DENVER, CO, Aug 04, 2010 (MARKETWIRE via COMTEX) -- American Power Corp. today announced that the Board appointed mining executive Mr. Al Valencia as President and Chief Executive Officer (CEO) on August 1st, 2010.
Mr. Valencia's mining experience is matched by his experience in investment banking and corporate finance. Having earned an M.A. in Economics from Syracuse University, New York, he has held various positions in New York, Washington, DC, and in Latin America. Mr. Valencia has been involved at both the corporate and government level in mining related projects, including working for the Peruvian government and in association with various investment banks such as Credit Suisse on the privatization of mining units (copper, zinc, and lead) in Peru valued in the hundreds of millions of dollars.
"I'm very excited with my appointment as American Power's new President and CEO," commented Mr. Valencia. "With nearly 30,000 acres in Montana's Judith Basin County, we have significant holdings with high potential. Now we can move forward and build on the previous exploration work conducted by ExxonMobil in 1979 and the findings of several other reports on the property that indicate there is up to 410+ million tons of high volatile bituminous coal in place. That's a tremendous opportunity to be part of, and I'm looking forward to maximizing its potential." (All related studies are available for download in the Projects section of the Company website at www.americanpowerco.com)
