JACKSONVILLE, FL--(Marketwired - Aug 18, 2016) - NAC Global Technologies, Inc. (
In connection with the closing of the business combination with SHE, Mr. Antonio Monesi, President of the Bellelli Group, has been appointed as a director and the President of NAC. Mr. Filippo Puglisi, President of the Petrochem Industrie Group, has been appointed as a director and the Chief Financial Officer of NAC. Mr. Vincent Genovese continues to serve as a director and the CEO of NAC. Mr. Edward Haversang remains a director of NAC, and Ms. Rita O'Connor resigned as a director of NAC at the closing of the business combination. Mr. Vincent Genovese commented, "From our first conference call, we recognized the value and the potential of the combined companies' synergies. We believe our collective experience and resources will accelerate the company's growth, particularly in the Americas, while the vertical integration of product develop, systems engineering, manufacturing provide a strong competitive advantage across the globe."
Detailed information regarding the closing of the business combination with SHE and related ancillary documents and board and officer appointments will be made available by NAC in a Current Report on Form 8-K to be filed by NAC with the Securities and Exchange Commission on or about the date of this press release.
About Swiss Heights Engineering
Swiss Heights Engineering SA is a company that currently holds certain valued and synergistic oil and gas manufacturing businesses, including 100% of the equity interests of Petrochem Industrie S.r.l., Proteam TPS S.r.l. and Lotus S.r.l., and a controlling interest in the Bellelli Engineering Group of companies and affiliates. For more information, please visit: http://www.petrochemindustrie.it/
About Bellelli Engineering
Bellelli Engineering primarily designs and supplies process plants and equipment for the Oil and Gas industry, ranging from oil and gas field production facilities to treatment/refining. Additionally, Bellelli offers consulting services, supply of individual process units and/or the renovation of old plants for upstream, midstream and downstream markets. For more information, please visit: http://www.bellellieng.com
About NAC Global Technologies
NAC Global Technologies is an engineering services, R&D, and manufacturing company. Through its wholly owned subsidiary, NAC Drive Systems, harmonic gearing technology is marketed to the automation, robotics, energy, and defense industries. For more information, please visit: http://www.nacglobaltechnologies.com
Forward-looking Statements
This release contains or may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe", "projects", "estimates" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements, except as required by applicable law.
Contact Information:
Contact:
Vincent Genovese
CEO
904-493-6496