Wednesday January 20, 6:01 am Eastern Time
Company Press Release
SOURCE: SGI International
Michael L. Rose Named President and Chief
Operating Officer of SGI International
LA JOLLA, Calif., Jan. 20 /PRNewswire/ -- SGI International (OTC Bulletin Board: SGII - news) announced today that
Michael L. Rose has been appointed President, Chief Operating Officer and a member of SGI's Board of Directors.
Mr. Rose will assume the overall operating responsibility for SGI, initially focusing on the commercialization of the Opti-Crude
Enhancement Technology (''OCET''). OCET is SGI's patented technology for crude oil and resid enhancement by electric field
processing.
Rose was formerly Senior Vice President and Chief Operating Officer of Energy Supply and Credit Corporation (ESCO). He
was President and COO of Peerless Petrochemicals, Inc. when it was acquired by ESCO in 1989. ESCO is engaged in the
business of petroleum refining. His responsibilities included crude oil purchasing from a number of Central and South American
countries, including Mexico and Venezuela, as well as African and Persian Gulf state-owned oil companies. Rose was
previously with Commonwealth Oil Refining Company as Vice President and General Manager, Joint Venture Operations.
These joint ventures owned ''world-scale'' petrochemical plants with companies such as PPG, W. R. Grace, Hercules,
Mitsubishi and Nippon Zeon. During the first ten years of his career he was employed by Merrill Lynch, Exxon Research &
Engineering Company and Curtiss Wright. Rose has a Bachelors degree in Chemistry and a Masters in Chemical Engineering.
Michael L. Rose stated: ''I am impressed with the talent and dedication of the employees and feel that SGI is on the verge of
fulfilling its huge potential. I look forward to joining the SGI team.''
Joseph A. Savoca, Chairman/CEO stated: ''We are fortunate to have attracted Michael Rose to SGI. Michael possesses the
academic as well as industrial experience to be an integral part of the management of the new joint venture with Mitsubishi
Corporation. His over thirty years of experience in the petroleum and related industries provides the required background for
the commercialization of OCET. Michael's proven management ability, as well as his substantial background in the energy
business, will be a great asset to SGI.''
SGI International's core business is developing, commercializing and licensing new energy technologies. Its corporate
headquarters are in La Jolla, California.
(This news release contains forward-looking statements. Actual results could vary from those expected due to a variety of risk
factors, including, but not limited to, the uncertainty of successful completion of contemplated or proposed business
transactions.)
SOURCE: SGI International
More Quotes and News:
S G I International (OTC BB:SGII - news)
Related News Categories: mining/metals, oil/energy
|
