KANSAS CITY, Mo., Oct. 19, 2006 (PRIMEZONE) -- Kansas City-based Alternative Energy Sources Inc. (OTCBB:AENS) today announced the appointment of J. B. Voss and Verlin J. Friedly to key management positions.
Voss has been named vice president of business development with responsibilities including the permitting of greenfield sites for construction of ethanol plants. As plants move into production his title will become vice president of DDGS (distillers dried grains) merchandising. A graduate of Millikin University in Decatur, Ill., Voss was a 17-year veteran of Archer Daniels Midland, most recently as senior merchandiser in the Kansas City area, responsible for the Southwest soymeal markets. In this position he oversaw sales and procurement of all inputs and products equaling more than 1.4 million tons, worth more $270 million annually. "Voss brings a large portfolio of key relationships in the feed industry, which will add value to future DDGS sales for AENS," says Lee Blank, executive vice president and chief operating officer.
Friedly has been appointed director of engineering/grain and logistics. He is responsible for dry-product handling facilities and track infrastructure to handle unit trains of ethanol, DDGS, grain and coal. Friedly holds bachelor's and master's degrees in mechanical engineering from Colorado State University in Fort Collins. He joined ADM in 1995 as a project manager overseeing capital improvements at ADM's grain-handling facilities. His responsibilities involved site selection, facility layout and design, procurement, and construction management for eight new facilities. He was instrumental in converting five facilities to high-speed rail shippers and in managing expansion projects at more than 20 facilities. John Ward, executive vice president and director of operations, stated: "Friedly brings to our team extensive experience in developing highly efficient bulk-handling facilities for plants and a significant background in optimizing required rail and truck transportation infrastructure."
In August AENS announced plans to build ethanol plants in Central Iowa and in Kankakee, Ill.
About Alternative Energy Sources Inc.: Alternative Energy Sources is engaged in the development of "greenfield" sites, including constructing, owning and operating fuel-grade ethanol plants. The management team has extensive experience in agricultural processing, grain trading, railroad negotiations, logistical economics, construction, acquisitions and operating as a public company. The founders have extensive management and leadership experience, including serving in executive management positions with agri-processing giant Archer Daniels Midland Co., the largest producer of ethanol. For more information go to http://www.aensi.com.
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Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. You can identify these statements by the fact that they do not relate strictly to historic or current facts. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to secure or generate sufficient operating cash flow to adequately maintain our generating facilities and service our debt, commodity pricing, intense competition for undervalued generating assets, environmental risks and general economic conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Company's SEC filings. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, other than as may be required by applicable law or regulation.