Terra Systems, Inc. Announces New Members to Its Board of Directors
16 May 2007 - 12:00AM
PR Newswire (US)
SALT LAKE CITY, May 15 /PRNewswire-FirstCall/ -- Terra Systems,
Inc. (OTC:TSYI) (BULLETIN BOARD: TSYI) - Terra Systems, Inc.
("TSYI") of Salt Lake City, Utah is pleased to announce the
appointment of new independent members to its Board of Directors.
The new members are: Frederick W. Buckman Sr., Reynold Roeder and
Jerry Robert ("JR") Key. In addition, Brent M. Cook will join TSYI
as a Consultant to the Board of Directors. Frederick W. Buckman,
Sr. -- Mr. Buckman has extensive experience in leadership. Buckman
was a co-founder and former Chairman and CEO of Trans- Elect, Inc.,
the first independent owner and developer of electrical
transmission systems in the U.S. From 1994 to 1998, Buckman served
as President and Chief Executive Officer of PacifiCorp. Prior to
joining PacifiCorp, Buckman was President and Chief Executive
Officer of Consumers Power Co., the utility subsidiary of CMS
Energy. Buckman serves as a member of the board and Lead Director
of StanCorp Financial Group. He also serves as a member of the
board of InfraSource Services, Inc. and MMC Energy. A graduate of
the University of Michigan with a bachelor's degree in science
engineering, Buckman received his doctorate in nuclear engineering
from the Massachusetts Institute of Technology and attended the
advanced management program at Harvard Business School. Reynold
Roeder -- Mr. Roeder brings over 25 years experience in operations,
accounting, finance, investment banking and strategic planning with
Portland Family of Funds, United Fund Advisors, LECTRIX LLC,
PacifiCorp, and Deloitte & Touche. Mr. Roeder's management
experience includes building several organizations from the ground
up, structuring and negotiating large scale transactions and
helping create industry standards in IRC Section 29 tax credits for
synthetic fuels produced from coal. Mr. Roeder serves on the Board
of Directors of Raser Technologies and is the CEO of LECTRIX LLC, a
developer of merchant electrical transmission lines. During his
career, Mr. Roeder has held CPA licenses in the states of New York,
California and Oregon. Mr. Roeder graduated with honors in Business
Administration from Portland State University. J.R. Key -- Mr. Key
has served in various senior positions during his career. He served
as superintendent for Bankhead Mining Co., Jefferson Coal Co. and
Cobb Coal Company in Alabama. He was General Manager of P.V. Mining
Co. in Indiana. He later served as Vice President and General
Manager of Bridger Coal Co. in Wyoming. From 1994 to 1997 he held
the position of Director of Technical Services at InterWest Mining
Company (a division of PacifiCorp) in Salt Lake City. Mr. Key
became involved in the Section 29 projects with PacifiCorp in 1996.
He presently oversees operations of the four synfuels plants for
Synfuel Management, LLC. Mr. Key has over 35 years of coal industry
experience. Brent M. Cook -- Mr. Cook is the Chief Executive
Officer of Raser Technologies. Previously, Mr. Cook was President
of Headwaters, Inc., a billion dollar NYSE listed energy and energy
technology company. He served with Headwaters from 1996 to 2002 in
positions including CEO, President, and Chairman of the Board of
Directors. Prior to his Headwaters career, Mr. Cook was Director of
Strategic Accounts, Utah Operations, at PacifiCorp, an electric
utility servicing seven western states. Clayton Timothy, CEO of
Terra Systems, Inc. stated: "Messrs. Buckman, Roeder, Key and Cook
bring to Terra a wealth of management and public company expertise
that will greatly benefit Terra Systems, Inc. Each has established
a tremendous track record and is respected as an industry leader.
The appointment to the Board of these individuals is another key
step in the planned development and growth of Terra." Terra
Systems, Inc. is a clean energy technology company incorporated in
1996 focused on advanced clean energy generation, enhancement and
utilization of waste coal and upgrading of specialty carbon
products. Please refer to http://www.tsyi.com/ for more information
on Terra Systems, Inc. Note: Certain statements contained herein
may be forward-looking statements within the meaning of federal
securities laws and Terra Systems, Inc. intends that such
forward-looking statements be subject to the safe- harbor created
thereby. Forward-looking statements include Terra Systems, Inc.
expectations as to the managing and marketing of its businesses
within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding future events and our future results that are
based on current expectations, estimates, forecasts, and
projections about the industries in which we operate and the
beliefs and assumptions of our management. Actual results may vary
materially from such expectations. Words such as "expects,"
"anticipates," "targets," "goals," "projects," believes," "seeks,"
"estimates," variations of such words, and similar expressions are
intended to identify such forward- looking statements. Any
statements that refer to projections of our future financial
performance, our anticipated growth and trends in our businesses,
and other characterizations of future events or circumstances, are
forward- looking. Although Terra Systems, Inc. believes that its
expectations are based on reasonable assumptions within the bounds
of its knowledge of its business and operations, there can be no
assurance that our results of operations will not be adversely
affected by such factors. Unless legally required, we undertake no
obligation to revise or update any forward-looking statements for
any reason. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this statement. DATASOURCE: Terra Systems, Inc. CONTACT: George
Ford of Terra Systems, Inc., +1-801-208-1289 Web site:
http://www.tsyi.com/
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