NEW YORK, Feb. 8, 2012
/PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the
Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that
the company appointed Mr. Claudio
Terruzzi, a prominent Italian entrepreneur and steel
industrialist, with worldwide investments and a successful career
especially in the environmental sector, as a board member
and senior executive within reputable organisations. The
company will benefit a lot from Mr. Terruzzi's distinguished global
network and expertise, especially in Italy.
Mr. Terruzzi was born on 14.02.1956 to an Italian leading steel
industrialist who still runs his empire. Mr. Terruzzi holds a
Master in Law from the University of
Nevada. He is a winner of the "GOLDEN ANGEL" prize for the environment, a
prize awarded to people engaged in solidarity and environmental
actions. He is also the subject of biographical record in The
Marquis Who's Who Publications Board in Finance and Industry 1998
1999.
Mr. Terruzzi is a board member in the World Solar Foundation, a
prime organisation focusing on sustainable and renewable energy
with members from all over the world and maintains special
relations with the UN and, since 2010, is a member of the Milano
Expo 2015 Energy and Environment Think Tank Team.
Mr. Terruzzi held several positions within the environmental
sector, being president of
A G E M E N T SYSTEM SpA, Company
leader in installations connected to environmental services,
Vice-President of ASPICA of WASTE MANAGEMENT ITALIA, Group leader
in the environment business and was the vice president
of WASTE MANAGEMENT ITALIA SpA, a leading group.
Mr. Terruzzi is a shareholder and board member of ITALBROKERS
SpA, a leading European insurance company. He is also the
founder of Global Engineering and Trade S.P.A., an Italian company
specialized in Photo catalytic coatings and paints with several
registered patents.
In his career, Mr. Terruzzi held several public positions within
the core family business in the steel sector. He was the
President of the "ASSOFERMET", National Association of stainless
steel traders, President of "FEDERACCIAI", National
Association of stainless steel pipes Manufacturers President,
Chairman of Special Steel Committee FIANATM BRUXELLES World Association of Steel Committee
D A N E C O M A N.
Forward Looking Statements
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
with respect to 3Power, its business and prospective development
plans. These forward-looking statements can be identified by the
use of terminology such as "subject to," "believe," "expects,"
"plan," "project," "estimate," "intend," "may," "will," "should,"
"can," or "anticipates," or the negative thereof, or variations
thereon, or comparable terminology, or by discussions of
strategy. Although all of the forward-looking statements set
forth in this press release are believed to be reasonable, actual
results may differ materially from those expressed in
forward-looking statements as a result of factors outside of the
control of 3Power. 3Power cannot provide assurances that any
prospective matters described in the press release will
successfully close or otherwise be completed or that 3Power will
realize the anticipated benefits of any such transactions.
Important factors that may cause actual results to differ
materially from those expressed in the forward-looking statements
are discussed in 3Power's Securities and Exchange Commission
filings. Readers are cautioned not to place undue reliance on
forward-looking statements. 3Power does not undertake and
specifically disclaims any obligation to update, republish or
revise forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrences
of unanticipated events. All forward-looking statements should
be regarded solely as 3Power's current plans, estimates and
beliefs.
SOURCE 3Power Energy Group Inc.