JUPITER, FL--(Marketwire - Mar 26, 2013) - GelTech Solutions, Inc. (OTCBB: GLTC), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques, announced today the appointment of Michael Reger, our principal shareholder and lender, to the position of chief operating officer.
"Michael Reger has been a significant shareholder and a strong believer in our Company since its inception," stated Michael Cordani, GelTech Solutions, Inc. chief executive officer. "We are excited to have Michael join our management team where his extensive knowledge of the financial industry and his managerial skills in building and growing businesses will be invaluable as we look to position the Company strategically for the future."
Michael Reger has been a partner of III Associates ("III") and AVM, L.P. ("AVM") for over 20 years. III is a registered investment advisor focused on managing global fixed income hedge funds and AVM is an institutional broker dealer. Prior to joining III and AVM, Mr. Reger had a distinguished career serving in various capacities for J.P. Morgan, including Proprietary Trading and Market Making in U.S. Securities in New York, Head of U.S. Treasury Trading in London, Cross-Market Government Arbitrage Book in London and Head of Global U.S. Swap Book.
About GelTech Solutions, Inc.
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public achieve environmental and safety goals such as water conservation and protecting lives, homes and property from fires. All the products currently marketed by GelTech Solutions, Inc. were created for the Company by inventor and chief technology officer Peter Cordani.
FireIce is a patent pending fire suppressant used for direct attack of fires as well as a medium term retardant for structure protection. FireIce can be used in all types of apparatus: fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.
GelTech also markets Soil2O which is both a non-toxic soil conditioner and a dust abatement product. Soil2O "Dust Control" products and solutions stop all types of particulate matter from entering the air and water, solving even the most stubborn dust control problems. Soil2O Granular and Topical blends reduce water consumption up to 50% and promote healthy root development in plants and lawns, generating faster seed germination by keeping nutrients and moisture at the root level longer.
For more information on GelTech, please visit: http://www.GelTechSolutions.com