SOURCE: Torvec, Inc.

October 14, 2008 15:54 ET

Asher Flaum Joins Torvec's Board

ROCHESTER, NY--(Marketwire - October 14, 2008) - Torvec, Inc. (OTCBB: TOVC) announced today that Asher J. Flaum, President of Flaum Management Company, has been elected to the company board of directors. Mr. Flaum is the son of David M. Flaum, founder of Flaum Management, who resigned from Torvec's board on October 10, 2008 due to time commitments.

Flaum Management Company, Inc. is a full service real estate company that owns and manages a portfolio of several million square feet of commercial real estate including retail, office, industrial, development projects as well as provides complete real estate brokerage services through its real estate brokerage division.

Through his active involvement with Flaum Management, Mr. Asher Flaum focuses on real property management, development, acquisitions and finance, leasing and brokerage services. He has participated in multiple real estate transactions involving Fortune 500, national and regional companies.

A licensed real estate broker, Mr. Flaum is a member of the International Council of Shopping Centers (ICSC) and a member of the New York State Commercial Association of Realtors (NYSCAR). Mr. Flaum, who has a B.S. degree from Syracuse University, serves on the board of directors and finance committee of the Jewish Community Federation and on the board of directors of Constellation Brands Marvin Sands Performing Arts Center (CMAC).

James Y. Gleasman, Torvec's chief executive officer, commented:

"We would like to thank David Flaum for his service as a member of Torvec's board and for his sincere interest in Torvec's success. We very pleased that the Flaum's family commitment to Torvec remains unchanged with the board's appointment of Asher J. Flaum as a director. Asher has been engaged in many Torvec activities over the past 12-14 months and has demonstrated an extraordinary commitment to Torvec and its mission. His understanding of our company's technologies, the scope of existing and current projects and his manifest enthusiasm will serve the company well as we move forward."

About Torvec, Inc.

Torvec, Inc., based in Rochester, New York, develops advanced automotive technologies that increase transportation safety, mobility, fuel efficiency and reduce soot emissions. Torvec owns the technology for an Infinitely Variable Transmission that increases fuel efficiency at the same time that it reduces soot emissions, a Full Terrain Vehicle (FTV) that can travel over the most inhospitable terrain as well as on the most modern highways, an IsoTorque™ Differential that increases vehicle handling and enhances highway safety.

Contact Information

  • Contact:
    Andrew Gleasman
    585-254-1100