The Board of Directors of Carbonics Capital Corporation (OTCBB: CICSstock news)
has appointed Paul T. Miller, Ph.D. to the position of president and
chief executive officer.
Prior to his acceptance of the position of president and CEO of
Carbonics, Dr. Miller was the founder and president of Sustainable
Systems, an oilseed processing facility specializing in the production
of high oleic vegetable oils for food applications. Dr. Miller has a
hands-on understanding of the challenges faced by early stage
development projects and companies including diverse experience in
finance, sales, marketing, product development and operations. Dr.
Miller earned a B.S. in Chemistry from Radford University and a Ph.D. in
Chemistry from the University of Montana.
“Carbonics will focus on technological development and services that
decarbonizes and increases efficiency within industry and commerce,”
said Dr. Miller. “Our plan to build shareholder value involves the
development and use of technologies that decrease carbon and energy
intensity coupled with the monetization of those reductions to help
drive our growth.”
Carbonics’ first project involves its planned acquisition of the
Sustainable Systems oilseed crush facility in Culbertson, Montana from
GreenShift Corporation (OTCBB: GERS), and the restructuring and
repositioning of this facility as a strategic location for the
processing of carbon-neutral second generation feedstocks for biofuel
applications. In addition, Carbonics intends to invest in the
development of technology to manufacture carbon-negative third
generation feedstocks for biofuel and specialty chemical applications.
Dr. Miller stated, “I am energized by Carbonics’ technology, services,
business development and overall growth opportunities. It remains
extremely important that the private sector continue to develop and
invest in renewable energy, energy efficiency and clean technology that
has diverse applications across industry and commerce. We are
collectively, as a society, facing unprecedented challenges in the form
of resource scarcity and global climate change. We believe that
development of second and third generation feedstocks that help to
streamline the flow of carbon through, out and back into commerce
presents a compelling opportunity to contribute meaningfully to the
resolution of these challenges.”
About CICS Stock Profile Carbonics Capital Corporation
Carbonics Capital Corporation (OTCBB: CICS) was founded to facilitate
decarbonization in ways that cost-effectively capitalize on the evolving
carbon markets.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements" within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of
Carbonics Capital Corporation and members of its management as well as
the assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties,
and that actual results may differ materially from those contemplated by
such forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially from
those in forward-statements include fluctuation of operating results,
the ability to compete successfully, and the ability to complete
before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operating results.
