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Corporate Social Responsibility
News
11.06.2006 - 08:17am ET
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World Waste Technologies, Inc Appoints President and Chief Operating Officer
Industry Veteran from Weyerhaeuser Added to Operating Team
(CSRwire) SAN DIEGO--(BUSINESS WIRE)--Nov. 6, 2006--Dr. Jim Ferris, currently a
Director at World Waste Technologies, Inc. (OTCBB:WDWT) has agreed to join
the company in a managerial role as President and Chief Operating Officer.
In this role he will be responsible for overseeing the day-to-day
operations of the company, including Plant #1 in Anaheim which was
constructed and commissioned in the first half of 2006. The plant is
currently running in a controlled start up mode while the Company
evaluates the installation of additional materials processing and water
treatment equipment.
"We are delighted to have attracted such a strong executive with
industry experience and knowledge," said John Pimentel, Chief Executive
Officer of World Waste Technologies, Inc. He continued, "Jim brings the
leadership to effectively set our organizational direction and motivate
employees at all levels to achieve our operating goals. Furthermore, we
believe that his experience at Weyerhaeuser and the Institute of Paper
Science and Technology will be valuable to our company."
Dr. Ferris joined the World Waste Technologies, Inc. Board of
Directors in 2004 and has taken a strong role in assisting management with
the commercialization of the Company's Quadra-C unbleached pulp product. He
recently undertook a more active consulting role in general management with
the company which led to his appointment to the current position of
President/COO.
"I look forward to this new challenge. The Company has turned
municipal solid waste into cellulose biomass and unbleached fiber for
paper makers, however, we still face operational challenges as we focus on
improving the cost effectiveness and scalability of the process," said Dr.
Ferris. "I am also pleased that my appointment will free up managerial
resources to pursue our additional product opportunities such as creating
energy from our cellulose biomass."
Dr. Ferris was the President and Chief Executive Officer of the
Institute of Paper Science and Technology from 1996 to 2003. Prior to
holding that position he was a long-time employee of the Weyerhaeuser
Company where he began his engineering career in manufacturing and
progressed through many business and research positions to become Vice
President of Research for Pulp, Paper, and Packaging from 1988 to 1996.
Dr. Ferris' specific areas of expertise include: Management systems
and business processes, Corporate- Level Visioning; Strategy Development,
Organizational Performance Improvement as well as management of
technology, new product development and R&D.
He served as a member of the board of directors of Albany
International from 2000 - 2004 and has been a trustee of the Institute of
Paper Chemistry Foundation since 2003. Dr. Ferris completed the Advanced
Management Program at Harvard Business School in 1992, received his Ph.D.
(1972) and M.S. (1969) from the Institute of Paper Chemistry at Lawrence
University, and obtained his B.S. in Chemical Engineering from the
University of Washington in 1966.
About World Waste Technologies, Inc. World Waste Technologies, Inc. is
seeking to commercialize a patented technology that management believes
will allow a significant amount of Municipal Solid Waste (MSW) to be
recycled. A major component of MSW is paper-based material, and the
company's technology converts paper, cardboard, and paper packaging found
in MSW into a cellulose fiber material that can be sold to box and paper
manufacturers or potentially be used in making other products. The company
recently completed construction of its initial facility in Anaheim,
California.
The contents of this press release are presented as a general overview
of the company. This release is intended only to contain general
information regarding the company and its business and does not purport to
provide complete disclosure or analysis of all matters that may be relevant
to a decision to invest in the company. In addition, certain matters
discussed in this release may constitute "forward-looking statements".
Actual results and the timing of certain events may differ materially from
those indicated by such forward-looking statements due to a variety of
risks and uncertainties, many of which are beyond the company's ability to
control or predict, including, but not limited to risks and uncertainties
outlined in the company's periodic reports filed with the SEC. Other risk
factors may include, but are not limited to, the company's ability to
successfully implement its business strategy, including its ability to
produce and sell product at commercial levels and adequate prices and the
acceptance of its product by potential customers and by the market in
general, the ability of the company to achieve profitability even if it is
able to sell its product at commercial levels, the company's ability to
raise subsequent financing in order to build additional facilities,
fluctuations in quarterly results, increased competition, the economical
operation of the company's process, and the company's ability to protect
the proprietary technology it uses. Further, the company operates in an
industry sector where securities values are highly volatile and may be
influenced by economic and other factors beyond the company's control,
such as announcements by competitors and service providers. The statements
made herein are made as of the date of this release, and the company
undertakes no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Copyright Business Wire 2006
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