Global Energy Group, Inc. Announces Election of Jim Majewski to Board of Directors.PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. -- Global Energy Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GENG) (the "Company") announced today the election of Mr. James ("Jim") W. Majewski to fill the vacant director's seat left open when Mr. Carlos J. Coe resigned. Mr. Majewski is Chief Executive Office and President of Cherokee Nations Industries, Inc. ("CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. ") a tribal owned Oklahoma corporation. CNI currently manufactures the Company's products and an affiliate of CNI, Cherokee Nation Distributors, L.L.C., distributes the Company's products. In addition, CNI has entered into a Unit Purchase Agreement, dated May 18, 2005, with Global Energy Acquisition Group, L.L.C. and the owners of Global Energy Distribution Group, L.L.C., which, if consummated, would result in CNI acquiring at least 51% of the fully diluted voting power in the Company. The Unit Purchase Agreement is subject to numerous conditions precedent to its consummation. Mr. Majewski has for over thirty years been an executive officer of several manufacturing companies with responsibilities in all areas of management. He was recruited to CNI to build up the non-gaming activities of the Cherokee Tribe and has more than tripled revenues during his tenure to in excess of $100 million annually. Jim's experience has been broad in nature and includes avionics, telecommunications, power generation, industrial and governmental applications. Prior to joining CNI, Mr. Majewski was Vice President of Operations for Tracewell Power, Inc. an electronic power supply manufacturer for the telecommunications industry since January of 2000. Jim served BH Thermal Corporation (manufacturer of industrial heating and controls) in the same role from November of 1996 until joining Tracewell Power. Previously, Jim was Vice President / General Manager of Whittaker Electronic Resources and a predecessor which manufactures high-grade, high-temperature wire and connectors used in the aircraft, petrochemical and power generation industries. Mr. Majewski earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Degree in Electrical Engineering at Florida Institute of Technology Florida Institute of Technology is an independent technical college located in Melbourne, Florida (Brevard County), United States. It was founded by Jerome P. Keuper on September 22, 1958 as Brevard Engineering College, absorbing the University of Melbourne, and changing its name . Except for the historical and factual information contained herein, this press release contains forward-looking statements, which are made pursuant to the "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. " provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act Reform Act of 1995. Investors are cautioned that the accuracy of such forward-looking statements is necessarily subject to uncertainties and risks including no assurances that the Unit Purchase Agreement will be consummated and the risks detailed in the Company's filings with the Securities and Exchange Commission, including its 2004 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . The Company does not undertake to update the disclosures contained in this press release. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion