12.07.2011 00:17:00
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Applied Natural Gas Fuels Announces Personnel Moves
Applied Natural Gas Fuels, Inc. ("ANGF” or the "Company”) (OTCBB: AGAS.OB) announced today that it has named Edward McKenna, Jr. as its new Chief Financial Officer, and has promoted Frank Martelli to the position of Vice President of Operations, and Scott M. Johns to the position of Vice President of Sales.
Prior to joining the Company, Mr. McKenna (age 53) served as a consultant and advisor to several media and technology businesses. From 2005 to 2009, he served as Executive Vice President and Chief Financial Officer for Fox Interactive Media, Inc. and from 2003 to 2005 served as Senior Vice President, Finance for Fox Entertainment Group. Prior to Fox Interactive Media, Mr. McKenna worked as the chief financial officer at several companies in the media and broadcasting industry. Mr. McKenna received a B.S. in Business Administration from California State University, Northridge. He is also a Certified Public Accountant in California, New York, and Illinois.
Mr. McKenna is taking the position of A. Bradley Gabbard, who resigned to pursue alternative employment opportunities close to his home and family in Colorado.
"While we are sad to see Brad go, we are very excited to have Ed join the Company as our CFO. Ed’s broad range of executive experience and tremendous financial and operational management acumen will add significantly to our capabilities to continue to push forward with our aggressive growth plans,” said Cem Hacioglu, President and CEO of ANGF.
Frank Martelli has served as the Company’s Director of Special Projects since May 2010. In his new position, Mr. Martelli will lead the Company’s operations, as well as recruit, train, and motivate personnel managing the Company’s growing activities. "Frank has been a critical member of the management team since joining us a year ago. In a very short period of time, he has established himself as a leader with his exemplary work ethic, critical thinking, and relentless execution capabilities. We will continue to rely on Frank in his new expanded role,” said Mr. Hacioglu.
Scott Johns has served as the Company’s California Regional Sales Manager since November 2009. In his new position, Mr. Johns will manage the Company’s sales on a regional and national basis, assuming responsibility for the continued expansion of ANGF’s sales and marketing program. Mr. Hacioglu stated, "Scott has done a great job in reinvigorating our sales and marketing efforts as well as providing superior service to our customers over the last two years. In his new role, Scott will not only continue to play a critical role in growing our sales but will also work towards expanding the scope of our Sales and Marketing organization to meet the ever growing demand for our products and services.”
ABOUT ANGF:
ANGF produces, distributes, and sells liquefied natural gas (LNG) and compressed natural gas (CNG) to transportation, industrial, and municipal markets in the western United States and northern Mexico. It offers turn-key fuel solutions to its customers, including delivery of clean LNG fuel, equipment storage, fuel dispensing equipment and fuel loading facilities. ANGF processes LNG in its liquefaction processing plant, which is one of the two primary LNG production facilities in the western U.S. with capacity sufficient to service retail, wholesale, and industrial end users. ANGF also provides LNG and CNG storage, fueling and delivery systems, and executes turn-key fuel solutions that include equipment leasing, station installations, safety and training, temporary fueling stations, and LNG and CNG consulting services. For more information, visit ANGF’s website, located at http://www.AppliedNaturalGas.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words "anticipate,” "believe,” "estimate,” "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding ANGF’s current and future strategy, finances, liquidity and capital resources, production capabilities and plan of operations. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission.
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