WINTERPARK, Fla., Dec. 13, 2013 (GLOBE NEWSWIRE) -- Centor, Inc. (OTCBB:CNTO) is pleased to announce the appointment of James Michael Sullivan, BBA, CFA as President and Chief Executive Officer of Centor. Mr. Sullivan will also remain a director of the Company. Mr.Sullivans appointment follows the resignation of Mr.Bradley Wilson as President and Director of Centor.
Mr. Sullivan is the former founder and Managing Partner of Affluence Capital Corporation a Calgary based boutique investment advisory firm focused on energy, renewable and carbon finance. During his tenure at Affluence, Mr. Sullivan was responsible for corporate finance advisory work with a number of public and private energy companies where he acted in senior management capacity for related companies including Chief Executive Officer, Chief Financial Officer and/or Chief Strategy Officer. (companies included Fortress Energy Ltd., Western Carbon Ltd., Peace River Oil Ltd., VenCan Oil SA, Midcoast Energy Inc., Hyperion Technologies, International Petroreal Inc., Solgate Inc., Brink Energy Limited, and Vault Power Corp.)
Prior to establishing Affluence Capital Corporation in 2001, Mr. Sullivan was a founder and Chief Financial Officer of a private midstream infrastructure company that was sold to AltaGas Services Ltd. Prior thereto, Mr. Sullivan was the Chief Financial Officer of the Morrison Facilities Income Trust, a TSX listed entity. The IPO was originated and structured by Mr. Sullivan as a $200 million take-out financing of oilfield infrastructure (midstream) investments owned by a syndicate of pension funds. Prior thereto, Mr. Sullivan was the manager for project finance at TransCanada PipeLines. During his tenure, was involved in over $3 billion of energy infrastructure project finance transactions both domestic and internationally, including a tenure with the World Bank to develop energy projects in East Africa.
Mr. Sullivan stated; "The energy sector is an always expanding industry with extraordinary opportunities. Centor has an extremely strong network and identified inventory of projects in the oil and gas sector that can be commercialized. I consider this a grass root opportunity in an explosive market sector with immense growth potential and am looking forward to being part of this management team and in developing these opportunities."
James Michael Sullivan, President and CEO
For further Information and inquiries please call: 866-491-3128.
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
Centor Management 866-491-3128