Blue Industries Appoints Two Additional Directors.Business Editors GENEVA--(BUSINESS WIRE)--June 14, 2002 Blue Industries, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLUI) announced today that the board of directors has appointed two additional members, Patrick Gouverneur and Bernard Bouverot, who will serve until the next stockholders meeting. Patrick Gouverneur is an independent director who has 25 years experience in international management, investments and corporate finance. He currently serves as the president of CIF (1) (Common Intermediate Format) A standard video format used in videoconferencing. CIF formats are defined by their resolution, and standards both above and below the original resolution have been established. The original CIF is also known as Full CIF (FCIF). International Corp., a Florida real estate management firm. Previously Mr. Gouverneur was a founder or key management consultant for a variety of entrepreneurial companies. He is a graduate of the Lycee Ste Barbe and the European Business School European Business School is the name of several educational institutions. Most notably:
Bernard Bouverot is an employee of the company who has served as director of technology and manufacturing since 2001. Previously he was a founder or key management consultant for a variety of entrepreneurial technology based companies in Holland, Spain, Italy and France. Mr. Bouverot is a graduate of the information technology program at CNAM (Calling NAMe) An IN (Intelligent Network) service that displays the caller's name on the calling party's digital readout. This is similar to caller ID except that the calling party's name is displayed along with the calling number or instead of the calling number. See caller ID. ( Centre National des Arts et Metiers), Lyon, France and Doctor in Management and Finance (DESS n. 1. Dais. ). Commenting on the new board appointments, the company's president Fernand Leloroux said "Mr. Gouverneur's broad experience in international finance and business development should add a whole new dimension to our board. In addition, Bernard Bouverot's proven management talents are one of the main reasons we were able to report an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for our first quarter of commercial production. Finally, the addition of an independent director should allow us to apply for a listing on the proposed Bulletin Board Exchange later this summer." About BLUE Industries Inc: BLUE Industries is a global leader in the field of safe drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. . The company's water treatment products are based on patented technologies that make it possible to offer drinking water processing facilities to an end user at an installed capital cost of less than fifty cents per gallon of daily capacity. Depending on configuration, the company's current products can process between 1,500 and 15,000 gallons per day. The Company currently serves customers in China, Thailand, Cambodia and Middle East, and is conducting on-site demonstrations in Africa. The Company's goal is to provide enabling technologies and products to satisfy the growing global demand for safe water in domestic, industrial, and agricultural applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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