Nerox Energy Corp. Assembles New Management Team; Jack Utter Becomes New President, CEO and Chairman of the Board
IRVINE, Calif.--(BUSINESS WIRE)--Nov. 24, 1997--Nerox Energy Corp. (OTC:NROX) announced the first of several management changes with the appointment of Jack Utter as the company's new president, CEO and chairman of the board.
Utter, former board member and general counsel of Nerox, has extensive experience in the operation of public corporations. Utter was president, chairman of the board and general counsel to Tommy Lasorda Foods Inc., which he took public in 1991. In addition, Utter has syndicated $40,000,000 in securities and real estate.
"This is the first of several appointments to our management team and our board of directors," commented Utter. "The opportunity to capitalize on Nerox's potential to provide low-cost, clean-burning coal to customers like Sumitomo of Japan, Glencore and the United States Department of Defense through our mine in Alaska should not be lost. We are aggressively seeking to finance the purchase contracts we have in place and are seeking additional strategic partners."
Nerox Energy Corp. is an emerging growth, fully integrated energy company with interests in oil and natural gas, coal and power plant development. The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both Pacific Rim and domestic markets. |
