Terra Systems, Inc. Organizes its Board of Directors
June 05 2007 - 10:00AM
PR Newswire (US)
SALT LAKE CITY, June 5 /PRNewswire-FirstCall/ -- Terra Systems,
Inc. (OTC:TSYI) (BULLETIN BOARD: TSYI) -- Following the May 15,
2007 announcement by Terra Systems, Inc. ("TSYI") of the
appointment of new members to its Board of Directors, an inaugural
meeting of the entire Board of Directors of TSYI was held May 29
and 30, 2007. At the meeting the following steps were taken: --
Reynold Roeder was elected Chairman of the Board of Directors of
TSYI -- An Audit Committee of the Board of Directors was organized
with Reynold Roeder as Chair and Fred Buckman and JR Key as members
-- A Compensation Committee was also organized with Fred Buckman as
Chair and JR Key and Reynold Roeder as members At the conclusion of
the Board meeting; Clayton Timothy, CEO of TSYI expressed his
appreciation for the united focus of the new members of the Board
of Directors and the pledged support of the entire Board to achieve
TSYI's immediate benchmarks. Timothy stated "the strength,
independence and superior business acumen that the new members of
the Board bring to Terra will undoubtedly help the company reach
the level of success the shareholders expect and deserve". Terra
Systems, Inc. is a clean energy technology company incorporated in
1996 focused on advanced clean energy generation, enhancement and
utilization of waste coal and upgrading of specialty carbon
products. Please refer to http://www.tsyi.com/ for more information
on Terra Systems, Inc. Note: Certain statements contained herein
may be forward-looking statements within the meaning of federal
securities laws and Terra Systems, Inc. intends that such
forward-looking statements be subject to the safe-harbor created
thereby. Forward-looking statements include Terra Systems, Inc.
expectations as to the managing and marketing of its businesses
within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding future events and our future results that are
based on current expectations, estimates, forecasts, and
projections about the industries in which we operate and the
beliefs and assumptions of our management. Actual results may vary
materially from such expectations. Words such as "expects,"
"anticipates," "targets," "goals," "projects," believes," "seeks,"
"estimates," variations of such words, and similar expressions are
intended to identify such forward- looking statements. Any
statements that refer to projections of our future financial
performance, our anticipated growth and trends in our businesses,
and other characterizations of future events or circumstances, are
forward- looking. Although Terra Systems, Inc. believes that its
expectations are based on reasonable assumptions within the bounds
of its knowledge of its business and operations, there can be no
assurance that our results of operations will not be adversely
affected by such factors. Unless legally required, we undertake no
obligation to revise or update any forward-looking statements for
any reason. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this statement. DATASOURCE: Terra Systems, Inc. CONTACT: George
Ford of Terra Systems, Inc., +1-801-208-1289 Web site:
http://www.tsyi.com/
Copyright