SCOTTSDALE, AZ- Marketwire, March 4, 2010 -
- Sunergy, Inc. (the "Company") (OTC.BB:SNEY
-
News)
is pleased to announce the appointment of Mr. Karl A.
Baum as President and Director of the Company. Mr. Baum
has served since August 12, 2009 as Manager of West
African Business Development for the Company and has
agreed to take the helm to direct the Company’s core
business development in west Africa and globally.
Mr. Baum replaces Joseph Guerrero, who has resigned as
President and Director in order to focus on his real
estate career in Scottsdale, Arizona.
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.
Karl commented, "I am excited to take this step to take
the helm as President and to join the Board of Directors
at this time. The opportunities that have presented
themselves to the Company recently are truly Company
building. I appreciate the confidence that the Board of
Directors has placed in me to lead this development. We
share the same vision and goals of developing a large
diversified Company throughout West Africa. This
economic downturn has uncovered several opportunities
that are available now for those ready to do business in
Ghana and West Africa.”
Company Chairman P.K. Rana Medhi said, "We now have a
President with local knowledge and substantial business
connections in Ghana, where our core business and
business opportunity exists. We have Bob Levich, P.Geol.(see
PR dated December 21, 2010) who recently joined our
Board of Directors after working with us in Ghana for
several months. Mr. Levich also lives in Ghana most of
the year. We also have the pleasure to have regional
chief, Ne Ne Abiasi Agbonoo #3 serve on our Advisory
Board. This team on the ground in Ghana gives our
Company the best possible chance for success in
executing our strategic business plan that will unfold
in its fullness over the next few months.”
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. The
concession is surrounded by several operating mines and
is adjacent to Newmont Mining's property. This
concession has the Offin River flowing through our
eastern portion and there are numerous artisan pits
ready for testing and evaluation for near term
production. The Offin River is known for good alluvial
gold production. Artisans usually recover about 30% of
the available gold through primitive hand methods,
leaving 60-70% to be recovered by modern mechanical
operations.
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 and Sunergy's ability to make
the required payments to General Metals as they become
due.
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.
Contact:
Karl A. Baum
President, Director
Sunergy, Inc
949.244.1378 cell
480.477.5810 office
karl@sunergygold.com