Terra Systems, Inc. Board of Directors Announces New Executive Contracts and Chief Financial Officer
02 Juillet 2008 - 4:00PM
PR Newswire (US)
SALT LAKE CITY, July 2 /PRNewswire-FirstCall/ -- Terra Systems,
Inc. (OTC:TSYI) (BULLETIN BOARD: TSYI) ("TSYI") is pleased to
announce that it has substantially strengthened its management team
with the addition of Dan Breene as Chief Financial Officer and the
expansion of Reynold Roeder's role into Executive Chairman where he
will devote more time to Terra's expanding business. In addition,
TSYI has entered into employment contracts with each of its key
executives. TSYI's executive team is as follows: Reynold Roeder -
Executive Chairman Clayton Timothy - Chief Executive Officer George
Ford - President Daniel A. Breene Jr. - Chief Financial Officer Mr.
Breene brings over 30 years of experience in corporate finance,
mergers and acquisitions, leasing, investment banking, operations
and strategic planning with firms including Bernstein Global Wealth
Management, Tektronix, PacifiCorp, Westinghouse Credit, GE Capital,
Transamerica and Crocker Bank. Mr. Breene's management experience
includes senior executive positions with major corporations as well
as two start-up companies. Mr. Breene is a graduate of Lehigh
University where he received a Bachelor of Science degree in
Business and Economics and San Francisco State University where he
received an MBA. Mr. Roeder is increasing his time commitment and
involvement in TSYI. In his expanded role as Executive Chairman he
will have oversight of the executive team and implementation of the
corporation's strategic initiatives. "Terra has advanced to the
point where it is necessary to put more management resources in
place to advance Terra's business plan," stated Reynold Roeder.
"Dan Breene has substantial prior management experience and we are
pleased to have him as a member of our team. We are seeing good
progress on the clean coke pilot plant and have begun the start-up
of the Hiawatha pneumatic accelerator project. We expect to begin
the start-up of the Hiawatha project in July." Terra Systems, Inc.
is a clean energy technology company incorporated in 1996 focused
on advanced clean coal technologies, enhancement and utilization of
waste coal and upgrading of specialty carbon products. 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: Clayton Timothy, Chief
Executive Officer of Terra Systems, Inc., +1-435-472-4725 Web site:
http://www.tsyi.com/
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