The Alternative Energy Technology Center, Inc. (OTC:AETE) announced today new appointments to its Board of Directors and management team.
“We believe that a strong, experienced and competent board of Directors is essential to running an effective, transparent public company,” stated Brown Marks, CEO of AETE. “We believe that this initial team we have in place will help us move AETE to the front of the line when it comes to the development of economic biofuels,” he concluded. The initial Directors are:
Mr. Brown Marks, CEO, Chairman. Mr. Marks is an executive with over 30 years of management experience. His prior experience includes ten years with Armco/National Oilwell, (now National Oilwell), (NYSE:NOV) where he was Manager of Business Strategy. He directed worldwide strategic planning, directed development of 5-year business plans and conducted business development activities including acquisitions and technology transfers. From 1992 to 2003 he served as President & General Manager for several Waste Management, Inc. (NYSE:WMI) operations including the State of Louisiana, with responsibility for all landfills, solid waste collection, transfer and recycling operations. Prior to that he has worked for Inland Container Corporation. He is a graduate of the University of Indiana and has completed graduate work at Xavier University and Columbia University and the former President of The North American Society of Corporate Planners in Houston, Texas.
Steve Turknett, CFO, Director. Mr. Turknett comes to AETE as the CFO and a partner of RSI Partners, LLC, in Arlington, Texas where he has served since 1999. Prior to joining RSI Partners, Mr. Turknett was a partner in Turknett & Gosh, a Texas accounting firm. His prior work includes Norton Company in Troy, New York from 1992 to 1998 and Memorex Consumer Products, a division of Tandy Corp. He began his career at Price Waterhouse in 1980 where he worked in the SEC practice.
John Michael Johnston, EVP, Corporate Counsel and Director. Mike Johnston is a successful lawyer who will assist the company with its growth, legal compliance, intellectual property and business development. In addition to practicing law, Mr. Johnston served as North American Regional Manager for O’Connor Actuarial, Ltd. from 1996 to 2001. He obtained his law degree from the University of Oklahoma in 1971 and is admitted to practice before the Supreme Court of the United States.
David Mordekhay, VP Business Development. Mr. Mordekhay has founded and managed several successful international trading companies including manufacturing, marketing and import/export. He has founded companies such as Millennium 2000, DaveMore, Ltd and Continental Connections USA, LLC. He has managed multiple government construction projects in Israel. Mr. Mordekhay will assist with negotiations, international development and client services.
The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
The Alternative Energy Technology Center, Inc.
David Mordekhay,
832-358-0203