MIAMI, FL -- (Marketwire) -- 03/01/11 -- Alternative Fuels Americas, Inc. (PINKSHEETS: AFAI) announced today that Dr. Sam Stern and Dr. W. Wayne Surles have joined the Company's management team as Chief Operating Officer and Director of Research & Development, respectively, effective immediately.
Dr. Stern has a Ph.D. in the Life Sciences from the Hebrew University of Jerusalem. He has served as General Manager for one of Continental Grain Company's agribusinesses in Latin America (Ecuador) for over 17 years. More recently, he was the General Director of the Centro Nacional de Acuicultura e Investigaciones Marinas -- CENAIM (National Aquaculture and Marine Research Center) in Ecuador. Over his career, Sam was directly involved in project negotiations, development and execution with multinationals including corporate giants such as Abbott Labs and Schering Plough. His strong operational experience combined with his technical know-how and his 24 years of residing in South America, make him a welcomed addition to the AFAI management team.
Dr. Surles is an entomologist with extensive expertise in biology and chemistry. He has acquired highly diversified international expertise in the agronomic development of products utilized to enhance plant production. His career entails extensive academic publications in insect/plant interactions along with product and business development in which his scientific background supported international research and development efforts. As a scientist he has developed pesticides and application programs and techniques, while directing these projects into financial successes. Although he has actively supported all levels of agrichemical development, production and sales, his passion remains in the agronomic methodology of enhancing plant growth. Here, his scientific background affords a strong foundation in agronomy, pest control, genetic plant improvement, propagation and nutrition. It is this passion, experience and expertise that Wayne brings to AFAI.
'I am excited to be joining AFAI. The Company's goals and its operational guidelines impress me as being well-conceived and carefully planned. I am looking forward to adding my own experiences and expertise to help grow this company, so we succeed in accomplishing all the good things we plan for all stakeholders and our shareholders,' remarks Sam Stern.
'I am very pleased to be on board the AFAI management team,' comments Wayne Surles. 'From the first time I learned of some of the more unique ways Alternative Fuels Americas deals with traditional biodiesel challenges, I was intrigued. Now I get to participate and contribute to the creativity and success, and I am thrilled.'
'The addition of Sam and Wayne complete our team,' states AFAI CEO Craig Frank. 'AFAI now has one of the most knowledge intensive, experienced and capable senior management teams in the industry. Our executive depth and our innovative strategic and tactical approaches are now in-sync making us fully capable of implementing on the full scope of our business plan.'
About Alternative Fuels Americas
Alternative Fuels Americas (AFA) is a 'seed to pump' company developing above ground oil fields through the planting and processing of high yield crops. The Company expects to engage in all phases of the biodiesel process -- planting, growing, and harvesting Jatropha, crushing and refining Jatropha seeds into biodiesel, and selling the biodiesel or green fuel oil into the local markets. For more information, visit http://www.alternativefuelsamericas.com
This press release includes statements that may constitute 'forward-looking' statements, usually containing the words 'believe,' 'estimate,' 'project,' 'expect' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.