IRVING, Texas, Jan. 14 /PRNewswire-FirstCall/ -- North American Technologies Group, Inc. (BULLETIN BOARD: NAMC) , world leader in engineered composite railroad ties, announced management changes in finance, manufacturing and marketing.
NAMC'S Chief Financial Officer, Mr. Mahesh Shetty, announced his resignation as of January 11, 2008. A search for a new Chief Financial Officer is currently underway.
In further announcements, Mr. Rod Wallace has been promoted to the position of Vice President of Manufacturing. Mr. Wallace has extensive background in manufacturing and specific expertise in polymer products manufacture. It was also announced that Mr. Dennis Guth has joined NAMC as Vice President of Sales and Marketing. Mr. Guth joins NAMC with an extensive background in rail, intermodal and logistics operations.
Alex Rankin, NAMC's Chief Executive Officer, said, "Mahesh Shetty will certainly be missed. He has been an integral part of NAMC'S management and his willingness to support transitioning of the Company's financial leadership speaks to his dedication to the Company's success. We are confident in our operational and financial controls and processes, which Mahesh helped develop. On behalf of myself, the Board and the entire North American Technologies team, we thank Mahesh for his service.
"Other management changes at the company will strengthen the Company's management team and our operational and strategic effectiveness. Both Rod Wallace and Dennis Guth are accomplished professionals in their respective fields and we look forward to their contribution as integral team members. Their appointments mark further progress in strengthening the Company's managerial structure and the effectiveness with which we can focus on key result areas."
About NAMC
North American Technologies Group, Inc., through its wholly owned subsidiary TieTek(TM), produces high-performance railroad ties and other engineered products. TieTek uses patented technology to process recycled materials and mineral additives to manufacture engineered products that last longer and perform better than hardwood or concrete alternatives in structural applications. The Company's securities are quoted in the over-the-counter market under the symbol "NAMC". The Company's website is found at: http://www.tietek.com/.
Contact:
Joe Dorman
(972) 819-3676
