DAVIS, Calif., Nov. 2, 2011 (GLOBE NEWSWIRE) -- Moller International, Inc. (MI) (OTCQB:MLER), the developer of the Skycar® aircraft, the Rotapower® line of rotary engines and the Aerobot® line of Unmanned Aerial Vehicles (UAV), announced today that Robert Churchill has been appointed Controller.
"Robert's accounting knowledge and broad understanding of small publicly traded companies will be an asset to the Moller team and its shareholders," stated Dr. Paul Moller, President of Moller International. "He will not only help the Company more efficiently manage assets and address accounting needs as we grow, but will also be involved in the daily operations of our organization and the numerous accounting projects that continue to impact our business."
Robert is a hard-working, results-oriented accounting professional, who has devoted the majority of his career to providing growing, fast-paced organizations with the financial expertise required to successfully manage their growth. He has a diverse background which includes both hands on experience with the day to day operations of an accounting department, and experience with higher profile accounting projects, including accounting system conversions, department restructurings, audits, cash flow management and budgeting.
Mr. Churchill's enthusiasm is apparent. "I'm eager to help bring Skycar® technology into the market place. Being able to apply my knowledge and experience to this project is a great opportunity for me and I am going to do everything I can to support Moller's mission to create a safe, affordable, high performance airborne alternative to personal transportation."
His qualifications include a Masters of Science degree in Accounting from California State University at Sacramento and a Bachelors of Science degree in Managerial Economics from UC Davis. He is a CPA with extensive hands-on accounting, budgeting, financial analysis and SEC financial reporting experience.
About Moller International
Moller International (OTCQB:MLER) formerly Moller Aircraft had its origins in research carried out by Dr. Paul Moller when he tested a scale model of his VTOL capable aircraft in 1961. A full-size version of the earlier VTOL aircraft was demonstrated in 1965. In 1967, research was conducted with the specific purpose of developing vertical takeoff aircraft for the consumer market.
Today, Moller International (OTCQB:MLER) is a fully reporting public company that has continued to develop a number of VTOL aircraft employing Rotapower® engines and stabilization systems used not only in creating the M400 Skycar® and the M200 Neuera®, but also other VTOL aircraft targeted at the military, public safety, commercial and consumer markets. The Skycar® has been featured on a number of TV programs including CBS 60 Minutes, "Highway In the Sky", NBC's Today Show "Today's American Story", and History Channel's "Greatest Movie Gadgets: Then and Now."
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.