EarthShell(R) Corporation (OTCBB:ERTH), announced today
that its Board of Directors has elected company President and CEO
Vincent J. Truant as Chairman of the Board. In his role as Board
chair, Mr. Truant will be responsible for providing management and
leadership to the Board in effectively meeting its obligations and
duties. Mr. Truant recently assumed responsibility as EarthShell's
chief executive officer on September 1, 2005 at the election of the
Board.
"The Board fully supports Mr. Truant and we are confident that he brings the essential skills coupled with the strong discipline and leadership necessary to accelerate the company's commercialization efforts, reach revenue generation and effect a return on shareholder investment," said Michael C. Gordon, Board director and audit committee chairman.
"EarthShell's Board of Directors is demonstrating excellent commitment in helping guide the company toward sustaining revenues and advancing the interests of all shareholders," said Vincent J. Truant, chairman and chief executive officer of EarthShell Corporation. "At this time, our primary goals are the commercialization of the EarthShell brand dinnerware line initially through our licensees, coupled with a focus on continued new product development to meet future customer expectations. EarthShell's Board is fully aligned and focused on the activities to best achieve these extremely important milestones."
EarthShell Corporation is engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, such as plates, bowls and cups. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials.
EarthShell foodservice disposable packaging is designed with the environment in mind. Developed over many years using a "life cycle inventory" and in consultation with leading environmental experts, EarthShell products reduce the environmental burdens of rigid food service packaging through the careful selection of raw materials, processes and suppliers. The products are made primarily from natural limestone and starch from potatoes, wheat or corn. The new packaging poses substantially fewer risks to wildlife than polystyrene foam packaging because it biodegrades when exposed to moisture in nature, physically disintegrates in water when crushed or broken, and can be composted in a commercial facility, where available, or in your backyard.
For more information, please visit our web site at www.earthshell.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Form 10-K and other documents filed by the Company with the Securities and Exchange Commission.
"The Board fully supports Mr. Truant and we are confident that he brings the essential skills coupled with the strong discipline and leadership necessary to accelerate the company's commercialization efforts, reach revenue generation and effect a return on shareholder investment," said Michael C. Gordon, Board director and audit committee chairman.
"EarthShell's Board of Directors is demonstrating excellent commitment in helping guide the company toward sustaining revenues and advancing the interests of all shareholders," said Vincent J. Truant, chairman and chief executive officer of EarthShell Corporation. "At this time, our primary goals are the commercialization of the EarthShell brand dinnerware line initially through our licensees, coupled with a focus on continued new product development to meet future customer expectations. EarthShell's Board is fully aligned and focused on the activities to best achieve these extremely important milestones."
EarthShell Corporation is engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, such as plates, bowls and cups. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials.
EarthShell foodservice disposable packaging is designed with the environment in mind. Developed over many years using a "life cycle inventory" and in consultation with leading environmental experts, EarthShell products reduce the environmental burdens of rigid food service packaging through the careful selection of raw materials, processes and suppliers. The products are made primarily from natural limestone and starch from potatoes, wheat or corn. The new packaging poses substantially fewer risks to wildlife than polystyrene foam packaging because it biodegrades when exposed to moisture in nature, physically disintegrates in water when crushed or broken, and can be composted in a commercial facility, where available, or in your backyard.
For more information, please visit our web site at www.earthshell.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Form 10-K and other documents filed by the Company with the Securities and Exchange Commission.
© 2006 Business Wire
