Viking Power Services, Inc. Announces Chairman of the Board
Tuesday December 11, 8:30 am ET
MANALAPAN, NJ--(MARKET WIRE)--Dec 11, 2007 -- Viking Power Services, Inc. ("Viking," "the Company") (Other OTC:VKPW.PK - News) today announced the election of Mr. Raymond F. Wright to Viking's Board of Directors. In addition, Mr. Wright will serve as Chairman of the Board and Acting Chief Financial Officer.
For the last six months, Mr. Wright has been providing advisory services to the Company and has effectively been performing duties typically associated with a Chief Financial Officer. Mr. Wright has been a vital element to developing stronger internal procedures, controls, and accounting functions. In his added capacity Mr. Wright will handle shareholder relations as well as oversee Company audits and corporate governance.
Viking CEO Ray Mancison commented, "As we continue to evolve, Ray Wright has been an increasingly valuable advisory resource, and we all felt that adding Ray Wright to our board as Chairman would be the best way to formalize his involvement and ensure that we have continued access to his vast wealth of corporate governance knowledge."
Mr. Wright is a Canadian Chartered Accountant (CA) by education and has previously served as the operational CFO of Nabisco Brands USA and International. He was instrumental in facilitating the Standard Brands, Inc. and Nabisco, Inc. merger and later left to become the CFO, CIO, and Group Vice President of Tambrands, Inc., which was later acquired by Procter & Gamble. Following his retirement from Tambrands, Mr. Wright enjoys a successful career as a consultant to select emerging companies.
Commenting on the appointment, Mr. Wright noted, "I'm very pleased to join Viking Power in a more formal relationship. As I've worked with Ray Mancison [President] and Jay Sikora [COO], I've come to understand the Viking business model and the tremendous potential there is for the services and skills that Viking can provide to the power generation industry. Together, I believe we can accomplish great things and I look forward to assisting the company to continue increasing shareholder value."
About Viking Power Services, Inc.
Viking Power Services, Inc. is an emerging company that is committed to providing a single-source solution for all maintenance and repair services within the energy provider and plant maintenance infrastructure. Through strategic acquisitions and specialized partnerships the company will continue to deliver expert repair and maintenance services to energy providers and power producers throughout the US.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) our ability to obtain financing in a timely manner and on terms favorable to us, (b) our ability to completely develop our business model, (c) the amount and timing of operating costs and capital expenditures relating to the expansion of our business, (d) the successful implementation of marketing programs directed to potential customers, (e) the ability to identify, negotiate, secure, fund and close potential acquisitions, (f) the ability to identify and enter into favorable strategic alliances; (g) the marketing and sales efforts of our competitors; (h) changes in various sectors that affect our industry and (i) general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Viking Power cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Viking Power does not undertake, and Viking Power specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact:
Contact:
Viking Power Services, Inc.
Ray Mancison
T. 732-446-2300
info@vikingpower.org
** THIS IS NOT AN OPINION TO BUY OR SELL SECURITIES. I am a compensated consultant to Viking Power and have received $6,432 cash (received from the company) plus 120,000 rule144 restricted shares (issued by the company) for consulting services and coverage on PQL Research websites. My shares are under restriction until 02/08 (30K) and 05/08 (90K) - and under Rule144 I cannot sell them until such times. Nothing I post on public message forums is to be construed as anything other than speculation, and investors are cautioned that I have an inherent bias in my viewpoints and opinions about the company. As a consultant for not only Viking Power, but for other public companies, my views and opinions do not necessarily represent the views and opinions of Viking Power, its management, or its shareholders. I am not qualified to render an investment opinion whatsoever and investors should only rely on historically-proven and factual information contained in public press releases and/or filings released by the company for accurate information and representations regarding the company.
AI
