Here it the first post on this company
ROTARY POWER INTERNATIONAL, INC. AUGMENTS ADVISORY BOARD
Wood-Ridge, New Jersey - Wednesday, June 20, 2001 - Virgil Wenger, Chairman of the Board of
Directors of Rotary Power International, Inc. ("RPI") announced today that Edwin "Ted" Knetzger
III, Hans H. Angermueller and Stephen Baksa have become members of RPI's Advisory Board
with Mr. Knetzger assuming the role of the Advisory Board's Chairman. The three new members
join the current members, Mr. Albert R. Dowden, former President, CEO and Director of Volvo
Group North America, Inc. and Mr. William Partenan, former President and CEO of BG
Technologies USA, Inc.
Mr. Knetzger is the cofounder and Chairman Emeritus of Greenwich Capital Markets, Inc.
Greenwich Capital Markets, Inc., based in Greenwich, Connecticut, is a major primary dealer in
US government securities and mortgages and asset-backed securities.
Mr. Angermueller, currently of counsel to the international law firm of Shearman & Sterling in New
York City, was formerly Vice-Chairman of Citicorp/Citibank.
Mr. Baksa is a Managing Director of The Vertical Group, a venture capital firm headquartered in
Summit, New Jersey. Mr. Baksa has had over 30 years experience in evaluating companies at
various stages of development for investment purposes.
Mr. Wenger, Chairman of the Board of RPI stated, "Our Advisory Board is now comprised of
individuals with a broad diversity of experience in engineering, law, finance, investment,
marketing and management. This Board will play an active role in guiding RPI's program of
building an entrepreneurial management team to develop, produce and market industrial rotary
engines for a wide range of applications".
Knetzger founded Greenwich which has a website at www.gcm.com. I am told he himself is worth over
500 million. This man will open many doors for RPIN and frankly could personally fianance any expansion
needs that the company might have. What I particularly like is that the company is already past the development
stages and is now moving forward taking PO's. They will have to look for expansion of present facilities as they
need more employees and square footage to build more engines. They earlier announced a deal with Hong Kong
for orders worth up to 8.2 million. I also look for alot more news over the next few months that will dramatically
increase revenue stream into the company. |
