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UVSS Universal Systems Inc Washington (CE)

0.0001
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Universal Systems Inc Washington (CE) USOTC:UVSS 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

Frank Perkins Joins USI as Chief Operating Officer; Gerald Bell Joins as Vice President of USI Cable Division

29/04/2009 5:10pm

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Universal Systems Inc Wa... (CE) (USOTC:UVSS)
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Universal Systems, Inc. (PINKSHEETS: UVSS) announced today two key appointments. Frank Perkins was named Chief Operating Officer, reporting to USI Chief Executive Officer Kevin Chambers. Before joining USI, Perkins, 50, was a Directorate Manager for CAS, Inc. (a wholly owned subsidiary of ITT Corporation) in Huntsville, Alabama. USI also named Gerald Bell to the newly created position of Vice President of USI Cable Division. Bell, 63, comes to USI from Energy Independence, Inc., where he served as Chairman.

Before joining USI, Frank Perkins spent 8 years with CAS, Inc., a defense contractor headquartered in Huntsville, Alabama, where he managed the Information Technology Division and the Prototyping and Integration Division. Frank also served as Program Manager on a large, multi-task engineering services contract awarded to CAS by the U.S. Government. Prior to this Frank managed several contracts awarded to Nicholas Research Corporation by the U.S. Government for production of advanced training devices for STINGER-based missile systems. He holds a bachelor's degree in electrical engineering from the University of Alabama in Huntsville.

"USI has spent the past two years assembling the processes and tools to provide waste management services in the petroleum industry. Frank's experience in engineering and management and depth of understanding in building and maintaining infrastructure will be invaluable assets as he positions USI to capitalize on its investments," said Kevin Chambers, President and Chief Executive Officer, USI.

In his new role as Vice President of USI Cable Division, Gerald Bell will oversee salvage of the submarine cable held by USI. Bell will be responsible for salvage operations including survey, recovery, transportation and disposition of the metals recovered. Bell brings 40 years of experience in shipping operations and equipment, and demonstrated management of marine projects. Through his career, he has developed a solid network of key individuals in the marine community worldwide.

"The objective in bringing Jerry aboard is to coordinate the several entities necessary and to oversee execution of the salvage effort," said Chambers. "Given his experience in managing projects of similar scope and complexity, and his contacts in the marine community, I am confident he will move USI forward quickly on this project."

About Universal Systems, Inc.

Universal Systems, Inc. (USI) is a publicly traded holding company focused on providing economically and ecologically viable water and wastewater treatment solutions. USI offers a FULL SERVICE turn-key water treatment services, specializing in "slop oil" and CBM (Coal Bed Methane) produced water.

In 2007, USI obtained an exclusive worldwide licensing agreement to provide slop oil and processed wastewater treatment services to the oil industry. The company's mission is to become the leader in the development and delivery of cost effective slop oil and processed wastewater treatment. USI joined Powell Water Systems, Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS's patented electrocoagulation technology to the oil industry, making large flow waste oil, and water treatment efficient and cost effective.

More recently, USI has discovered the immediate need to become involved in building, owning, and operating centralized produced water processing facilities. This service is widely needed wherever natural gas is produced. The diminished capacity to handle processed water from natural gas production is causing some production wells to be shut in until alternative-treatment plants can be brought on line. As tougher water discharge regulations are imposed, the need for these services becomes even greater.

USI's business plan for expansion includes the purchase or acquisition of other specialized trade service companies that will complement and enhance the overall product and service offering of the company.

Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995:

The Private Securities Litigation Reform Act of 1995 (the "Reform Act") provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information, as long as those statements are identified as forward-looking and are accompanied by cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the forward-looking statements. Universal Systems, Inc. desires to take advantage of the safe harbor provisions of the Reform Act. All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect the Company. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws. In addition, it is our policy generally not to make any specific projections as to future earnings, and we do not endorse any projections regarding future performance that may be made by third parties.

Universal Systems, Inc. is traded on the OTC Exchange under the symbol UVSS. More information is located at the website: universalsystemsinc.net

Contact: Kevin Chambers info@universalsystemsinc.net

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