Sunergy's Board of Directors Expands by Appointing Bryan Miller President and Director and Welcomes Allied Mining's Management to Complement the Company's Rapid Development Strategy in West Africa
Press Release Source: Sunergy Inc. On Tuesday November 2, 2010, 9:05 am
SCOTTSDALE, AZ--(Marketwire - 11/02/10) - Sunergy, Inc (the
- News) (the "Company") is pleased to announce the appointment of Mr. Bryan Miller as President and Director of the Company. Mr. Miller has served as CEO and Director of Allied Mining and Supply, LLC and has agreed to direct the Company's current and future business development in Sierra Leone, Ghana and West Africa.
Mr. Miller replaces Karl Baum as President. Mr. Baum remains as a Director and resumes his previous position as Director of West African Operations and Business Development where he has served since 2007. Mr. Baum says: "We have been patient in our search to add value to our current corporate vision and expand and diversify our long-horizon strategies. The acquisition of Allied accomplishes more than we could have anticipated, especially when considering the addition of Mr. Miller to the board and integrating Allied's management into our overall operations. We are now able to allocate management's wealth of experience and talent to their respective capacities. I am very excited about Mr. Miller's corporate vision and am looking forward to working with him in leading the advancement of our current properties in development as well as expanding our portfolio in Sierra Leone, Ghana and the greater West African region."
Sunergy President Bryan Miller says: "Our team at Allied has already accomplished a tremendous amount of mine development and community good will in Sierra Leone. Our management remains intact post acquisition and we are integrating into Sunergy's executive management structure. Allied's President, Dale Bourassa has joined Sunergy's Advisory Board as well. Our compatibility is unusually great and the level of excitement shared by both boards is energizing the entire operations team in Sierra Leone and Ghana. We are hitting the ground running as if we had worked together for years. To have Karl Baum step aside as President so he can more fully address our aggressive development in West Africa with his hands on approach is personally exciting to me. Karl's qualifications and experience are one of our most valuable assets and to have him freed up to work in the field doing what he does best will really benefit the Company."
The Company also welcomes Allied Mining and Supply, LLC's management team listed below. They bring great strength to a successful operation in Sierra Leone.
Bryan Miller, President,Director - Sunergy, Inc
CEO, Director - Allied Mining
Mr. Miller, co-founder and CEO of Allied Mining & Supply (AMS), has spent the last 20 years as a business consultant and executive director in the media, renewable energy and resource industries. His particular expertise is in corporate development, deal structure and project management. During his time as CEO of AMS, Mr. Miller has overseen the growth of the company from a newcomer in mineral exploration in West Africa to one hailed as a "Giant" and "Model of a mining company" according to local press. He has identified several areas of significant potential growth in Sierra Leone involving minerals prospecting and exploration, agriculture and distributed power generation. Mr. Miller has taken the lead on the AMS community development programs in the communities in which the Company has operational interests.
President, Director- Allied Mining
Mr. Bourassa is co-founder and serves as President of Allied Mining & Supply. Mr. Bourassa has over 20 years of experience in the electric and solar contracting industry and is a long-time Napa resident. Mr. Bourassa has owned and operated a number of businesses over the years and has extensive background in all phases of business start up, operations, and finance. More recently he was directly responsible for the Allied Mining & Supply sampling program operations in Sierra Leone which resulted in the discovery of several substantial areas of Rare Earth Element (REE) mineralization within the AMS concession along the Pampana River.
Country Supervisor, Director
Mr. Bah is a native Sierra Leonian having returned to his homeland from England in 2007, to assist in the reconstruction of the country. Mr. Bah rose to the rank of Chief Inspector, Northern Provinces during his career in the Sierra Leone Police Force. In his youth he worked in all phases of diamond mining with several major mining companies. His considerable relationships at the local and national level as well as his high standing and enthusiastic efforts towards the economic development of Sierra Leone are without parallel.
Mr. Ullrich designed and built Keene Engineering's first portable 8" dredge in 1983 and performed worldwide consulting with Keene. He has been involved in mining in a consulting and dredging operations capacity in the western United States, Alaska, Mexico, Australia as well as open pit and dredging in Guinea, Sierra Leone, Ivory Coast and Congo (DRC). He has mined alluvial gold and diamonds, gem stones and rare earth metals throughout West Africa. He also designed and built the first African dredge for A-1 Diamond Co., Congo in 2001, and has been active in operations in Tanzania, Mali and Sierra Leone from 2003 to present time.
Karl Baum's experience:
Karl A. Baum -- Sunergy, Inc
Director of West African Operations and Business Development Mr. Baum brings with him a background in Business Management from Arizona State University and International Management Studies from Thunderbird School of Global Management .He has over 5 years of experience within West Africa serving as the General Manager for (2) small-scale exploration and gold mining operations within The Republic of Ghana with 7,000 ton/day capacity. As International Procurements and Logistics Manager he has overseen the shipment of over USD 15 Million worth of capital equipment from the United States and imported into Ghana. He has led the permitting activities for the operating mines in Ghana and enjoys a good working relationship with the local and national authorities. Prior to his positions within Ghana, Mr. Baum served as Permitting Coordinator on several gold mining projects in Colorado working with the EPA and Division of Minerals and Geology to ensure regulatory compliance.
Mr. Baum has also provided assistance in developing several large scale contracts for mining services within The Republic of Liberia and Sierra Leone; giving him a working knowledge of the customs and concerns of performing within the West African business climate. This hands on experience within the region has assisted him in providing turn-key supply chain management solutions which are vital to successful operations in this part of the world.
About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license in Ghana, West Africa and the 140.1 sq. km. Pampana River Rare Earth, Gold and Diamond concession in Sierra Leone, West Africa. We are production and acquisition oriented and are considering several projects suitable for near term production in West Africa.
Further information is available on the Company's website www.sunergygold.com
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin Mining Concession
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.