MMC Energy Inc.
MMC Energy, Inc. Announces Appointment of Harry Scarborough as Vice President of Business Development
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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MMC Energy, Inc. Announces Appointment of Harry Scarborough as Vice
President of Business Development
NEW YORK, November 22, 2006 / PRNewswire-FirstCall/ — MMC Energy, Inc.
(NASDAQ OTC: MMCN) today announced today the appointment of Harry
Scarborough as Vice President of Business Development.
Mr. Scarborough joins MMC after a very successful tenure as the General
Plant Manager for the 750MW Pastoria combined cycle power plant in the
Bakersfield area of Southern California from 2001 through 2006. The
Pastoria power plant is owned and operated by affiliates of the Calpine
Corporation.
Prior to his tenure at Calpine, Mr. Scarborough served in key roles as
Director of Operations and Maintenance (USA) for Enron Wind Corporation
from 1998 to 2001 and the International Regional Manager for Stewart and
Stevenson Operations from 1995 to 1998.
Prior to that time, Mr. Scarborough spent twenty years as a Surface Warfare
Officer in the United States Navy in various engineering roles including
conventional marine boiler propulsion plants, nuclear, as well as gas
turbine propulsion.
Mr. Scarborough earned a Bachelors degree in Business Administration from
National University and two Graduate Degrees (Management and Education)
from Chapman University in Orange, CA.
‘We are very pleased to announce the addition of Harry Scarborough to the
MMC professional team. Harry will be a tremendous resource for MMC as it
continues to focus on acquiring and operating deep value and earnings
accretive energy assets for our shareholders in the Western United States.
We welcome Harry’s breadth of operational expertise and industry
knowledge,’ said Karl Miller, Chairman and Chief Executive Officer of MMC.
About MMC Energy, Inc.
The Company is an energy acquisition company, which primarily acquires
and operates critical power generation and associated energy infrastructure
assets. The company is headquartered in New York City and traded on the
NASDAQ Exchange in the United States and the Deutsche Bourse in Germany.
The Company creates long-term value for its shareholders through deep
value asset acquisitions and hands on post- acquisition asset management.
The Company currently owns power generation assets in Southern California
and is pursuing a disciplined portfolio acquisition and growth strategy
targeting power generation facilities and energy infrastructure assets
primarily in California, Texas, Mid-Atlantic, and the Northeastern U.S.
Additional information concerning MMC Energy is available at
http://www.mmcenergy.com
Forward Looking Statements:
This press release contains ‘forward-looking statements’ within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, including without limitation those
statements regarding the Company’s ability to expand existing generating
facilities and exploit acquisition opportunities. These statements are
expressed in good faith and based upon a reasonable basis when made, but
there can be no assurance that these expectations will be achieved or
accomplished. Although the forward-looking statements in this release
reflect the good faith judgment of management, forward-looking statements
are inherently subject to known and unknown risks and uncertainties that
may cause actual results to be materially different from those discussed in
these forward-looking statements including, but no limited to, our
inability to generate sufficient operating cash flow to adequately maintain
our generating facilities and service our debt, commodity pricing, intense
competition for undervalued generating assets, environmental risks and
general economic conditions. Readers are urged not to place undue reliance
on these forward-looking statements, which speak only as of the date of
this release. We assume no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may arise
after the date of this release, other than as may be required by applicable
law or regulation. Readers are urged to carefully review and consider the
various disclosures made by us in the our reports filed with the Securities
and Exchange Commission, including those risks set forth in the Company’s
Current Report on Form 8-K filed on May 15, 2006, which attempt to advise
interested parties of the risks and factors that may affect our business,
financial condition, results of operation and cash flows. If one or more of
these risks or uncertainties materialize, or if the underlying assumptions
prove incorrect, our actual results may vary materially from those expected
or projected. We undertake no obligation to update these forward- looking
statements
Kontakt Deutschland
Value Relations GmbH
Tel. 069 959246-16
MMC@ir-services.de
(c)DGAP 22.11.2006
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Language: English
Issuer: MMC Energy Inc.
26 Broadway, Suite 907
NY 10004 New York Vereinigte Staaten von Amerika
Phone: +1 212 977 0900
Fax: +1 917 591 6906
E-mail: miller@mmcenergy.com
WWW: www.mmcenergy.com
ISIN: US55312Q1094
WKN: A0J2L0
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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