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.
Poly Shield Technologies Inc.
Boca Raton, Florida, UNITED STATES
Day's Range: 1.10-1.17
Previous Close: 1.12
Market Cap: 219.95M
Day's Volume: 97,035
Poly Shield Technologies Inc. logo