New CEO Takes Helm of The Alternative Energy Technology Center, Inc.
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HOUSTON--(Business Wire)--The Alternative Energy Technology Center, Inc. (OTC:AETE) announced today that Mr. Brown A. Marks now serves as President and CEO and as Chairman of the Board of Directors. Mr. Marks is an executive with over 30 years of management experience. His prior experience includes ten years with Armco/National Oilwell, (now National Oilwell), (NYSE: NOV) where he was Manager of Business Strategy. He directed worldwide strategic planning, directed development of 5-year business plans and conducted business development activities including acquisitions and technology transfers. From 1992 to 2003 he served as President & General Manager for several Waste Management, Inc. (NYSE: WMI) operations including the State of Louisiana, with responsibility for all landfills, solid waste collection, transfer and recycling operations. Prior to that he has worked for Inland Container Corporation. He is a graduate of the University of Indiana and has completed graduate work at Xavier University and Columbia University. "I welcome the opportunity to make a difference in America's alternative energy future," stated Mr. Marks. "I expect AETE to quickly become a leader in the development and manufacture of alternative fuels from biomass," he noted. "We expect to deliver solutions that will reduce the cost of energy while using nature friendly renewable feed-stocks," he concluded. The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in Woodlands, TX, is a technology company focused on biofuels and alternative energy technologies. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently addresses the post-petroleum energy needs of the United States. 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. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. The Alternative Energy Technology Center, Inc. David Mordekhay, 832-358-0203 Copyright Business Wire 2008
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