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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Petrosonic Energy, Inc.    PSON


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2015Petrosonic Energy, Inc. Adds New President and COO to Its Leadership Team
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Petrosonic Energy, Inc. Adds New President and COO to Its Leadership Team

12/03/2015 | 08:48am EST

CALGARY, Alberta, Dec. 3, 2015 (GLOBE NEWSWIRE) -- Petrosonic Energy (OTC:PSON) reported today that Keith R. McGee will become the company's President and Chief Operating Officer (COO) effective immediately. Mr. McGee, who is a principal at RockReef Advisors, LLC., has recently been advising the company regarding business planning and funding the commercialization of Petrosonic's Sonoprocess™ for advanced separation applications in the oil and gas industry.

Mr. McGee has most recently served as Senior Vice President at Midwest Energy Emissions Corp., an emerging leader in mercury emissions control technology for the global coal-power industry. There he was responsible for a number of areas instrumental to the company's funding, as well as marketing and business development. A veteran of the financial services industry with institutional equity experience at the investment bank Morgan Stanley and as a hedge-fund manager thereafter, Mr. McGee brings dynamic leadership in corporate finance and energy-technology to Petrosonic's technology offering, as the Company embarks on its strategy to fully commercialize its Sonoprocess™ technology.

"Keith brings to us a unique and important background in energy-finance and corporate leadership, and has recently served as a senior officer in the energy services industry," said Petrosonic CEO Art Agolli. "He is highly process oriented, and understands the needs of small energy technology companies, and we are excited to welcome him to the Petrosonic team. With Keith's guidance, we are eager to generate significant value creation with our Sonoprocess™ technology, and to deliver our shareholders and the marketplace a technology unlike those in the energy industry today."

"Petrosonic is bringing to market a wonderful technology for the liquid-hydrocarbon industry at a time when environmental protection and cost-effectiveness are in high demand," Mr. McGee offered. "The opportunity that exists for the Company is familiar to me, and I am very excited to generate value for shareholders and in the marketplace, as our team advances this exciting technology in the energy industry. I personally am eager to bring forth an active dialogue with shareholders and investors as the Company executes on an aggressive business plan ahead, and expect to generate meaningful dialogue with energy-industry prospective customers, as things evolve."

About Petrosonic Energy, Inc.:

Petrosonic Energy, Inc. delivers innovative technologies to the energy sector. The primary focus is to provide technologies that separate and decontaminate hydrocarbons economically and in an environmentally friendly manner. The Company's patented Sonoprocess™ uses sonic energy to effectively remove contamination from a variety of hydrocarbon streams.

Forward-Looking Statements Disclosure:

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

CONTACT: Keith McGee (732) 403-7684, e-mail keith@petrosonic.net

© GlobeNewswire 2015
2015Petrosonic Energy, Inc. Adds New President and COO to Its Leadership Team
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Managers and Directors
Artan Agolli Chief Executive Officer & Director
David R. Wells Chief Financial Officer
Gerald W. Bruce Chief Technology Officer
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