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GREENBELT RESOURCES CORPORATION ANNOUNCES NEW CEO
BURNSVILLE, Minn., September 29, 2009 – Greenbelt Resources Corporation (Pink Sheets: GRCO) today announced the appointment of Darren Eng as the new chief executive officer for the company effective immediately. Eng succeeds Scott Pummill, who recently completed an 18-month interim CEO term. With Pummill’s leadership the company successfully concluded a rebuilding phase that focused on establishing a solid financial structure and resolving legal challenges in order to position the company for long term growth.
Eng will execute a vision for Greenbelt Resources of operational and revenue success built on a total solution offering of quality and process controls. Pummill plans to continue working within the industry and positively impact the future of Greenbelt Resources initiatives.
“Darren brings experience and expertise that will help us grow and take this business to the next level,” said Todd Hylden, Board of Directors, Greenbelt Resources. “We are now well-positioned to meet market needs and achieve healthy, managed growth as we enter a new phase focused on operational success.”
Eng has served on the Greenbelt Resources board of directors since October 2008. Prior to this new CEO role, Eng founded and led The Sponsorship Group and served in several Executive Director roles for various organizations in Southern California. Prior to his executive leadership roles, he was a project and team manager of engineers and scientists as a level III associate scientist for AECOM. He holds a bachelors of science degree from Yale University in biology-environmental track.
“Greenbelt Resources is now on a strong footing to deliver a portfolio of solutions and lead the byproduct-to-biofuel conversion market thanks to Scott’s rebuilding efforts,” said Darren Eng, CEO. “For the first time in the company’s history we can deliver a unique and compelling solution that I believe will validate ethanol as a viable alternative fuel source for local economies.”
Greenbelt Resources, through its wholly-owned subsidiary Diversified Ethanol and the engineering team led by Floyd Butterfield, will provide technology and process control support to the waste-to-ethanol distribution network that assures a low cost, locally-generated alternative fuel source sustaining demand proximate to the point of production. The two companies plan to bring a pilot plant online in Central California for feedstock conversion in 2010 in advance of selling and rolling out additional regional facilities in the U.S. and Asia.
About Greenbelt
Greenbelt Resources Corporation™ is committed to technological innovation that drives cost-impacting results with strong social sense. The company is dedicated to delivering business solutions with integrity and perpetually high quality control through intelligent support services. Greenbelt Resources subsidiary Diversified Ethanol Corporation™ provides end-to-end waste-to-ethanol solutions designed to establish a highly efficient installed network of customer owned modular ethanol plants providing localized processing of locally generated waste into locally consumed ethanol. The company's ethanol plants are built around the award winning Butterfield Closed Cycle System™. Founded in 2002, Greenbelt Resources Corporation is a public company trading under the symbol GRCO.PK. For more information including how to contact the company, visit Greenbelt Resources on the web at www.greenbeltresources.com.
Press Inquiries, Contact:
Darren Eng
(310) 567-4844
darren@greenbeltresources.com
Amelia J-Lewis
(503) 703-7894
amelia@apbcomm.com
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.