Great Plains Metals Corp. press release
Pristine Power announces key management appointments
TSXV - TSX Venture Exchange · Gold · Copper · Molybdenum · Rare Earth Elements · Uranium · Canada
Part of ongoing preparation for company's first commercial operations
CALGARY, June 9 /CNW/ - Pristine Power Inc. (TSX: PPX "Pristine" or the "Company") is pleased to announce the appointments of Jim Fitzowich, Vice President, Asset Management, and Jose Menendez, Vice President, Business Development, East.
"Our first two commercial operations - Enpower and East Windsor - are on schedule for startup in the third quarter of 2008 and 2009 respectively and these new appointments will strengthen our operating capabilities and ready Pristine for success in the next round of project bidding in British Columbia and Ontario," said Mr. Jeffry Myers, President and Chief Executive Officer.
Mr. Fitzowich is an electrical engineering graduate with over 20 years of experience in engineering, development, operations and acquisitions with major Canadian power companies. Mr. Fitzowich will be responsible for the management and optimization of the ongoing operations of Pristine's generating assets with an initial focus on the transition to operations of the Company's Enpower ERG(R) and East Windsor Cogeneration projects.
Mr. Menendez is a mechanical engineering graduate with over 18 years of experience in the electricity generation business, including extensive project execution experience and green energy technology development. He will be responsible for the Company's continued business development activities in central and eastern Canada and will manage the development of the gas-fired generation project to be proposed by Pristine in response to the Ontario Power Authority's Northern York Region Request for Proposals. An affiliate of Pristine is one of five bidders pre-qualified in this process.
"The appointments of Jim and Jose underline Pristine's commitment to delivering positive operating results for the Company's three projects in construction and enhancement of the Company's prospects for new successful projects in central and eastern Canada", said Mr. Jeffry Myers, President and Chief Executive Officer.
Cautionary Statement Regarding Forward Looking Information
Certain statements in this news release may constitute "forward-looking information" or "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this news release, such information uses such words as "estimates", "expects", "plans", "anticipates" and other similar terminology. This information reflects the Company's current expectations regarding future events and operating performance and speaks only as of the date of this news release.
Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information in this news release is based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is provided as of the date of this news release, and, subject to applicable securities laws, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
About Pristine
Pristine was founded in 2002, and is in the business of developing, owning and operating independent power plants that will produce and sell electricity and in some cases, sell process steam to industrial users. Pristine capitalizes on opportunities in the independent power market by actively pursuing the development of dependable, cost-effective and environmental responsible power generation facilities utilizing technology with proven past performance. Pristine pursues a mix of large gas-fired and bioenergy generation and hydroelectric projects and smaller replicable waste heat recovery ERG(R) and bioenergy projects. Pristine currently has three projects under construction, and one under contract and in advanced development. Pristine is actively developing projects in Ontario, British Columbia and Alberta. More information on Pristine can be found on the Company's website at www.pristinepower.ca.