Boca Raton, Florida, Sept. 13, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc. (OTCBB:SHPR) (the "Company")
announced today, that effective September 9, 2013, Rasmus Norling
resigned as President and Chief Executive Officer and was appointed
as Chief Technical Officer of the Company.
On September 9, 2013, the board of directors of the Company
appointed Brad Eckenweiler, James Pakulis and Jeffrey Buczek as
directors. In addition, Brad Eckenweiler was appointed as Chief
Executive Officer, James Pakulis as President and Jeffrey Buczek as
Vice President of Engineering. .
Brad Eckenweiler, age 59, is an executive with worldwide
business experience in operations, corporate finance, multi-border
negotiations and global securities markets. Mr. Eckenweiler brings
to the Company his innovative perspective on business strategies
with extensive experience in defining opportunities, creating
effective corporate operational teams and designing unique
marketing solutions both in the United States and overseas.
James Pakulis, age 50, has three decades of experience working
with entrepreneurial companies in a variety of emerging and
high-growth sectors including internet, finance, real estate, and
health care. He has extensive experience in all aspects of
corporate management for both public and private enterprises,
including strategy development and execution, operations, mergers
and acquisitions, real estate transactions, finance/accounting,
legal and human resources.
Jeffrey Buczek, age 46, joins the Company after being employed
since May 2011 as a Research and Development Engineer and
Engineering Project Planner in Global Marine Technical Services for
Royal Caribbean International, Ltd. During his employment at Royal
Caribbean Mr. Buczek managed and coordinated various aspects of new
R&D projects from planning, installation and testing through to
commissioning and class approval.
Rasmus Norling, CTO, commented: "We believe that the diverse
experience our new directors bring to the Company will further add
to our current success and strengthen our board."
For more information on the appointment of new directors and
officers please refer to Poly Shield's Current Report on Form 8-K
filed with the Securities and Exchange Commission on September 13,
2013.
About Poly Shield Technologies Inc.:
Poly Shield markets environmental, pollution emissions, energy
saving, corrosion and durability solutions to a worldwide
market. Poly Shield's proprietary DSOX-15 Fuel
Purification System is a cost-effective technology designed to
remove sulfur from fuel in an effort to meet the
upcoming sulfur emissions regulations due to take effect in 2015.
The technology is directly aimed at the maritime industry
which includes vessels for cruise-line, freight shipping and
tanker companies and can be installed during normal
vessel operation without the need to use expensive dry dock time.
The technology has a worldwide application that is not limited to
the maritime industry. Poly
Shield's Fluoropolymer coatings are formulated
specifically for extreme durability reduced maintenance and
enhanced aesthetics. They were tested and are in use in a number of
different industries including marine, aerospace, oil field,
industrial, commercial, and residential applications.
For further information about Poly Shield Technologies Inc.
please visit the company's website at http://www.Polyshieldtechnologies.com.
On behalf of the Board of Directors
Rasmus Norling, Director and CTO
Forward Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects",
"intends", "estimates", "projects", "anticipates", "believes",
"could", and other similar words. All statements addressing product
performance, events, or developments that Poly Shield Technologies
Inc. expects or anticipates will occur in the future are
forward-looking statements. Because the statements are
forward-looking, they should be evaluated in light of important
risk factors and uncertainties, some of which are described in Poly
Shield Technologies Inc.'s Quarterly and Annual Reports filed with
the United States Securities and Exchange Commission (the "SEC").
Should one or more of these risks or uncertainties materialize, or
should any of Poly Shield Technologies Inc.'s underlying
assumptions prove incorrect, actual results may vary materially
from those currently anticipated. In addition, undue reliance
should not be placed on Poly Shield Technologies Inc.'s
forward-looking statements. Except as required by law, Poly Shield
Technologies Inc. disclaims any obligation to update or publicly
announce any revisions to any of the forward-looking statements
contained in this press release. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. No stock exchange, securities commission or other
regulatory body has reviewed nor accepts responsibility for the
adequacy or accuracy of this release. Investors are advised to
carefully review the reports and documents that Poly Shield
Technologies Inc. files from time to time with the SEC, including
its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
Contact:
info@polyshieldtechnologies.com
www.polyshieldtechnologies.com
CONTACT: Contact:
info@polyshieldtechnologies.com
www.polyshieldtechnologies.com