01/22/2007 15:53:28 - PRESS RELEASE: GS CleanTech Announces Management Appointments
NEW YORK--(BUSINESS WIRE)--January 22, 2007--
GS CleanTech Corporation (OTC Bulletin Board: GSCT) today announced the appointments of David Winsness to President and Chief Executive Officer, Greg Barlage to Chief Operational Officer, and John "Whit" Davis to Vice President of Operations.
"These appointments are both very important and timely to GS CleanTech," said Kevin Kreisler, GS CleanTech's chairman and now former chief executive officer. "Our corn oil to biodiesel program has a built up a great deal of momentum and the depth and breadth of our team will be critical to our continued success as we transition more fully from technology commercialization to systems deployment and ongoing operations. David, Greg and Whit each have intimate knowledge of our technologies as well as standard vegetable oil refining, and ethanol and biodiesel production processes. I have every confidence in each of them and the rest of the GS CleanTech team, and I look forward to the continued success of our corn oil to biodiesel program."
David Winsness, GS CleanTech's president and chief executive officer, added that: "I am very excited by where we are today. We have a growing team of dynamic and hard working engineers and project managers and I strongly believe that our technologies can help to facilitate tremendous gains for commerce and the environment. Our first target is the Corn Ethanol Production Industry, and we intend to remain relentlessly focused on enhancing the net energy value of traditional corn derived ethanol production by layering in additional technologies that maximize the revenues and earnings yield of every bushel of corn. GS CleanTech has made great strides in the past year and I look forward with anticipation to our future."
David Winsness, GS CleanTech's new Chief Executive Officer, was previously GS CleanTech's President and Chief Operational Officer in which position he led the commercialization effort for GS CleanTech technologies. Mr. Winsness has spearheaded the addition of over a dozen patented and patent pending technologies to GS CleanTech's portfolio, six of which were developed and authored directly by Mr. Winsness, including GS CleanTech's Corn Oil Extraction Technology. Mr. Winsness is a graduate of Clemson University (B.S., Mechanical Engineering) and he has spent his professional career as a process engineer in the chemical, food, pharmaceutical and power generation markets. Prior to accepting a position with GS CleanTech, Mr. Winsness served as chief technology officer and eventually chief executive officer of Vortex Dehydration Technology where he directed the research, development and commercialization of a technology that is now GS CleanTech's Tornado Generator(TM).
Greg Barlage, GS CleanTech's new Chief Operational Officer, has over 15 years of deep process engineering experience, including manufacturing optimization, maintenance and operations management with a leading food products company. Prior to joining GS CleanTech in early 2006, Mr. Barlage worked for Alfa Laval, a global leader in heat transfer, separation, and fluid handling solutions. There he was responsible for all separation, heat transfer, and specialty process capital equipment sales to the meat processing and vegetable oil processors in the U.S. In this position he effectively reformed the sales team to grow sales and innovate with new products and systems for these industries. Notably, Mr. Barlage lead the Alfa Laval team as it worked with GS CleanTech's management in the commercialization of its proprietary corn oil extraction technology and has worked extensively with GS CleanTech's team as they designed and deployed GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Mr. Barlage has also worked on the engineering and installation of a commercial scale version of GS CleanTech's Tornado Generator(TM) technology located in Joplin, Missouri, where it effectively processes and dehydrates poultry products into highly nutritional and shelf stable products. This system operates 24 hours per day, 5 days per week and also uses Alfa Laval heat transfer and centrifuge components in conjunction with the Tornado Generator(TM) to produce high quality animal fats, chicken broth and dehydrated poultry proteins. Mr. Barlage has a B.S. in Electrical Engineering from the University of Toledo, Toledo, Ohio, and an M.B.A. from the University of St. Thomas, Minneapolis, Minnesota.
John "Whit" Davis, GS CleanTech's new Vice President of Operations, has a broad base of diversified management, engineering, operational and business development experience. Mr. Davis led the deployment of GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Most recently in his career, Mr. Davis was the technical director for special projects at Vortex Dehydration Technology, where he led product design, development and implementation for many applications of the technologies underlying GS CleanTech's Tornado Generator(TM). Mr. Davis holds the rank of Lt. Commander as a reservist with the U.S. Coast Guard. Mr. Davis has a B.S. in Civil Engineering from the U.S. Coast Guard Academy and an M.B.A from Boston University.
About GS CleanTech Corporation
GS CleanTech Corporation provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources. Additional information on GS CleanTech and its technologies is available online at www.gs-cleantech.com.
GS CleanTech is majority owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources. Additional information on GreenShift is available online at www.greensift.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS CleanTech Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: GS CleanTech Corporation
212-994-5374
Fax: 646-572-6336
investorrelations@gs-cleantech.com
www.gs-cleantech.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
dmccandless@walek.com
www.walek.com
SOURCE: GS CleanTech Corporation
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