Thomas F. Bonadio, CPA Joins Torvec Board
November 22 2010 - 8:00AM
Marketwired
Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCBB:
TOVC) announced today that Thomas F. Bonadio, CPA has been elected
to the company's board of directors.
In making the announcement, Mr. Kaplan stated:
"Obviously, Tom adds an important dimension to our board. His
compliance and auditing experience, along with our CFO Bob
Fishback, will give us a firm financial foundation to grow on. What
may not be as obvious is Tom's great business acumen. He will be a
valuable and important advisor to me and the company."
Mr. Bonadio commented, "I am very excited to join the talented
group of people who will be operating Torvec and guiding its
future."
Mr. Bonadio is Managing Partner and CEO of The Bonadio Group
which he founded in 1978 with one partner and one part-time
employee (his mother). With 325 people in six offices, The Bonadio
Group has grown to be the largest independent provider of
accounting, business advisory and financial services in upstate New
York. As founder and CEO, Mr. Bonadio has been the driver behind
the firm's growth and diversification, growing from a firm offering
only public accounting and auditing services to a multi-dimensional
accounting, business advisory and financial services organization.
Recently, The Bonadio Group was:
- Named a top 100 CPA firm in the United States by Inside Public
Accounting;
- Named a top 100 CPA firm in the United States in Accounting
Today;
- Named to the American Institute of Certified Public
Accountants' Prestigious Major Firms Group as one of the top 100
CPA firms in the country;
- For over a decade, named a Rochester top 100 company;
- Identified by the Rochester Business Journal as the top CPA
firm in the Finger Lakes market; and
- Identified by the Syracuse Business Record as the largest
independent CPA firm in New York State outside of New York
City.
Mr. Bonadio has a B.B.A. degree in accounting from St. John
Fisher College and was certified as a CPA in 1973. He is a member
of the American Institute of Certified Public Accountants, the New
York State Society of Certified Public Accountants and the National
Association of Certified Valuation Analysts. He was named a "CPA
ALLSTAR" by CPA Magazine, an "Outstanding Alumni" by St. John
Fisher and received The Point of Light Foundation Award, sponsored
by President George W. Bush. Mr. Bonadio was named the 2009
"Business Person of the Year" by the Small Business Council and
inducted into the Rochester Business Hall of Fame in 2010.
Mr. Bonadio has served as chairman of the Board of Trustees of
St. John Fisher College and chairman of the College's Accounting
Advisory Board. He is chairman of the Audit Committee of Conceptus,
a NASDAQ-listed company and a board member of Eagle Productivity
Solutions, CLIX Photo, Moore Stephens North America and Windsor
Technology.
Mr. Bonadio has been active for many years in various
charitable, cultural and professional organizations, including
Junior Achievement, United Way, Small Business Council's CEO
Roundtable, the City of Rochester City Budget Review Committee and
the Athena Awards.
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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