HOUSTON, Sept. 21, 2012 -- Minerco Resources, Inc. (OTC.BB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today that Mr. John Powers has been named President, CEO and Principal Executive Officer of the company.
Mr. Powers has worked more than fifteen years in the alternative energy and high tech, retail supply industries. Since 2008, Mr. Powers has served as the CEO of Storm Alternative and Renewable Energy Corp. (SAREC). SAREC develops alternative energy solutions specializing in waste to energy technology and facilities.
Mr. Powers was instrumental in energy management and recycling operations at Digital Equipment / Hewlett Packard. He managed multiple multi-faceted facilities, including inventory and operations with an annual budget of US$20 million, while with Digital Equipment. Mr. Powers received a Bachelors of Science Degree in Business Administration from Southern New Hampshire University in 1992.
Mr. Powers will use his unique operations and management experience to expand and implement the company's progressive business model. Mr. Powers said "I am extremely honored and excited to join Minerco to help the company realize its progressive and diverse business vision. Through existing business models and a few new ideas based on my expertise, I am determined to successfully deliver value to Minerco's shareholders."
"The company is very pleased to announce Mr. Powers as its new President and CEO. He brings a wealth of experience and fresh ideas to the company. The success of Minerco largely relies on the strength, experience, creative ideas and enthusiasm of our people. Mr. Powers fits the company mold perfectly. His energy and management experience will have an immediate impact on our company," said V. Scott Vanis, Chairman of Minerco Resources.
V. Scott Vanis resigned as President and CEO of Minerco effective September 21, 2012 but will remain with the company as the Chairman of the Board of Directors to ensure continuity for the company and its shareholders. On September 21, 2012, Sam J. Messina also resigned from all positions (CFO, Director, Secretary and Treasurer) with the company.
MINERCO RESOURCES, INC.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
SOURCE Minerco Resources, Inc.