Wednesday, September 24, 2014 12:11:45 PM
http://www.ttengines.com/PR20140814.html
Turbine Truck Engines, Inc. Announces Board and Management Transitions
Paisley, Florida | August 14, 2014
Turbine Truck Engines, Inc. (OTCBB: TTEG) (OTCQB: TTEG) -- Turbine Truck Engines, Inc. (the "Company" or "TTE") announced today that, effective August 13, 2014, Michael Rouse has resigned his position as the Company's Chairman of the Board and Chief Executive Officer and that Phyllis Rouse has resigned her position as the Company's Secretary-Treasurer and member of the Board of Directors.
Michael Rouse will retain his duties and responsibilities as a member of the Company's Board of Directors and President.
The Company also announced today that Enzo Cirillo, a majority stakeholder in Turbine Truck Engines, has been appointed to the Company's board as its Chairman of the Board. Also, Mr. Cirillo has become TTE's interim Chief Executive Officer, effective immediately, until a permanent replacement has been hired.
Additionally, the Company's Board of Directors appointed Christopher David, a long-time TTE shareholder, to serve as both a member of the Company's Board of Directors and the Company's Secretary-Treasurer.
Mr. Cirillo stated: "The new Board of Directors wishes to thank both Michael Rouse and Phyllis Rouse for their contributions to Turbine Truck Engines, Inc. over the last 14 years. Both myself and Mr. David look forward to working with Michael during this orderly transition of the Company's board and Senior Management. We are determined to identify and execute the best path forward to strengthen TTE's balance sheet and increase shareholder value."
Michael Rouse commented: "We are privileged to have Mr. Cirillo as a majority stakeholder, Chairman of the Board and interim CEO. Over the past several years, both Enzo and Chris have acquired a deep understanding of and commitment to our company. Their proven background in driving growth and creating shareholder value is a significant asset to the company and its shareholders."
Mr. Cirillo is the CEO/President/Owner of a number of private companies doing business, in both Canada and the United States, in a variety of industries such as technology, commercial and residential high-rise real estate development, health/fitness facilities and transportation. Enzo is an active private equity investor in both private and public entities worldwide. Mr. Cirillo holds a BA, Math from York University in Toronto. Prior to his business career, Mr. Cirillo was captain of the York University football team preceded by his time playing for the Toronto Athletics, a semi-professional football development team for the Toronto Argonauts of the Canadian Football League.
Mr. David has been a private venture investor for 20 years in both private and public companies. In addition, Mr. David has been an advisor on operational, internal control, marketing and finance matters to numerous small and medium size businesses in the pharmaceutical, bio-tech, television-movie media, real-estate, technology and industrial commodity industries. Prior to Mr. David's professional business career, he retired from the US Navy officer ranks in 1994. Chris holds a BA from the University of Washington.
Ambition with out knowledge is like ship in dry dock, going nowhere FAST!
Please Check out my Favorites DD page here:
http://investorshub.advfn.com/Ecomikes-Favorite-stock-picks-and-Stock-DD-topics-26971/
Recent NVOS News
- Novo Integrated Sciences Reports Fiscal Year 2024 Second Quarter Financial Results • Business Wire • 04/15/2024 08:30:00 PM
- Novo Integrated Sciences Closes on $6,210,000 Securities Purchase Agreement • Business Wire • 04/11/2024 09:00:00 PM
- Novo Integrated Sciences Provides Update on Certain Current Actions and Events • Business Wire • 03/26/2024 06:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:05:40 PM
- Novo Integrated Sciences Subsidiary, Clinical Consultants International, Signs Agreement with Futura Surgicare Pvt Ltd. • Business Wire • 02/21/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 07:00:19 PM
- Novo Integrated Sciences Receives Limited Waiver to Securities Purchase Agreement for $70,000,000 Promissory Note • Business Wire • 02/20/2024 07:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 07:00:26 PM
- Novo Integrated Sciences Appoints New President • Business Wire • 02/16/2024 07:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 10:00:20 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 05:00:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/22/2024 09:31:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 09:30:12 PM
- Novo Integrated Sciences Reports Fiscal Year 2024 First Quarter Financial Results • Business Wire • 01/22/2024 09:30:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 01/16/2024 09:05:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:45:05 PM
- Blacksheep Trust Files Partial Assignment of $1 Billion Dollar Gold Backed Bond to Novo Integrated Sciences • Business Wire • 12/19/2023 09:30:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 12/14/2023 10:01:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 10:00:31 PM
- Novo Integrated Sciences Reports 2023 Fiscal Year Financial Results • Business Wire • 12/14/2023 10:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 06:20:09 PM
- Novo Integrated Sciences Signs Master Collaboration Agreement with Psychocare Health Pvt. Ltd. India • Business Wire • 12/05/2023 05:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 04:30:12 PM
- Novo Integrated Sciences’ Purchase and Sale Agreement to Acquire Ophir Collection Receives Court Approval • Business Wire • 12/04/2023 04:30:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 11/29/2023 09:05:15 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM