Vital Trust Announces the Acquisition of Renewable Fuels Consulting.Michael LoCascio Joins Vital Trust Team as Chief Technology Officer TAMPA, Fla. -- Vital Trust Business Development Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VTBD) ("VTBD" or the "Company") announces an agreement to acquire Renewable Fuels Consulting (RFC (Request For Comments) A document that describes the specifications for a recommended technology. Although the word "request" is in the title, if the specification is ratified, it becomes a standards document. ), a private consulting firm based in Mason City, Iowa Mason City is a city in Cerro Gordo County, Iowa, United States. The population was 29,172 at the 2000 census (2005 estimate 27,909) and has stayed close to 30,000 since 1995. It is the county seat of Cerro Gordo County. . Under the terms of the Agreement, the Company will issue an undisclosed amount of stock to Renewable Fuels Consulting and anticipates completing the transaction upon completion of the Company's election to withdraw from being treated as a business development company under the Investment Company Act of 1940. RFC specializes in providing technical solutions to renewable energy production plants. In addition RFC has a pipeline of developing technologies that can integrate into existing production facilities as well as related stand alone projects. These projects include: Sweet Sorghum sorghum, tall, coarse annual (Sorghum vulgare) of the family Gramineae (grass family), somewhat similar in appearance to corn (but having the grain in a panicle rather than an ear) and used for much the same purposes. ethanol, microwave gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas and biodiesel production from corn oil recovered from dry mill ethanol operations. As part of the transaction, Michael LoCascio, RFC's founder, will join the Company's team as Chief Technology Officer. "This is the first in a number of strategic acquisitions that not only bring revenue to the Company but build our team for future growth," commented Alex H. Edwards III, Vital Trust CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Mike LoCascio brings the educational background and industry experience that we are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. as we grow the organization." Mr. LoCascio has served as a self employed consultant acting as Chief Technical Officer and Project Manager for Renewable Energy Resources since 2008. From 2005 to 2007 Mr. LoCascio served as the Chief Technical Officer and Principal of Core Ventures Renewable Fuels in which time CVRF lead the development and active management of a 30 mm gpy continuous flow biodiesel plant. From 2000 to 2005 Mr. LoCascio served as the head of ethanol project design and sales for US Water Services, the largest supplier of water processing equipment, chemicals and services to the dry mill ethanol industry. In that role Mr. LoCascio was involved with numerous industry firsts including the use of reverse osmosis reverse osmosis n. The movement of a solvent in the opposite direction from osmosis in such a manner that the solvent moves from a solution of greater concentration through a membrane to a solution of lesser concentration. water purification equipment to manage plant discharge, the design, implementation and operation of the first zero liquid discharge ethanol plant in the country and the first sales person to gross 1 million in new business in a single year. From 1999 to 2000 Mr. LoCascio was a self employed consultant setting up ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and MRPsystems for industrial processing facilities. From 1998 to 1999 Mr. LoCascio served as a business integration and engineering supervisor for Kaydon Fluid Power Corporation in the company's effort to buy and integrate 5 separate hydraulic cylinder manufacturing firms. From 1994 - 1998 Mr. LoCascio served as a sales engineer for Nalco Chemical. From 1989 - 1993 Mr. LoCascio served in the United States Marine Corp as a pilot, heavy equipment company commander, air support control officer. Mr. LoCascio is a 1989 graduate of Iowa State University Academics ISU is best known for its degree programs in science, engineering, and agriculture. ISU is also home of the world's first electronic digital computing device, the Atanasoff–Berry Computer. with a BS in Nuclear Engineering. Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of 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. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statement concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VitalTrust actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance. For More information please visit www.renwenergy.com. |
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