JER ENVIROTECH INTERNATIONAL CORPORATION APPOINTS EDWARD TRUEMAN AS CEO AND PRESIDENT
Vancouver, British Columbia CANADA, December 22, 2006 /FSC/ - JER Envirotech International Corp. (TSX - VX: JER), ("JER" or the "Company") is pleased to announce the appointment of Mr. Edward Trueman as its new President and CEO, effective immediately. In accepting this position, Mr. Trueman follows Mr. Raphael ("Rely") Diego, JER's co-founder, who will move into a technical advisory role with the Company.
As the majority of the technical challenges have been overcome in the development and manufacture of JER's proprietary wood-plastic composite (WPC) compounds and related JERtech(TM) WPC panel boards, the Company is shifting its focus to the commercialization of these products and the global expansion of its manufacturing operations. Mr. Trueman brings to JER's leadership a strong sales and marketing background and extensive knowledge in the global polymer manufacturing industry. "During Mr. Trueman's career, he has a track record for successfully guiding organizations from start-up to established market leader," states Rely Diego. "He has the skills and experience necessary to take JER to the next stage in its development as a global WPC manufacturer."
"JER's WPC product offerings are truly unique and world class. In more than 28 years experience in the polymer industry, I have never been more excited about a product and its market potential," said Mr. Trueman. "I'm very pleased to have this opportunity to serve as CEO and President and to contribute to the realization of the Company's vision."
Prior to his appointment, Mr. Trueman served as JER's Vice President of Sales & Marketing. His previous work history and achievements include:
* From 2002 up until joining JER, Mr. Trueman held the position as Director, Global Automotive Business Group, for AlphaGary Corporation, an original equipment manufacturer of thermoplastic compounds and engineering alloys for the auto, medical, and wire and cable industries, based in Troy, Michigan.
* From 1991 to 2002, Mr. Trueman was Vice-President, Automotive Sales and Marketing, for Multibase USA, a supplier of plastics and elastomers to North American auto OEMs and Tier 1 suppliers.
* From 1989 to 1991, Mr. Trueman was the principal of Elastomeric Technologies LLC., a polymer consulting corporation that provided services exclusively to Exxon.
* From 1983 to 1989, Mr. Trueman was the OEM Sales Manager for Research Polymers International of Grand Prairie, Tex., a start-up TPO polymer compounder that serviced the North American Tier 1 automotive markets. During his tenure at Research Polymers, Mr. Trueman pioneered the sale of the auto industry's first TPO injection-moulded bumper to General Motors in 1984.
Mr. Truman is a graduate from Eastern Michigan University, with a Bachelor' of Science, Economics and Management degree in 1979.
Mr. Diego has also resigned as a Director of JER Envirotech Corporation. Mr. Sokhie Puar will replace Mr. Diego as Chairman of the Board.
About JER Envirotech International Corporation
JER is a global manufacturer of wood-plastic (or alternative fibre) composite (WPC) compounds and panel boards. The Company's patented WPC technology utilizes waste or by-product materials, such as saw dust and rice husk, to produce environmentally friendly alternative products for applications in the automotive manufacturing, construction and transport industries. The Company currently has 42 unique WPC additive formulations, which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.
JER has WPC manufacturing operations in Canada and Malaysia, and is currently in the process of establishing new plants in the Philippines and India.
The Company is publicly traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB". For more information, visit www.jerenvirotech.com.
On behalf of the Board of Directors,
JER ENVIROTECH INTERNATIONAL CORPORATION
"Sokhie Puar"
Sokhie Puar,
Chairman of the Board |
