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Prior to his acceptance of the position of president and CEO of Carbonics, Dr. Miller was the founder and president of Sustainable Systems, an oilseed processing facility specializing in the production of high oleic vegetable oils for food applications. Dr. Miller has a hands-on understanding of the challenges faced by early stage development projects and companies including diverse experience in finance, sales, marketing, product development and operations. Dr. Miller earned a B.S. in Chemistry from Radford University and a Ph.D. in Chemistry from the University of Montana.
"Carbonics will focus on technological development and services that decarbonizes and increases efficiency within industry and commerce," said Dr. Miller. "Our plan to build shareholder value involves the development and use of technologies that decrease carbon and energy intensity coupled with the monetization of those reductions to help drive our growth."
Carbonics' first project involves its planned acquisition of the Sustainable Systems oilseed crush facility in Culbertson, Montana from GreenShift Corporation (OTCBB: GERS), and the restructuring and repositioning of this facility as a strategic location for the processing of carbon-neutral second generation feedstocks for biofuel applications. In addition, Carbonics intends to invest in the development of technology to manufacture carbon-negative third generation feedstocks for biofuel and specialty chemical applications.
Dr. Miller stated, "I am energized by Carbonics' technology, services, business development and overall growth opportunities. It remains extremely important that the private sector continue to develop and invest in renewable energy, energy efficiency and clean technology that has diverse applications across industry and commerce. We are collectively, as a society, facing unprecedented challenges in the form of resource scarcity and global climate change. We believe that development of second and third generation feedstocks that help to streamline the flow of carbon through, out and back into commerce presents a compelling opportunity to contribute meaningfully to the resolution of these challenges."
About Carbonics Capital Corporation
Carbonics Capital Corporation (OTCBB: CICS | Quote | Chart | News | PowerRating) was founded to facilitate decarbonization in ways that cost-effectively capitalize on the evolving carbon markets.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Carbonics Capital Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Carbonics Capital Corporation
Carbonics Capital Corporation Gary Nash, 406-546-5263 Fax: 646-572-6336 investorrelations@carbonicscapital.com www.carbonicscapital.com (under construction)
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