Viridis Energy Appoints Robert Aaron Chairman of the Board
23 November 2013 - 12:56AM
Access Wire
Vancouver, BC - November 22, 2013 -
Viridis Energy Inc.
("Viridis" or the "Company") (TSXV: VRD), a
"Cleantech" manufacturer and distributor of renewable energy
providing waste biomass fuel to global residential and industrial
markets, announced today that Robert Aaron, a 30 year veteran in
the commodities and financial industries who recently joined its
board of directors, has been appointed Chairman of the
Board.
Mr. Aaron
currently serves as chief executive officer of Gilwern Associates,
an adviser to Viridis Energy's largest shareholder, Cornwall
Investments LLC, holder of 70% of the Company's outstanding stock.
Mr. Aaron also serves as vice-chairman of HedgeServ Corp., a
leading hedge fund and private equity administrator located in New
York, London and Dublin, and vice chairman of Investor Analytics
LLC, a cutting-edge, investment risk management
software-as-a-service provider located in New York. Previously, Mr.
Aaron served as CEO of DPM Mellon LLC (formerly Derivatives
Portfolio Management LLC and currently a subsidiary of The Bank of
New York Mellon Corp.), a provider of administrative and risk
support services to hedge funds. Prior to
DPM, Mr. Aaron was the President of Tricon
Holdings, an international trading firm focused on energy markets
and forest products. He also
served as vice-president of Commodities Corp., a leading commodity
and futures trading firm acquired by Goldman Sachs. Mr. Aaron
received a Bachelor of Science degree in accounting from Fordham
University.
"Bob's background in
commodities, including forestry, naturally cultivated his
relationship with Viridis into a proactive role. Having benefited
from his strategic insight over the last few years, and with his
recent appointment to the board, we decided to further expand his
role to that of chairman," said Christopher Robertson, CEO of
Viridis Energy. "As Viridis
continues the roll out its growth strategy in an expanding
renewable energy market, having the direct involvement of someone
with Bob's talent and drive will augment Viridis' executive
bandwidth to more efficiently address opportunities. Our board and
management team are very pleased that Bob had extended his
commitment to the company through his expanded role as
chairman."
Mr. Aaron added, "Expanding my role
now allows Chris Robertson to focus on our expanding production and
our new trading activity, Viridis Merchants Inc. The executive team
has done a commendable job in building Viridis into one of the
leading wood pellet sources in North America. I'm looking forward
to supporting the evolution of the company into a worldwide leading
provider of biomass."
Viridis Investor Contact:
Yvonne L. Zappulla
Managing Director
Grannus Financial Advisors, Inc.
212-681-4108
Company Contact:
Michele Rebiere
Chief Financial Officer
Viridis Energy Inc
905-847-5226
investorinfo@viridisenergy.ca
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About Viridis Energy Inc.
About Viridis Energy Inc.
Viridis Energy Inc.
(TSXV: VRD) is a publicly traded, "Cleantech" alternative energy
company specializing in the agricultural and wood waste biomass.
Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific
Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass,
thus providing the company with vertical integration for
distribution and manufacturing as well as coast to coast national
presence. For more information on Viridis Energy Inc. please refer
to the company website at www.viridisenergy.ca.
Forward-looking
Statements
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the
Company's future operations. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth
(5) inability to finance the start-up operations in Nova Scotia in
a timely manner (6) inability to retain key management and
employees, (7) an increase in the number of competitors with larger
resources, and (8) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this
news release and the Company intends to update such forward looking
information in the Company's MD&A in the event that actual
results differ materially from such forward-looking statements
contained herein. Additional information about these and other
assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with
Canadian securities regulators.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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