SOURCE: Dakshidin Corporation

November 29, 2010 09:15 ET

Dakshidin Welcomes Industry Veteran to Board of Directors

LAS VEGAS, NV--(Marketwire - November 29, 2010) - Dakshidin Corporation (PINKSHEETS: DKSC) is extremely pleased to announce the appointment of P. Thomas (Tom) Cox, PhD. to its board of directors. Dr. Cox is a highly regarded renewable energy expert whose career with numerous organizations and agencies spans more than fifty years with an emphasis on the developing world. During his illustrious career Dr. Cox has been responsible for the oversight of a number of multi-billion dollar projects and has had more than 120 articles published attesting to his expertise in the field.

"I am thrilled that Dr. Cox has joined our board of directors. Having an individual with Tom's expertise and reputation is a definite advantage for us," stated John Alexander (Lex) van Arem, interim CEO of Dakshidin Corporation. "Tom's project experience and his connections in the developing world will greatly assist us in bringing our business plan to fruition. I look forward to working with Tom beginning immediately."

Dr. Cox's active involvement in the company is expected to greatly enhance Dakshidin Corporation's ability to directly access both ongoing projects worldwide as well as the many organizations and countries he is presently working with. As a result of his numerous contacts he will also be able to assist the company in strategically leveraging existing resources.

"I have spent the better part of my career overseeing projects in the developing world. Clean water and reliable electricity are still very much in demand there," Dr. Cox said in a recent interview. "The reputation I have built in over 50 years of work is of prime importance to me. I have joined Dakshidin because I truly believe that it can and will play a major role in providing renewable energy and potable water to parts of the world that need it the most. I am looking forward to using my expertise and numerous contacts to bring the Dakshidin Corporation's plan to completion in as short a time line as possible. The technology that they represent can make a tremendous difference for many millions of people."

In other news, Dakshidin Corporation confirms that it is diligently working with multiple parties and humanitarian organizations to bring the advanced negotiations currently underway to a successful conclusion. Though this process has taken longer than had been anticipated due to the number of different parties involved, definitive results are expected shortly.

Dakshidin Corporation will continue to update shareholders as events progress.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Contact Information

  • Contact:
    Dakshidin Corporation
    John A. van Arem