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| 8-K - JTHOMAS TO DIRECTOR - GLOBAL 8 ENVIRONMENTAL TECHNOLOGIES, INC. | gble8k.htm |
EX-99.1 2 gb991.htm PRESS RELEASE DATED MARCH 03, 2011
Exhibit 99.1 Press Release dated March 03, 2011, announcing appointment to
Board of Directors
Source:
Global 8 Environmental Technologies, Inc.
Global
8 Environmental Technologies, Inc.
Announces Appointment to Board of Directors
San Diego - Global 8
Environmental Technologies, Inc. (OTCBB: GBLE.PK), announced today
that John Thomas, a Fort McMurray resident occupying a Senior management
position in one of the largest oil producers in Northern Alberta's oil sands,
has joined Global 8's Board of Directors.
John Thomas
has spent over 35 years in the mining & refining business and has occupied
responsible senior corporate leadership positions for the past two decades. He has
overseen projects with large labor forces and millions of dollars in capital
spending. Mr. Thomas possesses an Advanced Graduate Diploma in Business (honors)
and a Masters Degree in Business Administration (MBA) from Athabasca University.
He started his career in welding and testing, and holds an interprovincial ticket
in the trades (welding), is certified in a wide variety of non-destructive testing
disciplines including Ultrasonics and Radiography, and possesses a private pilot's
license. He has been a shareholder since 2007 and owns 200,000 private placement
shares.
Chairman
of the Board Daniel Wolf spoke highly of Mr. Thomas. "Over the last year and a
half I have worked closely with John and have developed the highest respect for
his integrity, intelligence, and thoughtfulness. Of all the people I have met in
business and civic life I don't think I have met more than a handful who match
him. I think that he will make an enormous contribution to the goal of continuing
to restore integrity to the company and to bringing in business and revenues."
Under prior
management the company had raised tens of millions of dollars from investors but
had failed to embark on a single revenue-producing project, while paying out to
related-party consultants over 80 percent of shareholder equity. Mr. Thomas will
join Mr. Wolf in taking on the challenging job of putting the company back on its
feet, creating revenue, and putting the company on a path to profitability and
raising market value.
Before
making this appointment, for which he possesses full authority as Sole Remaining
Director, Mr. Wolf first sought the opinion of an ad hoc advisory committee
composed of several independent shareholders. Their recommendation was the
appointment of Mr. Thomas. Mr Wolf agreed. The legal authority and responsibilities
of Global 8's Board of Directors will now be shared between these two men.
About
Global 8 Environmental Technologies Inc.
Global 8 Environmental Technologies
Inc. . is a start-up company dedicated to restoring the health of our
planet and showing that responsible en