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(CBBV) JSC Globotek Appoints Two New Directors
| Source: Caribbean Villa Catering Company
NEW YORK, NY--(Marketwire - February 23, 2010) - Caribbean Villa Catering Corp./JSC Globotek
(OTCBB : CBBV ) announced the appointment of two new directors.
According to the company, the appointments come further to an overwhelming
domestic and international interest for Globotek's technology. The first
appointment was that of Mr. Amdt Von Oertzen, a well known international
logistics consultant and specialist in LPG trading and transportation. Mr.
Amdt Von Oertzen will serve as Chief of Personnel and will head the
compensation committee. The second appointment is that of Mr. Sergey
Sobolev, a Russian economist with vast experience in risk management,
securities trading and financial controls. Mr. Sobolev will serve as Chief
of Internal Audit.
"We are extremely happy with the new board members, their experience, and
know-how will be a welcome addition to our team," said Dr. Tenenbaum,
Chairman of the Board of Directors of Globotek. "The international
expansion as well as the numerous implementations planned domestically will
require a vast set of skills as currently demonstrated by our board and we
are now in a great position for our next growth phase," further added Dr.
Tenenbaum.
About JSC Globotek
Globotek is the developer and owner of a unique technology for the
processing of Associated Petroleum Gas (APG) that is carried out at the
drilling field by a Modular Mobile Structure. Globotek's process involves
the use of block-modular mobile complexes that each contains mini gas
processing units. Globotek presently supplies only the Russian market but
its product can be utilized wherever APG is flared. The advantages of the
Globotek product are many, but can be summarized as speed of construction
and installation, small cost and a worldwide market. Russian legislation
mandates that all oil fields in Russia must process APG to the
international 95% standard by January 2012.
Forward-Looking Statements
This release contains forward-looking statements, including, without
limitation, statements concerning our business and possible or assumed
future results of operations. Our actual results could differ materially
from those anticipated in the forward-looking statements for many reasons
including: our ability to continue as a going concern, adverse economic
changes affecting markets we serve; competition in our markets and industry
segments; our timing and the profitability of entering new markets; greater
than expected costs, customer acceptance of our products or difficulties
related to our integration of the businesses we may acquire; and other
risks and uncertainties as may be detailed from time to time in our public
announcements and SEC filings. Although we believe the expectations
reflected in the forward-looking statements are reasonable, they relate
only to events as of the date on which the statements are made, and our
future results, levels of activity, performance or achievements may not
meet these expectations. We do not intend to update any of the
forward-looking statements after the date of this document to conform these
statements to actual results or to changes in our expectations, except as
required by law.