MEDIA RELEASE 11 October 2006
International investment banker joins EESTech Inc.
Alexander J. Krem, Managing Director of Admiralty Investment Group, an
international investment bank <www.admiralty.net> and Alameda Capital, a
venture capital firm www.alamedavc.com has joined the newly formed Advisory Board of
EESTech Inc. (EESH.OB).
Mr Krem, who has over 35 years of legal, financial, banking, and investment
experience and has worked in over 60 countries, has been responsible for
structuring, documenting and closing billions of dollars in projects, both debt
and equity financings. He has financed numerous transactions for governments,
public and private companies.
He is a former Deputy General Manager of NZI Bank and General Manager of the
bank's Investment Banking Group, where he was responsible for managing over
NZ$1.4 billion in corporate and client investment funds. He was also Managing
Director for Security Pacific National Bank's New Zealand merchant banking
Prior to that, he was Vice President with Bank of America for 17 years where he
developed and managed multimillion dollar loan portfolios. He and his teams are
credited with numerous international loan, corporate finance and capital market
Mr Krem is also a qualified lawyer who has worked with the US Department of
Commerce in Washington DC and the international law firm of Graham and James.
He holds Bachelor of Arts (BA) degree (with high honours), a Master of Business
Administration (MBA), and Juris Doctor (JD) degrees from the University of
California at Berkeley, concentrating on finance. He has studied Industrial
Psychology at the Ph.D. level at the University of Minnesota and has taught law
and business at the University of California (Berkeley), University of the
Pacific (Stockton, California) and Auckland University. He has also lectured
The company believes this experience will be extremely valuable in its strategy
to negotiate and close profitable transactions around the world. This
appointment is pursuant to EESTech’s strategy of assembling a team of
international experts to serve as an Advisory Board to the Company.
EESTech, Inc. is commercializing two technologies: the JetWater system (JWS)
that is an efficient water purification process and the Hybrid Coal Gas Turbine
technology (HCGT) which uses coal waste, ventilated air methane or biomass as
fuel to produce electricity.
The company has embarked on a strategy to market these complementary
technologies globally, and expects its Advisory Board to provide significant
Mr Krem said: “I have followed EESTech for the past six years and am excited
with its current potential. The hybrid coal gas turbine can use pollutants
(waste coal and methane gas) from both operating and closed coal mines to
produce electricity. This electricity can then be used by coal mine operations
or sold into local, regional or national grids.
“At the same time, the technology can clean up the environment and generate
profitable carbon credits. Waste heat from this process can power the JetWater
system to clean up polluted water normally associated with coal mine sites.
“As demand for coal increases and pressure mounts to clean up coal mine sites
increases, we can expect growing demand for this type of technology,” Mr Krem
Contact details and further information is available on the EESTech Inc web
Released on behalf of EESTech Inc., by Dennis Rutzou Public Relations (www.drpr.com.au).
For further information please contact Dennis Rutzou
on (+612) 9413 4244.
Forward Looking Statement:
This media release includes statements that may constitute ‘forward-looking’
statements. The statements can generally be identified by phrases such as
EESTech, Inc or its management ‘believes’ ‘forecasts’, ‘estimates’ or other
words or phrases of similar import. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Similarly, such statements herein that describe the Company’s business strategy,
outlook, objectives, plans, intentions or goals are forward-looking statements.
Forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from forward-looking statements.
Factors which would cause or contribute to such differences include, but are not
limited to our ability to recruit and retain key personnel, the availability of
funding for future operating requirements, our ability to protect our
intellectual property, our ability to secure contracts for the installation of
our products and our ability to develop and operate such projects successfully.
We urge you to carefully consider these factors and the information detailing
other factors (which could cause actual results to differ materially) included
in EESTech, Inc.’s forms 10Q and 10K filed with the SEC. The forward-looking
statements are based on current expectations and neither the Company nor its
management assumes any obligation to update these statements.