WasteMasters, Inc. Names William A. Schureck CEO Of Appalachia Environmental Recovery, Inc.
EL RENO, Okla.--(BUSINESS WIRE)--Dec. 12, 2000
WasteMasters, Inc. (OTC BB:WAST) has named William A. Schureck to the position of Chief Executive Officer of its wholly owned subsidiary Appalachia Environmental Recovery, Inc. ("AERI").
Mr. Schureck has extensive experience through a long and diverse business career that has included raising capital for new ventures.
"I am delighted to be named to this position as a member of the WasteMasters team," said Mr. Schureck. "The recovery projects we are embarking on are historic in nature. Our first alternative fuel manufacturing plant located near New Lexington, Ohio should be in operation within 6 months. With this plant opening AERI will clean up the environment, create jobs and increase value for shareholders."
"Bill's extensive managerial and fundraising experience coupled with his zest for this new project comes during a critical juncture for WasteMasters. WasteMasters seeks to propel AERI forward by creating new business opportunities and diverse revenue streams," said Chairman and CEO of WasteMasters Dr. Leon Blaser. "We are extremely happy to have attracted him to our organization and believe his skills and background will assist us as we take the Company to the next level."
Mr. Schureck most recently Co-Founded Wireless Internet Solutions Provider ("WISP"). WISP combines wireless carriers and emerging technologies for the ISP market in areas such as acceleration software and integrating mobile cellular digital packet data technology in existing legacy systems. WISP clients included Verizon, Morgan Stanley Dean Witter, AT&T and Proctor and Gamble. Mr. Schureck's duties included acquiring initial funding in the start-up phase, while developing the Board of Directors, sales force and management team.
From 1993-1999, Mr. Schureck was with Startec, Inc. He held the position of Vice President of Finance from 1992-1993 and President of Startec Development (a subsidiary of Startec, Inc.) from 1994-1999. Startec specializes in marketing, engineering and installing of Waste-to-Energy systems. Besides leading the subsidiary, Mr. Schureck secured equity funding through private placements for Startec, Inc. totaling approximately $6.0 million.
Mr. Schureck received a B.S. in Mathematics from Western Kentucky State College where he also earned minors in Physics and Chemistry. He has taught Mathematics at the University of Louisville and served as a Signal Corps Officer in the United States Army.
WasteMasters collects, transfers and landfills waste primarily through its operations in Pennsylvania and Ohio. Its subsidiaries process waste products into alternative fuels.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe WasteMasters' hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond WasteMasters' control, will affect actual results. WasteMasters undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with WasteMasters' annual report on Form 10-KSB for the fiscal year ended December 31, 1999 and other filings with the U.S. Securities and Exchange Commission by WasteMasters.