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ENCC Encompass Compliance Corporation (CE)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Encompass Compliance Corporation (CE) USOTC:ENCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

Energy Composites Corporation Appoints Interim Chief Financial Officer

11/01/2011 2:40pm

Business Wire


Encompass Compliance (CE) (USOTC:ENCC)
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Energy Composites Corporation (“ECC”) (NASDAQ OTC:ENCC) announced the creation of the position of Chief Financial Officer and the appointment of Timothy Sherlock, a current company director, as the Interim Chief Financial Officer. The Company has commenced a national search for a permanent CFO. Mr. Sherlock will continue to serve as a company director and was recently appointed chairman of the Board’s Audit Committee.

“Tim has been a big contributor to ECC as a director, and we look forward to his contributions as the Company’s Interim CFO,” said Jamie Mancl, ECC’s founder and President. “Tim’s broad experience as CFO of publicly traded companies, as well as his expertise in capital structures, will be key as we advance our financing discussions for our new WindFiber™ operations and managing our working capital for the expansion of our ECC Corrosives market. 2011 will be a strong year for ECC, and Tim will be there to help us harness the market profitably for our shareholders.”

In addition to serving on ECC’s Board, Mr. Sherlock has held the CFO position in three public companies – ARI Network Services, Inc., Catalyst International, Inc., and Renaissance Learning, Inc, and is a member of both the American Institute of Certified Public Accountants and Financial Executives International. Mr. Sherlock has nearly 25 years of experience in corporate finance, and is a Certified Public Accountant.

Jim Miller, the 2010 Chairman of the Company’s Audit Committee and current member, added, “I have worked with Tim now on the Audit Committee for sixteen months, and I am happy to see him step up to take on this important responsibility. Tim knows ECC’s business thoroughly, and his expert hand is welcomed at this important time. The rapid scale-up of our ECC Corrosion backlog, coupled with the complex decision-making process that will be associated with choosing between offers from competing states to provide the final site and financing structure for WindFiber™, will benefit from Tim’s expertise. We also hope to have Tim’s replacement, the permanent CFO, in place sometime in the second quarter.”

ECC also announced that the Board had accepted the resignation of Jeffrey Kuentjes from his position as Vice President – Finance.

“We’d like to thank Jeff for his many contributions over the last three years and wish him well with his future endeavors,” said Jamie Mancl the company’s president.

About Energy Composites Corporation

ECC operates a world-class, automated 73,000 sq. ft. climate-controlled manufacturing facility in Wisconsin Rapids, WI, employing advanced composite materials to design, engineer and manufacture complex composite structures, vessels and processing systems for a range of clean-tech applications that include: wind energy system components, flue gas desulfurization for power plants, infrastructure for bio-fuel storage and processing, infrastructure for managing waste water and drinking water, advanced municipal utilities infrastructure, and caustic material storage and handling systems for the petrochemical, mining and the pulp and paper industries. ECC also provides 24/7 field service crews nationwide for wind energy system composites maintenance, repair and overhaul; industrial retrofit, shutdown and maintenance; system installation; and repair and inspection services. For additional information, visit our website at www.energycompositescorp.com or contact Jamie Mancl at 1-800-787-5439.

Certain statements found in this press release may constitute forward-looking statements. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. Such statements are generally identifiable by the terminology used, such as “anticipate,” “believe,” “intend,” “expect,” “plan,” or other similar words. Our forward-looking statements in this release generally relate to our expectations and beliefs with respect to our growth and expansion activities and plans. Although it is not possible to foresee all of the factors that may cause actual results to differ from our forward-looking statements, such factors include, among others, the following: (i) unforeseen delays, costs or liabilities associated with our growth and expansion plans; (ii) fluctuations in general economic conditions; and (iii) those risks described from time to time in our reports to the Securities and Exchange Commission. Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Shareholders and other readers should not place undue reliance on “forward-looking statements” as such statements speak only as of the date of this release. We undertake no obligation to update publicly or revise any forward-looking statements, other than as required by law.

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