NEW YORK, NY--(Marketwire - May 21, 2010) - Green EnviroTech Corp., a plastics recovery, separation, cleaning, and recycling company and a wholly-owned subsidiary of Wolfe Creek Mining, Inc. (
Joining the board include: Gary M. De Laurentiis; Chief Executive Officer; Jeff Chartier, President; Andrew Kegler, Chief Technology Officer; and Wayne Leggett; Chief Financial Officer.
"We are pleased to select these board members who add diverse leadership skills to the company," said Gary De Laurentiis, CEO, Green EnviroTech. "We are confident each will play a key role in setting the future direction of the organization."
Mr. De Laurentiis, CEO, has over 35 years of extensive experience in the plastics industry. He founded RPX Corporation as a plastic broker to the Hong Kong market and formed a joint venture to build a recycling plant with government funding. Mr. De Laurentiis also founded Eco2Plastics which won "Top 100 Innovations" by Popular Science. He has held the position of CEO since the inception of the company in 2008.
Mr. Chartier has almost 20 years of extensive experience in the financial services industry including a successful stint with Morgan Stanley. He previously oversaw his own full service retail brokerage firm, Chartier Financial. He joined the company as President in 2009.
Mr. Kegler, Chief Technology Officer, is the founder of Ergonomy LLC, an engineering company focused on development of intellectual property and chemical processes. In his broad and decorated career, he has developed and implemented the first fully automated, water free, recycled plastic finishing cleaner.
Mr. Leggett, Chief Financial Officer, is an accredited accountant with 35 years of experience. He has previously served as the CFO of Corporate Host Development, Inc., in Austin, Texas, and was the vice president for the Accreditation Council for Accountancy and Taxation for two years.
Green EnviroTech produces and supplies recycled commercial grade plastics and resins to industries with a high plastics demand, such as the automotive and consumer products industries. The company has plans to construct large-scale plastics recycling facilities near automotive shredder locations nationwide. Green EnviroTech's patent-pending process produces recycled commercial grade plastics and resins using shredder residue and waste produced at the automotive shredder facilities. The facilities are designed to reduce the need for new raw materials used in plastics manufacturing and reduce the amount of shredder residue and waste being sent to landfills.
The first recycling plant is scheduled to break ground in July in Fond du Lac, Wisconsin with a 100,000 ton per year capability and is expected to be a "green" facility that does not produce hazardous waste or emissions. In connection with established key industry partners, Green EnviroTech also plans to convert waste and scrap plastic into high-value energy products, including sweet crude oil.
About Green EnviroTech Corp.
Green EnviroTech Corp. is a recovery, cleaning, and plastics recycling company which constructs large scale, plastic recycling operations near automotive shredder locations nationwide. The company has developed strategic partnerships with metal recycling companies and plans to leverage both its patented and patent pending recycling and manufacturing processes to produce recycled, commercial grade plastics and resins for application specific manufacturing, primarily focused on automotive and durable goods applications. It recently completed a reverse merger with Wolfe Creek Mining, Inc. (
For more information, please visit: http://www.greenenvirotech.com.
Contact Information:
Contact:
Green EnviroTech Corp.
ir@greenenvirotech.com
212-803-6181