SNRG Corporation Announces Rubber Marketing Initiatives
25 Mars 2010 - 3:00PM
Marketwired
SNRG Corporation (PINKSHEETS: SNRG) announced this morning that the
Company is launching a wholly owned subsidiary, DRC Elastomers, LLC
("DRC"), for the global marketing of a variety of devulcanized
rubber compounds to be manufactured by the company.
The Company also announced the appointment of Steven J. Renegar
as Vice President, Sales and Marketing for DRC. Mr. Renegar is a
senior rubber industry sales and marketing executive with an
extensive career in various sectors of the rubber industry. This
experience includes new product development, product branding,
product packaging, laboratory management, quality control,
logistics, distribution networks, technical services, customer
service and structuring of global agent networks. Mr. Renegar has
an MBA from the University of Texas, an MS Degree from Pittsburg
State University and a BA Degree (Chemistry) from Southwestern
College.
"We are very fortunate to have Steven join our team," stated Mr.
Elroy Fimrite, President of SNRG. "His long time and extensive
relationships in the industry, coupled with his training and
knowledge of the solutions customers are looking for, will maximize
the market benefits of our devulcanization technology."
"I am excited by the properties delivered by the company's
devulcanization technologies," stated Mr. Renegar. "With the coming
shortage of virgin rubber and the record high prices customers are
facing, the ability to offer customers a good quality,
cost-effective replacement material is an opportunity I am pleased
to be part of."
The company has launched this marketing initiative in
anticipation of production of marketable quantities of product by
or before the third quarter of this year.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR STATEMENT:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"). In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "will," "plans,"
"hopes," "anticipated," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with the Company's business focus; the Company's ability
to acquire its target facilities and raise needed funding; the
potential productivity of our proposed properties; changes in the
operating costs and changes in economic conditions and conditions
in the recycling and de-manufacturing industry and the unproven
nature of such technologies and its commercial viability. Although
we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. SNRG Corporation takes no obligation to
update or correct forward-looking statements, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by the Company.
Investor Relations Contact: Mr. Jim Elbert Destiny Focus
Consulting Inc. 630-847-4255 Authorized by: D. Elroy Fimrite
President & CEO Contact: Email Contact
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