Management Change - News Release
Thermo Tech Technologies, Inc. Appoints Caroline Mia Reed as President
and CEO
LANGLEY, British Columbia, Oct 18, 1999 (BUSINESS WIRE) -- Thermo Tech
Technologies, Inc. (OTC BB: TTRIF) announced today the appointment of
Caroline Mia Reed as President and Chief Executive Officer.
Ms. Reed replaces Rene Branconnier who resigned today effective
immediately.
Mr. Branconnier, who is Chairman of the Board will remain in that
position until the Company's January 2000 shareholders meeting at which
time he will not stand for re-election, although he will continue to
serve the Company as a consultant.
Ms. Reed, a successful entrepreneur, is a former Federal Express
Corporation sales executive who founded the Global Funding Group in
1996 to aid small cap companies capture share value.
In commenting on her appointment, Ms. Reed said, "It is my intention to
restore to Thermo Tech shareholders the fundamental value of the
Company by effecting the immediate and critical changes necessary to
enable the Company to play its unique role in preserving and improving
our environment."
Ms. Reed added, "I am eager to restore shareholder value to the over
fifteen thousand shareholders presently owning shares in the Thermo
Tech Technologies, Inc. by focusing on a complete transformation of the
Company both internally and in the marketplace, worldwide. I will
impose strict business discipline necessary to move the Company from
its research and development phase into a phase of sustainable growth
and stability."
The Thermo Master Mark III process is a patented fermentation process
providing a controlled environment for biodegradable food waste to be
converted into high protein animal feed and wastewater treatment sludge
into fertilizer concentrate. The Mark III process is the culmination of
over twelve years of active research. The Company has reached the point
of critical mass.
From Tom Kincaid on Raging Bull
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