SOURCE: Novo Energies Corporation

Novo Energies Corporation

October 06, 2009 06:00 ET

Novo Energies Corporation Announces the Appointment of Hakim Zahar, P. Eng., an International Energy Expert, to Its Advisory Board

NEW YORK, NY--(Marketwire - October 6, 2009) - October 6th, 2009 - Novo Energies Corporation, Inc. ("Novo"), a public company traded on the Over the Counter Market (OTCBB) under the symbol (OTCBB: NVNC), announced today that it has appointed Hakim Zahar, P.Eng., an international energy expert to its Board of Advisors.

Hakim Zahar P.Eng. brings to Novo Energies over thirty years of experience gained from the implementation of more than 400 projects/programs in the energy and the environment sectors around the world. Mr. Zahar states: "Novo Energies is an innovative business based on the recovery of waste plastics and scrap tires. A good quality and a continuous homogeneous supply will make the operation of the plants efficient so that their replication will be evident. I believe that Novo Energies is uniquely positioned to capitalize on this growing need for alternative renewable energy solutions through its process to transform wastes into liquid fuel. I am excited to work with Novo Energies' dynamic team to help them achieve the short and medium terms objectives for implementing numerous plants in North America and around the world in the near term.''

"Novo Energies is on the track for the execution of its business plan and we need to be well advised on all aspects of the business. We have been assembling experts in all facets of our business including Former Congressman Curt Weldon, Former House of Commons Member Marcel R. Tremblay, Former Delegate General for the Province of Quebec in New York, and Rubenstein Investor Relations to advise the Company as we implement our plans. We welcome Mr. Zahar and the expertise he brings on board," said Antonio Treminio, Chief Executive Officer of Novo Energies. "As we move ahead with the Company's business goals and our pilot plants implementation, we look forward to receiving Mr. Zahar's advice on how to do the right thing at the right place and time."

About Mr. Hakim Zahar: With over 30 years of experience in the energy and environment sectors, Mr. Zahar has implemented more than 400 successful programs/projects in Canada and around the world. Working in classic mechanical engineering since the very beginning of his career, Mr. Zahar has implemented several new industrial plants. Since 2002, Mr. Zahar has been very active in the climate change mitigation and adaptation fields with several projects in Asian countries and around the World. Mr. Zahar is familiar with coordination, management, strengthening and delivery of demand-driven practical services to a large team of experts and companies. With much experience in developing and concluding large turnkey projects, Mr. Zahar provides advice and guidance from the early steps of contracting the suppliers of raw material and for the equipments and project management as well as the operation of plants throughout the world. Mr. Zahar has worked with the World Bank, United Nations Organisations (UNDESA, UNDP and UNEP), regional development banks like AsDB and AfDB, and several International Development Agencies like CIDA, USAID, GTZ, AFD and REEEP, among others. His work was recognized many times. Among others, Mr. Zahar received four awards for his realisations.

About Novo Energies Corporation: Novo is a public company trading on the Over the Counter Bulletin Board Market ("OTCBB") under the symbol NVNC, with offices in New York, NY and Montreal, Quebec. The Company's mission is to continue expanding within the renewable energy sector by developing and implementing renewable energy solutions while maintaining its commitment to conserve energy, natural resources and help reduce pollutants and unwanted wastes. Based upon a novel technology, Novo's wholly owned subsidiary WTL Renewable Energy, Inc. will plan, build, own and operate renewable energy plants throughout North America that will transform residual plastics and tires to valuable liquid low carbon fuels such as diesel, gasoline and fuel additives.

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in the Form 10-K of the Company for the fiscal year end August 31, 2008, and other documents filed from time to time by the Company with the Securities and Exchange Commission.

Contact Information

  • For more information, please contact:

    Mr. Antonio Treminio
    Chairman and Chief Executive Officer
    Tel: 212-315-9705
    Email: Email Contact