VANCOUVER, Wash., Jan. 15, 2004 (PRIMEZONE) -- The Board of Directors of Hydro Environmental Resources, Inc. (OTCBB:HYVR) has accepted the resignation of current President and CEO David Rosenberg and announced the appointment of Mark Shmulevsky as Interim CEO. The Board of Directors would like to thank David for his past service to the company. The Board has initiated the process of locating a successor who possesses an extensive background in the alternative energy industry. The Board is confident that this individual will build on the company's current successes and will be able to move the organization to the next phase of its long-term strategy.
Mark Shmulevsky is currently the Chief Information Officer and Treasurer of the company. He has been directly involved in overseeing the companies IT technology developments. Mark holds a Masters Degree in Computer Science from Latvia State University and has been a board member of this company for the past eighteen months.
Mark and the rest of the Hydro team, based on recent developments, look forward to sharing tremendously positive news in the coming weeks.
About Hydro Environmental Resources
Hydro Environmental Resources, Inc. holds the rights to the Electrical Chemical Hydrogen Fuel Reactor (ECHFR), which is one of the first hydrogen reactors that eliminates the need for an outside energy source to produce a pure commercial-grade of hydrogen at low pressure. This proprietary process delivers a highly mobile, more cost-effective and physically safe production of hydrogen than alternative methods, which require outside energy sources such as electricity, solar power and fossil fuels. The Company (HERI) was founded in 1998 with the primary goal of exploring avenues to improve the global environment through the development of safe and efficient methods of alternate energy production. The HERI team is focused on the production of alternate energy in the form of hydrogen gas, heat recovery, waste treatment, clean and potable water, through its breakthrough technologies. Today the ECHFR can provide environmentally safe and cost-effective hydrogen and heat energy to meet the needs of the enormous alternative energy industry.
Safe Harbor: This press release may include statements which are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by their use of terms and phrases such as "believe", "expect", "plan", "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Hydro Environmental Resources. These factors include, but are not limited to, the following: the cost and timing of development and market acceptance of Hydro Environmental Resources hydrogen generation systems competitive factors, such as price competition and new product introductions, other factors detailed from time to time in Hydro Environmental Resources, Inc. filings with the Securities & Exchange Commission.