Earth Search Sciences Appoints New Chief Financial Officer
August 27 2008 - 7:00AM
PR Newswire (US)
New CFO to shape financial strategy and investor relations BOSTON,
Aug. 27 /PRNewswire-FirstCall/ -- Earth Search Sciences, Inc.
(OTC:ESSE) (BULLETIN BOARD: ESSE) , a technology company focused on
the development of domestic, inland oil resources and revolutionary
ultraspectral imaging technologies today announced the appointment
of a key new member to its senior management team. Charles G.
Bridge Jr. has been appointed Earth Search's CFO. As CFO, Bridge
will be responsible for financial and strategic planning and
investor relations. Bridge brings a wealth of experience connecting
investors with viable corporate partners, raising capital for
corporate entities, and managing financial and corporate
accounting, SEC and NASD reporting, human resources, and corporate
risk matters. Bridge has held CFO positions in the investment and
venture capital fields since 1997. Luis Lugo, CEO of ESSI, said
Bridge's appointment represents a significant step forward for the
company. "Buoyed by Charles' pedigree in financial management and
investor relations, we're confident ESSI will be ideally positioned
to secure continued investment as we close in on our
proof-of-concept patented gasification technology testing scheduled
for the fall and other patented technologies," said Lugo. "Earth
Search is quickly establishing itself as a notable player in the
oil shale exploration and development arena," said Bridge. "Having
secured financing to build and test a new prototype, ESSI is
attracting interest from small-cap investors, land owners and
multi-national corporations. Joining ESSI right now represents a
unique opportunity to assist the company in realizing ambitions
that will place it among the top players in domestic oil shale
recovery and development." Bridge most recently served as Managing
Director and Chief Financial Officer with Brooke Private Equity
Advisors in Boston where he helped grow the firm to $800 million in
assets under management. Prior to that, he served as CFO for Boston
Capital Ventures. Bridge was also CFO for Capital Resource
Advisors/Wellesley Group, Inc. Bridge holds an M.B.A. from
Northeastern University and a B.S. from the University of Maine.
About Earth Search Sciences -- http://www.earthsearch.com/ Earth
Search Sciences, Inc.'s (OTC:ESSE) (BULLETIN BOARD: ESSE)
revolutionary hyperspectral and ultraspectral technology provides
the ability to accurately read the chemical properties of surface
substances from great altitudes and produce easily interpreted maps
allowing the user to identify specific minerals and substances on
the surface of the earth by their diagnostic reflectance patterns.
Ultimately, this remote sensing capability identifies a greater
number of exploration targets quickly and economically, monitors
the environmental situation, and improves the probability of
finding anomalies. Older, more conventional methods would take
decades to cover the same area, and at a much greater cost. Within
the realm of exploration, remote sensing does not replace the need
for geological knowledge, geochemistry, geophysics, seismic,
drilling, etc, which are some of the more conventional tools used
for exploration. The application of Earth Search's patented and
IP-protected hyperspectral technology cuts across the commercial,
medical and military spectra. This news release includes
forward-looking statements that involve a number of risks and
uncertainties. The information reflects numerous assumptions as to
industry performance, general business and economic conditions,
regulatory and legal requirements, taxes and other matters, many of
which are beyond the control of the company. Similarly, this
information assumes certain future business decisions that are
subject to change. There can be no assurance that the results
predicted here will be realized. Actual results may vary from those
represented, and those variations may be material. DATASOURCE:
Earth Search Sciences, Inc. CONTACT: Luis F. Lugo of Earth Search
Sciences, Inc., +1-857-488-0532, ; or Patrick Cusick of Scott
Peyron & Associates, +1-208-388-3800, , for Earth Search
Sciences, Inc. Web site: http://www.earthsearch.com/
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