Viridis Energy Adds Commodities Expert to its Board of Directors
04 Outubro 2013 - 5:33PM
Access Wire
Vancouver, BC - October 4, 2013
- Viridis Energy Inc. ("Viridis" or the "Company")
(TSXV: VRD), a "Cleantech" manufacturer and distributor of
alternative energy providing biomass fuel to global residential and
industrial markets, announced today that Robert M. Aaron, a
seasoned commodities expert with over 30 years' experience, has
joined its board of directors. Mr. Aaron replaces Vivek Rastogi,
vice president of Abellon Energy, Inc. who stepped down as a member
of the Company's board to focus on his responsibilities at
Abellon.
Robert Aaron currently serves as the
CEO of Gilwern Associates, an advisor to Viridis Energy's largest
shareholder, Cornwall Investments LLC ("Cornwall"), holder of 70%
of the Company's outstanding stock. Mr. Aaron also serves as vice
chairman of HedgeServ Corporation, a leading hedge fund and private
equity administrator located in New York, London and Dublin, and
vice chairman of Investor Analytics LLC, a cutting-edge, investment
risk management software-as-a-service provider located in New York.
Previously, Mr. Aaron served as CEO of DPM Mellon, LLC (formerly
Derivatives Portfolio Management, LLC, and currently a subsidiary
of The Bank of New York Mellon Corporation), a provider of
administrative and risk support services to hedge funds. He also
served as vice president of Commodities Corporation, a leading
commodity and futures trading firm acquired by Goldman Sachs. Mr.
Aaron received a Bachelor of Science degree in accounting from
Fordham University.
"We are sorry to see Vivek leave our
board, but understand that as Viridis and Abellon each progress
with their growth strategies, the demands of both companies become
more difficult to balance. Viridis' board and management team wish
Vivek and Abellon continued success going forward. We welcome Bob
Aaron to our board with open arms. Bob has been a staunch supporter
of Viridis over the last few years. His extensive background in
commodities, and especially forest products, has proven invaluable
to Viridis in the past and, as a board member, should enhance his
contribution to the Company's growth," said Christopher Robertson,
Chief Executive Officer of Viridis Energy, commenting on the board
transitions.
Viridis recently
announced that its subsidiary, Scotia
Atlantic Biomass Company Limited ("Scotia"), which resumed
production this summer, is approaching full capacity of 120,000 ton
per year. Viridis has entered into a marketing agreement for
Scotia's entire pellet production with one of the world's oldest
trading houses and wholesalers of forest products. The Company is
also considering other biomass revenue sources in which it can
exploit its expertise in renewable energy.
-----------------------------------
| |Company Contact: Michele | |
| |Rebiere Chief Financial | |
| |Officer Viridis Energy Inc | |
| |905-847-5226 | |
| |investorinfo@viridisenergy.ca| |
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About Viridis Energy Inc.
Viridis Energy Inc. (TSXV: VRD) is a
publicly traded, "Cleantech" alternative energy company
specializing in the agricultural and wood waste biomass. Located in
Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing,
Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing
the company with vertical integration for distribution and
manufacturing as well as coast-to-coast national presence. For more
information on Viridis Energy Inc. please refer to the company
website at www.viridisenergy.ca.
Forward-looking
Statements
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the
Company's future operations. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth
(5) inability to finance the start-up operations in Nova Scotia in
a timely manner (6) inability to retain key management and
employees, (7) an increase in the number of competitors with larger
resources, and (8) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this
news release and the Company intends to update such forward looking
information in the Company's MD&A in the event that actual
results differ materially from such forward-looking statements
contained herein. Additional information about these and other
assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with
Canadian securities regulators.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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