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Corporate Social Responsibility
News
12.14.2006 - 08:09am ET
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World Waste Technologies Appoints Veteran Waste-to-Energy Industry Executive Dave Gutacker to Board of Directors
(CSRwire) SAN DIEGO, Calif.--(BUSINESS WIRE)--Dec. 14, 2006--World Waste
Technologies, Inc. (OTCBB:WDWT) today announced that it has appointed Mr.
David Gutacker to its Board of Directors.
Mr. Gutacker is a long-time waste and energy industry operating
executive whose 35-year career includes president and COO of American
Ref-fuel, a $2 billion waste-to-energy company which became part of
Covanta (NYSE:CVA) (www.covantaenergy.com), and senior
plant construction and operation manager at Occidental Chemical.
As a member of the board, Mr. Gutacker will spearhead the Company's
effort to analyze and commercialize its technologies for conversion of
municipal solid waste into energy products and ethanol. He will also
assist in project management, construction management and scaling
operations as the company makes plans to develop and operate future
projects. Mr. Gutacker will replace Thomas L. Collins on the board of
directors who is stepping down from the board and who remains with the
company.
"Dave Gutacker's addition to our Board adds significant expertise, and
is an important part of our strategy to recycle municipal solid waste (MSW)
into usable end products through the application of our patented and
proprietary technology," said John Pimentel, CEO.
"Our initial plant in Anaheim has now processed over 2500 tons of MSW
into cellulose biomass. We have primarily used this cellulose to produce
paper products, and we are investigating the production of other products,
including energy products including electricity, steam and ethanol. Dave
will be a great help as we pursue these energy production strategies,"
continued Pimentel.
"Dave's background as a waste industry pioneer and veteran
waste-to-energy industry executive is an ideal addition to the company's
leadership as we execute our strategy to expand beyond paper pulp and into
the renewable energy sector," said Pimentel. "We are delighted to have
someone of Dave's exceptional caliber join our board."
Mr. Gutacker has 35 years experience as an industrial executive
specializing in waste and energy plant construction, operations and
management. Currently, he serves as chief executive officer of Gutacker
Group, a consulting firm specializing in evaluating and improving
waste-to-energy production projects. Previously, he was interim president
and CEO of Agrifos Fertilizer where he led a highly successful two-year
turnaround of that company.
Prior, Mr. Gutacker spent 14 years with American Ref-fuel, advancing
from its first plant manager to president and chief operating officer of
this premier $2 billion waste-to-energy company. Earlier, he served 14
years with Occidental Chemical managing complex engineering and industrial
plant operations -- including plant manager of one of the first
waste-to-energy facilities in the U.S.
"I am excited by the potential to bring my skills and network to the
solid team of professionals at World Waste," said Mr. Gutacker. "I've been
converting solid waste into higher value energy products for most of my
career, and I look forward to helping World Waste commercialize and expand
this technology."
Mr. Gutacker earned his B.S. in Industrial Technology from the
University of New York, and his MBA from Canisius College, Buffalo, NY.
Company Update
In the paper products area, World Waste has now successfully supplied
over 350 tons of wetlap pulp across three paper companies. "We are now in
the process of incorporating what we have learned and what we continue to
learn in the design, construction and operation of Plant #1 into the
development of sites and designs for additional plants," said Pimentel.
The Company believes the preferred sites and designs will have certain
characteristics, including a relatively high volume of MSW, a desire by
the community to increase recycling rates to minimize the amount of this
waste being disposed of in landfills, and relatively high landfill tip
fees. Meanwhile, the Company continues its controlled start up process at
Anaheim Plant #1 to determine the optimum level of operations. This start
up process continues to include occasional and extended operational
stoppages for a variety of reasons including the installation and upgrade
of equipment at the plant.
In the energy products area, the Company is investigating a variety of
alternatives for unlocking the natural energy stored within our cellulose
biomass product and our other residual product streams. These products
include the use of gasification technologies to produce "green"
electricity, syngas, steam, biofuels, and other products from MSW.
In the ethanol area the Company is investigating the feasibility of
converting its cellulose biomass product into ethanol using acid and
enzymatic hydrolysis processes. "Based on our preliminary analysis, we
believe our cellulose biomass has certain characteristics that may make it
a viable raw material for the production of ethanol, and we will continue
our work on how to best to develop these processes at a commercial scale,"
said Pimentel.
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 processed and sold to box and paper manufacturers, or
potentially be used in making other products such as energy products
including electricity, syngas, biofuels, and ethanol. The company recently
completed construction of its initial facility in Anaheim, California.
Safe Harbor Statement
All statements regarding potential results and future plans and
objectives of World Waste contained in this press release, are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from our expectations include, but are not
limited to, those factors that are disclosed under the heading "Risk
Factors" and elsewhere in our documents filed from time to time with the
Securities and Exchange Commission. Other risk factors may include, but
are not limited to, our ability to obtain financing on acceptable terms,
or at all, cost overruns in connection with the construction of our plant,
working capital constraints, fluctuation in quarterly results, and
increased competition for the fields targeted by the company, our ability
to commence operations as scheduled, the economical operation of the
process we intend to operate and our ability to protect the proprietary
technology we use. 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 contents of this press release are presented as a general overview
of the company. It 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 which may be relevant to a
decision to make an investment, including all risk factors or similar
considerations. Although the information is believed current as of the
date herein, the information may be subject to change, amendment or
supplementation, and the company does not expect, and assumes no
obligation, to update or otherwise revise the information herein.
Copyright Business Wire 2006
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