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Companies
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2006-12-04 03:36:26-05
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US Energy Initiatives appoints Phil Rappa Chief Operating Officer
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Bangkok, Dec 4: US Energy Initiatives Corporation (OTCBB:USEI) ("US Energy" or the "Company"), an ISO9001 Certified manufacturer of a patent dual-fuel diesel to natural gas technology today announced the appointment of Phillip Rappa as Chief Operating Officer. Mr. Rappa had previously served as the President of the Company's subsidiary Automated Engineering Corporation (AEC). Mr. Rappa's appointment is effective December 1, 2006. "It is with great pleasure that I tap Phil to step into the operating role of USEI," said the Company's CEO Mark Clancy. "Phil holds degrees in business and engineering and an MBA in international finance and has over 30 years experience in hi-tech, hi-volume electronic manufacturing. Among his previous assignments, as President, Phil orchestrated the growth of ABB Ceag Power Supplies from $400,000 to over $202 million in revenues. Phil will now step in to handle all day to day operating activities. As we begin migrating away from a development/turnaround to a conventional operating stage, we want to review some of our accomplishments during the past three years setting the backdrop for 2007," concluded Mr. Clancy. Since the engagement of WhiteKnight and our current management team in January 2004 the Company has, among other things, brought all SEC reports current and successfully moved off the pink sheets to the bulletin board, finalized the core patent product through ISO9001 quality standards and have grown to an international company with over 40 employees staffing a 10,000 square foot state-of-the-art development facility in Peachtree City, Georgia and a 10,000 square foot electronic manufacturing plant in Tampa, Florida. USEI proved the viability of the technology through a contract with General Motors, the world's largest automotive OEM and is currently in the early stages of programs with three additional international OEMs and in early discussions for a new domestic program with a large manufacturer of mid-sized engines. Further, USEI is currently in the midst of domestic programs with the States of New York and Ohio and plans to partner on a program within the State of California which is expected to lead to the Company's first CARB verification. USEI has also recently activated a domestic program with a mining operation to help capture wasted methane which can be used to replace diesel.
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