SOURCE: Torvec Inc.

Torvec Inc.

October 25, 2010 08:30 ET

Torvec Seeks Increased Profile, Accepts Director Retirements

ROCHESTER, NY--(Marketwire - October 25, 2010) -  Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCBB: TOVC), announced today that Torvec has accepted the retirements of Daniel R. Bickel, Herbert H. Dobbs and Joseph B. Rizzo as members of the company's board of directors effective immediately. The directors' decision was based upon their desire to help position the company to attract director leadership of a national and international caliber and reputation while maintaining the character of limited size. The board of directors has the authority to fill the vacancies resulting from the retirements.

In retirement letters sent to the company's board of directors, each of Messrs. Bickel, Dobbs and Rizzo expressed their common view that Torvec is positioned well for the future: "I am not retiring out of any sense of disappointment with the company and/or disagreement with its policies. To the contrary, I have never been more enthusiastic about Torvec's possibilities for economic success than I am with the board appointment of Richard Kaplan as the company's new chief executive officer."

Richard Kaplan and the Gleasman family thanked the directors for their long and steadfast service:

"All of us at Torvec wish to express our gratitude to Dan, Herb and Joe for their dedication to Torvec and to the development of the company's technologies. Without their guidance, we would not be where we are today. Their insight and energy will always be welcome at Torvec."

This news release contains forward looking statements regarding Torvec's future economic performance and prospects that are subject to risks and uncertainties. These risks and uncertainties could cause actual results to differ from those described in such statements. Such risks and uncertainties include those described from time to time in Torvec's SEC reports, including its most recent Report on Form 10-K.

About Torvec, Inc.

Torvec, Inc. is a publicly traded company that develops advanced automotive and related energy saving technologies that increase transportation safety, mobility, fuel efficiency and reduce pollutants. Torvec's chief products and intellectual property include its Full Terrain Vehicle (FTV®), infinitely variable transmission, IsoTorque® differential and hydraulic pump and motor. For additional information, please visit

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