NORA Member Vertex Energy, Inc. Announces The Completion Of Its First Full Board Of Directors Meeting Following Its Merger With World Waste Technologies, Inc.
HOUSTON, Texas.-- Vertex Energy, Inc. (OTC BB: VTNR.OB), a leader in the aggregation, recycling and processing of distressed hydrocarbon streams today announced the completion of its first Board of Directors meeting on July 14, 2009, following the company’s merger with World Waste Technologies, Inc. which closed on April 16, 2009, and discussed in more detail in the Company’s June 26, 2009 Securities and Exchange Commission Form 8-K/A filing. Benjamin P. Cowart, Vertex’s CEO and the Chairman of the Board presided over the meeting with Directors John Pimentel (the former CEO of World Waste), Dan Borgen (the Chairman and CEO of U.S. Development Group, LLC), David Phillips (the Managing Partner of Bilateral Initiatives LLP) and Ingram Lee (the President of PTI, Inc.) in attendance.
“We were pleased with the results of our first full meeting of the Board of Directors since our merger was completed,” said Mr. Cowart, CEO of Vertex Energy, Inc. “We have completed all of the necessary transition activities following our merger and are enthusiastic about the combined company’s prospects moving forward. I believe we have a very talented Board of Directors with the relevant skills and experiences to provide the necessary guidance and oversight as we continue to pursue our black oil aggregation, refining and marketing, and alternative energy project development initiatives.”
ABOUT VERTEX ENERGY, INC.
Vertex Energy, Inc. (OTC BB: VTNR.OB) is a leader in the aggregation, recycling and processing of distressed hydrocarbon streams thereby reducing the United States’ reliance on foreign crude oil. Vertex Energy’s focus, as a participant in the alternative energy and environmentally friendly investment sectors, is on creating increased value in the products it manages and produces through a variety of strategies and technologies that facilitate the re-refining of used oil and off specification commercial chemical products into higher value commodities. By creating higher value products from distressed hydrocarbon streams, the Company is positioned to produce both financial and environmental benefits. Vertex Energy, Inc. is based in Houston, Texas with offices in Georgia and California.
This press release may contain forward-looking statements, including information about management’s view of Vertex Energy’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Vertex Energy, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Vertex Energy files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Vertex’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Vertex cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Vertex undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Vertex.
•
del.icio.us
digg
facebook