POMPANO BEACH, FL, Sep 17, 2013 - Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has added Joel Mayersohn, an experienced securities and corporate finance attorney, to its Board of Directors. Mr. Mayersohn will comprise an independent seat on the company's Board, as required by national stock exchange rules of governance.
Mr. Mayersohn is a Partner in the Ft. Lauderdale, FL, office of Roetzell & Andress, where he specializes in corporate, securities and business law. He advises a diversified client base in private placements, public offerings, mergers and acquisitions, financing transactions and general securities, as well as corporate law matters. He also has experience in venture capital, bridge loans and pipe financings. Mr. Mayersohn is a member of the Florida and New York Bars, and received his J.D. and B.A from The State University of New York at Buffalo.
Christopher Nelson, President of Cyclone, stated: "We're very pleased to have Mr. Mayersohn join our Board. We have worked with him for the last several years as our outside securities counsel, and I have come to trust and respect highly his vast knowledge and sound judgment. As Cyclone embarks on important changes over the following year from corporate and business perspectives, including pursuing an up-listing of our stock to a national exchange, I know that Joel will be an incredible asset to our team."
Mr. Mayersohn stated: "I am happy to join Cyclone's Board of Directors, where I believe I can help shape and implement the company's growth strategy moving forward. I see the great potential of Cyclone's technology, as well as the work needed to position this company to realize that full potential. I look forward to the opportunity."
About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine -- an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and Chairman Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel -- including bio-diesels, syngas or solar -- while emitting fewer greenhouse gases and irritating pollutants into the air. The Cyclone Engine was recognized byPopular Science Magazine as the Invention of the Year for 2008, and was presented with two Society of Automotive Engineers' AEI Tech Awards. Additionally, Cyclone was named Environmental Business of the Year by the Broward County (Florida) Environmental Protection Department. For more information, visit www.cyclonepower.com.
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Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE: Cyclone Power Technologies, Inc.