Charles N. Mills Elected to Torvec Board
November 08 2010 - 8:00AM
Marketwired
Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCBB:
TOVC) announced today that Charles N. Mills was elected to the
Company's board of directors, effective November 3, 2010.
In making the announcement, Mr. Kaplan stated:
"I have known Charles for more than 30 years and, as incredible
as it seems, I have never seen him make a mistake in his business
judgment. He always seems to buy and sell at the right times which
obviously accounts for his tremendous financial success. He is a
superb strategist and a master negotiator. I have tried to get him
to join the boards of previous companies I have been involved with
but this is the first time he has accepted. He will be a tremendous
asset to the company."
Mr. Mills commented:
"Torvec's people and technology were the true motivating factors
in my decision to become a director. I am excited to team up with
Dick to help Torvec realize its tremendous potential."
Charles Mills founded the law firm of Mills, Schwartz and White
in 1967 which later merged to become Bernstein, Mills, Schwartz,
White and Bernstein. Mr. Mills substantially concentrated on real
estate syndication, venture capital and securities law. Wanting to
branch out from his legal career, Mr. Mills ventured into his own
real estate development company. As CEO of Crosskeys Corporation,
he led the company into many successful ventures, including office
parks, high-end office buildings and a commercial mall/plaza. In
2001, Mr. Mills sold most of his real estate empire but still
manages quite a few prime properties.
Mr. Mills holds a BS degree in Business Administration from
Syracuse University and a law degree from Cornell Law School. He is
also active in several charitable organizations in his
community.
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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