MIAMI, Oct. 6, 2008 (GLOBE NEWSWIRE) -- Centriforce Technology Corp. (Pink Sheets:CNFO) introduced today the management team that will lead the deployment of its new desalination technology. Centriforce is engaged in the development of desalination technology to process sea water into fresh water.
The Centriforce Management Team includes:
Matthew Schulman, President & CEO. Matthew Schulman, age 52, brings an extensive engineering background in refining, petrochemical and separation technologies to the helm of CNFO. He studied chemical engineering from 1974 to 1978 at Rensselaer Polytechnic Institute in Troy, NY. His career has taken him on engineering assignments around the world. He has served as President of Sentinel Telecom, Inc. in Miami, Florida since 2002 and as President of Wireless Networks International, Inc. (WNI) in Miami, Florida from 1996 to 2002.
Steven M. Plumb, CFO. Steven M. Plumb, CPA joined the Company as its Chief Financial Officer. Mr. Plumb has over 25 years of experience in accounting and consulting in the technology, health care, and biotech industries. From July 2001 to the present, Mr. Plumb has served as the president of Clear Financial Solutions, Inc., a business consulting firm, which he founded in 2001, that assists public and private companies with financing, operations improvement, outsourced accounting, SEC reporting, mergers and acquisitions, and financial analysis. From October 2005 to the present, Mr. Plumb has also served as the Chief Financial Officer of HoustonPharma, Inc. of which he was a co-founder. From 2002 through 2004, Mr. Plumb served as Vice President and Chief Financial Officer of Adventrx Pharmaceuticals, Inc. During his tenure as CFO of Adventrx, the company raised in excess of twenty million dollars and progressed from the Over-the-Counter Bulletin Board to listing on the American Stock Exchange. Prior to this, Mr. Plumb served as the Chief Financial Officer of DePelchin Children's Center, and as controller of Memorial City Rehabilitation Hospital in Bellaire, Texas. Mr. Plumb is a former auditor and consultant with KPMG. Mr. Plumb earned his BBA degree in accounting from the University of Texas at Austin.
Haim Silber, Secretary. Mr. Silber, 45, is an experienced businessman who served as a member of the management team of Qabx S.A., a distribution company dealing with the import and export of retail products in the United States. Qabx was founded in 2003. From 1999 to 2003, he was a member of the management team of Abraxas-International, a manufacturer and distributor of jewelry in the United States. He studied business management at the University of Houston and is fluent in English, Spanish and Hebrew.
Centriforce is developing a new desalination technology that it expects will produce commercial volumes of fresh, potable water using less energy input and at lower costs than current reverse-osmosis and flash distillation technologies. Prices paid for water are increasing as population growth increases demand and as overuse reduces current reservoirs. Centriforce believes this will create significant opportunities to profit from its new approach to desalination.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success.