Tuesday October 26, 2:26 pm Eastern Time
Company Press Release
SOURCE: ReDOX Technology Corporation
ReDOX Technology Corporation Details Credentials
of ReDOX - India COO
HOUSTON, Oct. 26 /PRNewswire/ -- ReDOX Technology Corporation (OTC Bulletin Board:
RDOX - news) this
morning released further information on the prospective chief operation officer for its
planned, first deployment in Asia under
ReDOX Technology Corporation - India. In an October 21, 1999 press release, ReDOX
Chairman Richard A. Szymanski
stated that Ansul Gupta would be appointed COO of ReDOX - India and act as Liaison
Officer to the parent company's
planned operations. Szymanski said today that the Company wants its shareholders to view
Mr. Gupta's credentials to fully
understand the strength he brings to the firm.
Ansul Gupta graduated from the City University of New York and Columbia University,
specializing in the economies of the
United States, the former Soviet Union, and the People's Republic of China. Mr. Gupta's
grandfather is the late Rai Sahib of
Panchitgahn Meerui Lala Ram Asray Prasad. His father is Shri Janardan Prasad Gupta,
former chairman of AJ Gupta &
Cop. Pvt Ltd. Ansul Gupta's sister, Neeta Gupta, is Editor of the cultural magazine Atharva
Bharat, his other sister, Namika
Gupta, is Manager of the magazine.
From 1984 to 1986, Ansul Gupta was Deputy Chairman of three joint ventures in Beijing; the
aggregate value of these
ventures was US$161 million. From 1986 to 1988, he was the Chairman and CEO of Delta
Oil Corporation, and CEO of
Canadian Petroleum SA. From 1988 to 1990, Mr. Gupta was the Chairman and CEO of
Dole Corp. International. From
1991 to 1993, Mr. Gupta was Chairman of Western Global Technologies and served as an
economic and strategic political
adviser in Moscow on economic issues under the sponsorship of the Supreme Soviet. From
1994 to 1998, he was Group
Finance Director of the Asian Pacific Group, its worldwide affiliates and subsidiaries.
``We are indeed fortunate to have a man of Ansul Gupta's caliber be a part of ReDOX,'
Szymanski said. ``I believe that his
embrace of the ReDOX mission and technologies is a clear indication that we are on track
and well positioned for the new
millennium.'
ReDOX Technology Corporation holds proprietary technology for high energy density
storage devices. The Company's
common stock trades on the Over-the-Counter (OTC) Electronic Bulletin Board Service of the
National Association of
Securities Dealers (NASD) under the symbol RDOX.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: except for historical
information contained herein, the
statements in this press release are forward-looking statements that are made pursuant to
the safe harbor provisions of the
Private Securities Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties that
may cause the Company's actual results in the future periods to differ materially from
forecasted results.
SOURCE: ReDOX Technology Corporation |
