
Mr. Saunders commented: "This technology comes at a time when
striving for energy independence is very important. These
technologies can save millions of gallons of fossil fuel
annually."
Known for both his business acumen and his philanthropic
efforts, Saunders' ventures are far-reaching and diverse. He was
instrumental in reshaping the truck stop industry, taking it from
poorly stocked, overgrown gas stations to modern travel plazas with
stores, restaurants, and lodging facilities. Saunders began in 1958
with his father's gas station, and built it into the Truckstops of
America chain. Saunders later founded Travel Ports of America, Inc.
which merged with Ryder's TravelCenters of America in 1999. Today,
TravelCenters is the nation's largest chain of truck stops.
To see Mr. Saunders complete biography please go to Torvec's
website www.torvec.com
This news release contains forward looking statements regarding
Torvec's future economic performance and prospects that are subject
to risks and uncertainties. These risks and uncertainties 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 Annual Report on Form 10-K.
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 technologies and intellectual property
include its IsoTorque® differential, hydraulic pump and motor,
infinitely variable transmission and Full Terrain Vehicle (FTV®).
For additional information, please visit www.torvec.com.
Contact: Dick Sullivan 585-254-1100
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